We as the @DAO Labs #SocialMining community always follow the continuously evolving cryptocurrency landscape, where our first focus is always on our own projects like $TON and $MATIC . In this article, we will take a look at what @Movement Labs MoveVM and @Polygon AggLayer integration will mean for the blockchain ecosystems.
In the blockchain space the two greatest hurdles that developers and users have to face are interoperability and liquidity, and the race is on to provide a better solution than the other operators. This Polygon Agglayer and MoveVM integration sets the stage for a quick and hiccup-free blockchain ecosystem. So, let’s look at what MoveVM is, how it integrates with Polygon's AggLayer, and what benefit is there for developers and end-users.
What is MoveVM?
MoveVM is an open-source, chain-agnostic smart contract execution engine (1). It was first developed for Meta’s Libra (now known as Diem, a cryptocurrency project that later shut down 2) The key principles of Move are default security features, runtime and Aptos-specific formal verification, and over all, simplicity (1). For developers features such as unit testing, coverage tooling, IDE plugins, and on-chain decompilation, data model, upgradeability, cross-interaction, code storage and sponsored transactions are only some of the advantages that Move offers (1).
Polygon Labs, one of the DAOLabs supported projects, came up with its innovative “AggLayer” to provide hassle-free interoperability for various blockchains easily across Ethereum Layer 2 ecosystems.
How AggLayer Works
At its heart, AggLayer is simple and minimalist, relying on a pessimistic proof mechanism for safe transactions between different blockchains. (3)
Liquidity fragmentation is a key issue that creates speed bumps along the transaction highway, and the AggLayer solves this problem by aggregating liquidity across a number of blockchains.
The ZK (Zero Knowledge) EVM (Ethereum Virtual Machine) provides a wide array of chains to operate like a single chain, which makes it faster. (4)
The Integration of MoveVM with AggLayer
When AggLayer integrates with MoveVM, it allows the MoveVM users the opportunity to access the blockchains operating within EVM. That means their reach will now be much wider, increasing their potential for adoption. It also hugely increases liquidity, provides better security for all involved and for the enduser, it makes switching, liquidating and tracking assets much simpler. Of course, it goes without saying this also means transaction fees will be lower!
In conclusion, this integration between Polygon Agglayer and Movement Labs MoveVM is a win-win-win scenario – it benefits the blockchain space as a whole to have better connected, fast systems that allow for safe, secure liquidation and chains that can operate with minimal gas fees with less hassle and hiccups. That is also why we believe supporting our projects on their way to greatness through Social Mining. This DAOLabs innovation is an alternative that allows you to take part in this great paradigm shift, and earn through your own hard work and efforts towards building a community behind a project you believe in.
Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
Sources:
1 APTOS DEV: https://aptos.dev/en/build/smart-contracts/why-move
2 BBC https://www.bbc.com/news/technology-60156682
3 POLYGON https://polygon.technology/blog/how-the-agglayer-unlocks-a-new-age-of-blockchain-economics
4 CHAINLINK https://chain.link/education-hub/zkevm
