Movement Network is a community-first blockchain providing the highest possible TPS through Move, instant finality, native day-zero access to mass liquidity, and modular customizations.
Why Move?
Move is a safe and secure programming language designed by Facebook for smart contracts that emphasize ownership and safety. Assets in Move are represented as resources. Owing to Move's strong ownership model and explicit resource abilities, Move simplifies the development of safe smart contracts for common blockchain tasks such as transferring ownership of assets, minting, and destroying.
Technical Details
The Movement Network has three main components that enhance its performance, security, and interoperability: the Move Executor, the Staked Settlement Module, and the Decentralized Shared Sequencer. Each of these components plays a crucial role in ensuring the operation of Move-based chains.
Move Executor
The Move Executor is a core component of the Movement-SDK, supporting both MoveVM and EVM bytecode. This dual compatibility provides a robust execution environment, enabling developers to leverage the advanced features of the Move language while maintaining compatibility with existing Ethereum applications. The Move Executor integrates the parallel execution capabilities of MoveVM with existing EVM interpreters, ensuring compatibility and scalability.
Fast Finality Settlement Module
The Fast Finality Settlement Module is designed to provide fast confirmations and settlement for transactions. By utilizing a network of validators who stake assets and attest to the correctness of state transitions, this module ensures crypto-economic security and reduces latency. The validators combine the security benefits of staking with the efficiency of rapid transaction finality.
The Fast Finality Settlement includes Postconfirmations, see this blog (on-L1) and L2-confirmations (off-L1).
Security Mechanism
Ethereum Settlement: Validators stake assets to provide economic security, ensuring significant financial interest in network integrity.
ZK and Optimistic Rollups: ZK-rollups offer security through validity proofs, while optimistic rollups rely on challenge periods for dispute resolution. Both methods have higher latency and computational costs.
Fast-Finality Chains: Offer fast-finality and high economic security without extensive proof generation or challenge periods, reducing latency and improving user experience compared to ZK and optimistic rollups.
Comparison with ZK and optimistic rollups
Fast-Finality chains do not require expensive proof generation equipment, unlike ZK-rollups.
Fast-Finality chains provide significantly reduced latency compared to both optimistic and ZK-rollups, with finality settlement in seconds.
Fast finality is crucial for interoperability and atomic cross-chain transactions, making fast-finality chains an ideal solution for many applications.
Decentralized Shared Sequencer
This component is a decentralized and shared sequencing mechanism that enhances network robustness, fairness, and censorship resistance. By providing customizable transaction ordering, the sequencer supports cross-chain atomic swaps and pooled liquidity within the Move Arena ecosystem. This shared sequencer ensures fair and efficient transaction ordering across all participating chains.
Movement Frameworks
The Movement Network is built on robust frameworks that enable the creation, deployment, and management of Move-based chains. These frameworks include the Move Stack, Move Arena, and the Move-based chain Framework, each designed to enhance performance, security, and interoperability.
Move Stack
The Move Stack is a collection of tools, components, and adapters that enable the creation of customizable Move-based chains. It includes essential elements such as sequencing, data availability, and settlement mechanisms. The modular architecture of the Move Stack allows developers to select the most suitable components for their specific applications, ensuring optimal performance and security.
The Move Stack's configurable components include:
Sequencer: Developers can opt for the default decentralized shared sequencing service or choose a self-reliant sequencing mechanism.
Data Availability: Supports various DA solutions, including Ethereum EIP-4844 blobs, 0G, Avail, Celestia, EigenDA, and Near.
Settlement Mechanisms: Offers options for optimistic (fraud proof), ZK (validity proof) and staked (attestations) settlement mechanisms.
Move Arena
Move Arena provides a framework to deploy and join the Move-based chains network. It offers benefits such as fast-finality, interoperability, and shared economic security. This framework supports a network of application-specific chains, enhancing interoperability and shared liquidity. It allows the deployment of specialized chains tailored to different use cases, such as DeFi, gaming, and supply chain applications.
Framework for Move-based chains
The framework for Move-based chains provides a blueprint for creating Move-based chains. It is a modular architecture where components can be configured to meet the specific needs of different applications. The framework includes key components such as the Move Executor, bridge contracts and adaptors for sequencing, a data availability, and a settlement. This flexibility allows for the customization of chains to optimize performance, cost, and security.
Key Components of the framework for Move-based chains
Executor: Processes transactions and generates new L2 blocks.
Bridge Contracts: Facilitates asset deposits and withdrawals between L1 and the chain.
Sequencer: Orders transactions.
Data Availability Service: Ensures transaction data accessibility to the settlement mechanism.
Settlement Mechanism: Verifies transaction execution correctness through various methods (e.g., ZK-proofs, fraud proofs, fast-finality settlement).
Transaction Lifecycle
Understanding the transaction lifecycle is crucial for understanding how Move-based chains achieve efficient and secure transaction finality. This lifecycle outlines the steps from the initial submission of a transaction to its final settlement, ensuring that every transaction is processed correctly and securely.
The transaction lifecycle within a Move-based chain involves:
Submission: A transaction is submitted to the mempool.
Sequencing: The sequencer extracts a batch of transactions from the mempool and orders them.
Data Publication: The sequencer publishes the transaction data to the DA service.
Execution: The executor processes the transactions, resulting in a new L2 state.
Settlement: The new state is published to L1 in the bridge contract for final settlement.
This process ensures efficient and secure transaction finality.
Interoperability and Security
The Movement Network leverages mechanisms to ensure robust interoperability and high security across its ecosystem. Key components include the Shared Decentralized Sequencer and Multi-Asset Staking.
Shared Decentralized Sequencer
This component provides a decentralized and shared sequencing mechanism, enhancing network robustness, fairness, and censorship resistance. It supports cross-chain atomic swaps and pooled liquidity within the Move Arena ecosystem. This shared sequencer is a crucial component of the Move Arena, ensuring that all participating chains can achieve fair and efficient transaction ordering.
Multi-Asset Staking
The shared decentralized sequencer utilizes a PoS system, allowing for multi-asset staking to enhance economic security. This mechanism enables staking of both native and non-native tokens, boosting network security and promoting sovereignty among chains. Delegation allows for staking without operating a node, maximizing staked value and economic security. This multi-asset staking approach ensures that a diverse range of assets can be used to secure the network, enhancing overall resilience and flexibility.
Multi-asset staking allows the inclusion of various token types, enhancing the economic security and decentralization of the network. This also empowers chains by integrating their security contributions into the overall network.
Movement Network Foundation Reveals $MOVE
With Movement Network’s Public Mainnet, Movement Network Foundation now unveils MOVE – which will be used to achieve the long-term objectives of Movement Network.
Movement Network Public Mainnet is the first Move blockchain that settles to Ethereum, aiming to deliver high TPS, improved security, and near-instant finality.
Movement improves the Ethereum ecosystem by bringing Move's superior security features and biodiversity of net new developers and applications to the world's leading smart contract platform. MOVE ill be used to achieve the objectives of Movement Network Foundation.
As we approach the MOVE ken Generation Event (“TGE”), we now present MOVE lity and token economics:
$MOVE Glance
Token Distribution
MOVE have a maximum supply of 10,000,000,000 tokens, with an initial circulating supply of 22.5%. MOVE e available and represented on Ethereum Mainnet as an ERC-20. Following Movement Network Public Mainnet launch, MOVE so be available on Movement Network.
The majority of MOVE be allocated to the Movement Network community – across Ecosystem & Community, Foundation, and Initial Claims tranches.
Ecosystem + Community (40%)
40% of MOVE reserved for Ecosystem, including the following:
Staking Rewards: Reserved for future distribution of validator rewards on Movement Network.
Ecosystem Initiatives: Reserved for future distribution of grants to teams on Movement Network. Grants are awarded based on the completion of certain pre-defined milestones.
Incentives & Liquidity Provisioning: Reserved for future distribution of incentives for usage of Movement Network, and to provide liquidity to bootstrap the Movement Network DeFi ecosystem.
Initial Claims (10%)
10% of MOVE be distributed to the Movement Network community – through the MoveDrop and other initial claims activities.
Foundation (10%)
10% of MOVE reserved to support the ongoing operations of Movement Network Foundation, as they manage the growth, development, and decentralization of Movement Network.
Early Contributors (17.5%)
17.5% of MOVE eserved for Early Contributors of Movement Network – who are primarily from Movement Labs. These Early Contributors come from across Engineering, Product, Community & Marketing, Business Development, Strategy, and other workstreams.
Early Backers (22.5%)
22.5% of MOVE served for Early Backers of Movement Network – who have provided financial, advisory, and strategic support to Movement Network.
Token Utility
MOVE token of the Movement Network ecosystem, and will be used to achieve the long-term objectives of the Network. Movement Network aims to develop various utilities for $MOVE, including the following:
Staking for Economic Security
Movement Network aims to introduce a novel fast-finality settlement mechanism, creating an alternative to validity and optimistic rollups. Fast-finality will be enabled by a set of validators who stake MOVE correctness of Movement Network’s state. In exchange for providing this economic security, active validators will receive MOVE
Gas Fees
Gas fees on Movement Network Public Mainnet L2 are denominated and paid for in $MOVE, where a portion of these fees are used to pay for rent to settle transactions on Ethereum Mainnet. In the future, as teams build L2s using the MoveStack, these L2s are also expected to use MOVE es.
Governance & Decentralization
Through $MOVE, we expect the community to play a critical role in the decentralization of governance of Movement Network over time. Holders will be able to propose and vote on governance proposals to change certain network parameters and participate in future community initiatives.
Native Assets on Movement Network
MOVE the native asset of Movement Network. Applications built on Movement Network can use MOVE
MOVE dity
Collateral
Payment
Roadmap
Movement Network’s TGE strategy emphasizes the importance of launching $MOVE, the native token of the Movement Network ecosystem, which has the utilities outlined above. In doing so, we create the foundational utility that our network will rely on, and ensure that users have the necessary resources to engage with Movement Network effectively upon launch.
As part of the MOVE to build economic security through the introduction of liquid deposit contracts. This process is integral to bootstrapping network security and is designed to be executed in a number of phases starting at TGE and continuing past the launch of the Movement Network Public Mainnet:
Mainnet Genesis: Network genesis, selected node operators will be able to run follower nodes.
Deposit Contract on Ethereum Mainnet: Begin building economic security by allowing users to deposit MOVE into a liquid deposit contract.
Bridging MOVE acilitate the transfer of MOVE
Onboarding Validators: Select and onboard validators who will help secure the network.
Enabling Staking: Open full staking functionalities for the broader user base.
Adding Slashing Mechanisms: Implement penalties for malicious behavior to maintain network integrity.
After the launch of Movement Network Public Mainnet, other roadmap items will follow:
MoveStack
Shared Sequencing
MEVM
Multi-Staking
Conclude
Movement Network represents a significant evolution in the Ethereum ecosystem, bringing Move's superior security guarantees to the world's leading smart contract platform.
With 200+ teams building on Movement Testnet and a thriving ecosystem, MOVE in realizing our vision of a more secure and efficient L2 solution. By combining Move's built-in security advantages with Ethereum's network effects, Movement Network is enhancing Ethereum with next-generation smart contract capabilities.
More research: Binance Research
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