(This article is reprinted from Wu Shuo Blockchain. The author is Wu Shuo. The original title is "Dialogue with Movement Chain Lianchuang: The first Ethereum Move EVM L2 solution received investment from Binance and OKX")

In this podcast episode, we discuss parallel execution technology and the development of Movement Chain with Rushi, co-founder of Movement Chain. Rushi has an engineering background and extensive experience in cryptography and traditional Web2. He shared the latest progress and future plans about Movement Chain. Movement Chain brings higher security and throughput to the Ethereum ecosystem by using the Move language and parallel execution technology. The team is committed to driving the adoption and development of Movement Chain through a transparent incentive plan and extensive community interaction.

Introducing Rushi and Movement Chain

I am one of the co-founders of Movement Labs and a core contributor to the Move It Foundation and Movement Chain. My background is in engineering, and before entering the cryptocurrency space, I worked in the traditional Web2 industry for 8 years, primarily working on distributed systems and cryptography. I worked for a health insurance company and was responsible for large-scale database management from on-premises databases to cloud architectures. I was still in college when I learned that Facebook was developing a new programming language called Move, and started building apps on Move. My co-founder and I each built the first app on the App Store, and then we launched the Movement project after the FTX incident.

Movement is the first Ethereum Move EVM Layer2 solution and is a Move virtual machine that is fully compatible with EVM. Similar to Solana's Solang and Neon, we built Fractal, an EVM interpreter that runs on Move. Any Solidity code can be run and fully compiled into Move bytecode to start the virtual machine. This way you have the same parallelization capabilities as Aptos and Sui, and we make it EVM compatible.

How is parallel EVM implemented?

We built Fractal, an EVM interpreter that runs on Move. Solana has Solang and Neon, and we built Fractal, which is built into the Move EVM. Therefore, any Solidity code can be run and fully compiled into Move bytecode to start the virtual machine. This way you have the same parallelization capabilities as Aptos and Sui, and we make it EVM compatible.

Move was chosen because it is the fastest and secure language

We support Move and EVM. We also support Solidity and any EVM application, but we chose to build with Move because we needed high throughput and greater security. Aptos, Sui, and Facebook developed Move to be the most secure programming language. Billions of dollars in smart contracts are hacked every year, and Move is designed to improve security by preventing most common smart contract attack vectors. Major hacking attacks like Curve, Kyber, and The DAO are impossible to occur in Move because it incorporates formal verification by design. Therefore, Move is the fastest and safest language. At the same time, we also support EVM and can support EVM and Move for consumer and high-throughput level applications.

If you look at Solana, it took four years to really come into its own. Move is still in its early stages and will take some time to get wallets, infrastructure, applications and developers on board. Our approach is to bring EVM developers to Movement while attracting new developers. As developers work on Movement, they find that Move is faster and safer, and therefore learn Move. If they don't want to learn Move, we also support EVM. We appeal to Move developers and EVM developers by being EVM compatible and providing high-throughput parallel EVM.

Technical advantages compared to Optimistic Rollup and ZK Rollup

There are currently three main types of Rollups: Optimistic Rollups (such as Arbitrum and Optimism), ZK Rollups (such as ZK Sync, Tyco, Scroll), and next-generation Rollups, such as Movement. Eclipse and other projects are also developing this type of technology. We are focused on bringing high-throughput execution capabilities to Ethereum. Our fees are lower compared to zkSync and Optimism. These chains can only handle a maximum of 100 transactions per second because they use a single-threaded virtual machine. Move is multi-threaded and brings parallelization, we are able to achieve throughput of tens of thousands of transactions per second on Ethereum, providing efficient execution.

The popularity of meme coins and Movement’s strategy

We've seen some Meme coins on the devnet, and some of them have gone up 40% just using devnet gas fees. But I think Meme coins are currently mainly popular on Solana because of the low fees and better transaction experience. There is no real meme currency culture on Base, Arbitrum, Optimism because these chains are too slow for transactions to function properly. Movement is able to support high-throughput execution, so we may become the hub for meme coins. Our team itself is also very concerned about Meme coins and trading culture.

Western users are more focused on the hype because celebrities like Elon Musk and other people are doing meme coins, while Eastern culture is more focused on the actual trading culture, such as Ordinals where Bitcoin is rooted. I think the West is more focused on hype and celebrity, but also some deals. We’ll have to see how the market changes and see if Meme coins can sustain.

User base and regional preferences

Our largest communities are actually in East Asia, including Indonesia and South Korea, where we have a lot of users. Vietnam is also an important part of our community. Additionally, we also have a large community in Africa, such as the Movement community in Ghana and Nigeria, where we see a lot of user and community activity. Latin America is also an important market for us. So, our user base is not limited to East Asia, but also includes Africa and Latin America, which have a strong influence on us.

New ideas on airdrop distribution and preventing abuse

We currently have a few ideas. One of the really interesting ideas is what we call a gmove campaign, where we will start a points program. For example, whoever posts the most gmove tweets on Twitter will be tracked and rewarded. We are also working with some community members to see what other interesting ideas we can implement. Unlike other Layer 0 and ZK projects, we want to make the airdrop standards very transparent. Because many projects do not have clear airdrop standards, users have high expectations for airdrops, but are ultimately disappointed. We plan to make it clear to users how much rewards they can get for completing tasks, earning points, or services. We hope to increase user satisfaction and make the entire process more gamified through more transparent airdrop criteria and leaderboards.

We prioritize users who organize community meetups, such as Movement communities in Nigeria, Ghana, and Indonesia. If you organize meet-ups and community events, you will be prioritized. If you're building apps, tweeting about Move, or actually using our platform, you'll also be prioritized. In this way, we hope to prevent airdrops from being abused and ensure that users who truly contribute and support the community are rewarded. We can prevent abuse through things like Discord and Twitter validation, and by ensuring that the apps we build have a complete front end and aren't just spam submissions. We want to prioritize core users and community members over airdrop farmers.

Move is the only framework that blocks hackers in real time

At the Layer 1 level, there are projects like Monad doing parallel EVM. Our approach is that as a Layer 2 of Ethereum, you will have the liquidity, security and decentralization of Ethereum. Second, we focus on Move as a parallel engine, which is not just a parallel EVM. The Move language and Move’s security principles will be brought to Ethereum. Billions of dollars in smart contracts are hacked every year, and Move is the only framework capable of blocking these attacks in real time, acting like a cryptocurrency firewall.

What types of applications do you think can accelerate the adoption of parallel execution?

I think consumer applications that are entirely on-chain, such as transactions, competitions, and social applications will be key use cases. We’re particularly excited about Bracket, a completely on-chain competition platform that allows you to play basketball, March Madness games, sports, etc., completely on-chain without the need for a centralized database. We see games and competitions entirely on-chain being key use cases. We are also launching a decentralized GPU partnership to be announced in the coming weeks. Decentralized AI and parallel execution make computation between nodes easier while also facilitating social and gaming applications on the chain.

Which application is more likely to become the killer application on the chain?

I think it's a consumer application. For example, DeFi doesn’t need that high throughput. If you are using a lending market, just choose Aave to run on Ethereum. But if you're doing an order book that's entirely on-chain, or a game that's entirely on-chain, and transactions require high throughput and low latency, then parallel execution is very important.

Any upcoming events at Movement?

We will launch the testnet in two weeks, around mid-July. The mainnet is planned to go online in the third or fourth quarter of this year. We will also be presenting and discussing at important events such as KBW (Korea Blockchain Week) and Token 2049. If you are at any of these events, you can contact us.

Users can use the testnet and experience our native projects that have raised capital to a total value of over $50 million to $60 million. Our goal is to create a vibrant DeFi ecosystem that encompasses critical DeFi applications as well as consumer applications. We take community very seriously and have built a large community of Movement Gorillas and organize meetups around the world. If you are interested in our projects, please feel free to contact us.

This article, an in-depth analysis of Movement Chain: the first EVM L2 based on MOVE language on Ethereum, first appeared on Chain News ABMedia.