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Movement Labs: 'Facebook's MOVE Will Bring Billions of Users to Crypto' - Rushi Manche
Episode Summary
We were joined by Rushi Manche, co-founder of Movement Labs, to discuss the rise of modern VMs and how Move-VM aims to offset Ethereum’s shortcomings through parallelisation.
Episode Notes
Classical, monolithic blockchains are inherently limited in their throughput due to their single-thread execution architecture. Modern VMs attempt to solve this issue through parallelisation being implemented from the get-go. Movement Labs employs the Move-VM to build a ZK L2 rollups on Ethereum, thus also deriving its security. Through parallel execution threads, Movement achieves a theoretical TPS of 160,000 while also ensuring sub-cent transaction fees.
Topics covered in this episode:
- Impressions from ETH Denver
- Rushi’s background
- Move vs. Solidity
- EVM compatibility
- Parallelisation vs. intent-based transactions
- Security and parallel state transitions
- Transitioning from EVM to newer VMs
- Berachain’s approach to EVM-compatibility
- Movement Labs’ tech stack
- Decentralising the sequencer
- Movement’s M1 and M2 chains
- Celestia DA and the Dencun upgrade
- Restaking
- Bitcoin L2s
- IBC-compatibility and USDC on Movement
- Ethereum x Cosmos convergence
- dApps on Move
Episode links:
Sponsors:
- Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io
- Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one
This episode is hosted by Sebastien Couture & Friederike Ernst.