Welcome to another week of interesting information about technological projects in blockchain!
This time it is Movement Labs, its integration as a chain added to @Polygon Agglayer, provides remarkable liquidity and the important support of #Binance ($BNB ) Labs in the mission of promoting Move global.
Movement Labs brings its MoveVM development to integrate Agglayer from Polygon - $MATIC in a great effort towards interoperability for layers 2 built in MoveVM.
Movement Labs the modular blockchain network based on Move language, has as a mission to take advantage of the use of language in any environment and make it available to the entire modular ecosystem globally. 🌎
He has also pointed out on his road map the development of tools, frames and open source protocols, to grow Move language.
Among Movement Labs's objectives are:
🟡 Simplify the development of safe intelligent contracts
🟡 DAPPS implementation in multiple layer 1 networks and layer 2 with MoveVM, which is in the test stage.
MoveVM is the version of the #Ethereum✅ Virtual Machine - $ETH in Move, to execute intelligent contracts in the Move language, focusing on the safety and efficiency of digital asset management.
Outstanding fact: The Move language was originally developed by Facebook for the Libra project, which is currently called Diem.
Movement Labs values
Values are a clear sample of its commitment to blockchain technology and the ability to unite different ecosystems; Let's see what it consists of.
🟡 Innovation: MoveVM A new development for Blockchain security
🟡 Security: it is important to minimize vulnerability and ensure digital assets in the chain
🟡 Interoperability: Integration with AggLayer, facilitates access with other blockchains such as Ethereum
🟡 Collaboration: to join efforts with other technological projects and achieve its objectives.
In Movement Labs the builders grow!
What does Movement Labs contribute to Polygon Agglayer?
Movement provides $160 million TVL (total blocked volume) a significant shared liquidity figure.
This point is very important for AggLayer and the chain ecosystem added in Polygon. Recall that the chain added in Agglayer share liquidity, users and state as if it were a single chain, with a better experience for the user and reinforces the security to unify the Web3 ecosystem and overcome the scalability limitations.
The collaboration is another relevant point, when integrated as aggregate chain and support layer 2 developments built in Move, such as Sui Move and Aptos Move.
Sui and Aptos Move help connect different ecosystems. Then a picture that compares the execution times of Sui and Aptos highlighting the benefits of Move.
Movement Labs's mission is backed by the Binance Labs giant
Binance Labs has an incubation and risk capital program, has made the decision to invest in Movement Labs to provide Ethereum, security and parallelization of intelligent contracts. Binance support strengthens the mission of Move's global expansion.
Let's see how Binance's collaboration can boost the growth of Movement Labs
🟡 More adoption: Binance's support and AggLayer integration can accelerate the adoption of Movement Labs, with the increase in use by developers and users
🟡 Technological innovation: collaboration between Movement and Polygon gives way to the creation of new technological projects in blockchain
🟡 Market confidence: Binance support the largest exchange generates confidence in users by increasing investors' interest to participate in the project.
Binance investment in Movement promotes the construction and adoption of new projects and cryptocurrencies in the blockchain industry.
@EnsarEsen is pleased to welcome Movement Labs, the Polygon community.
#PolygonHub supports the expansion of the Polygon ecosystem, with the participation of social miners, we disseminate information from innovative technological projects through the #SocialMining system.
We are here to help expand the knowledge of the work of the projects in Polygon and connect with a community of passionate social miners.
My publications are informative, they are not financial advice, always DYOR.
