Original Source: Movement Network Foundation
Movement Network Foundation is very pleased to announce the launch of the public mainnet Beta version
Now, Movement Network supports permissionless application deployment and user onboarding for the first time, allowing you to build freely on Movement.
The launch of the public mainnet Beta version marks the completion of the initial phase of Movement Network, and we will continue to roll out more features.
What is Movement?
Movement is a secure and scalable Move-based blockchain protected by Ethereum and cryptoeconomics, built to create a safer execution environment through Move (a language similar to Aptos).
Its advanced architecture and transaction lifecycle can be described as follows:
Movement Advanced Architecture and Transaction Lifecycle
Execution
Movement uses the Move Virtual Machine (MoveVM) as its execution layer. Utilizing BlockSTM's MoveVM forms a powerful execution engine capable of theoretically achieving over 160,000 TPS.
Data Availability and Ordering
Movement's main nodes batch process and store transactions, providing partial transaction ordering. Subsequently, Celestia assists in completing the final transaction ordering for Movement. In the future, Movement's transactions will be ordered through decentralized orderers.
Settlement
Transaction blocks are anchored to Ethereum, making Movement the only Move-based blockchain that settles to Ethereum. Proof of block state is submitted to Ethereum as part of Movement's post-confirmation, which is also part of the network's upcoming rapid finality settlement mechanism. Additionally, the confirmation layer will enable Movement to achieve transaction confirmation within seconds.
Gas Token
MOVE is the native gas token of Movement Network.
Move
The Move language, developed by Meta, introduces a resource-oriented programming paradigm. It provides developers with the domain-specific primitives needed to write secure smart contracts, as well as the Move Prover tool. Move Prover offers developers the capability for formal verification.
Building on Movement
Developers can now deploy smart contracts without approval. Users can now utilize Movement.
To prevent Sybil attacks and abuse, ensuring the security and stability of the system, rate limiting will be implemented at the endpoints.
Bridging
Movement's official bridge is now live.
Powered by LayerZero, this bridge serves as the official entry and exit point for Movement Network.
You can bridge MOVE between Movement and Ethereum. Other supported assets include: USDT, USDC, WETH, and WBTC. For a period after launch, users will not be able to bridge MOVE back to Ethereum, but this limitation is only temporary.
Initially, there will be a maximum waiting period of 3 days for bridging assets from Movement to Ethereum. There is no waiting period for bridging from Ethereum to Movement.
To minimize potential losses in the event of an exploit, the cross-chain bridge has set limits on the total amount of MOVE that can be transferred daily:
Day 1: 75 million MOVE
Thereafter daily: 25 million MOVE
Overview of Movement Ecosystem on Day One
Many applications have already been deployed on Movement, with more applications being rolled out. Here are some of the numerous activities you can now engage in on-chain:
Bridge MOVE using the official bridge
Stake MOVE on Thunderhead, Meridian, or Movernance
Buy NFTs or mint a collectible on Tradeport
Deposit assets into Canopy for yield
Borrow and lend on MovePosition or Echelon
Issue tokens on move.fun or warpgate.fun
Launch AI agents on DeAgentAI or interact with agents on RNDM
Mint AI art NFTs or upload models on CoScription
Make predictions on BRKT
Movement Wallets: Nightly, OKX, Razor
These are just a portion of the many teams that have launched on Movement. Starting today, look forward to a continuous stream of new application announcements, explanations, and video demonstrations.
Additionally, visit our ecosystem page for an overview of Movement applications.
Enhanced Liquidity
The Cornucopia program will provide enhanced liquidity for Movement Network. With over $200 million flowing into the program's treasury and ultimately into Movement, our ecosystem will receive an early injection of BTC, ETH, MOVE, and stablecoin assets.
To learn more about Cornucopia, read the blog.
Developer Documentation and Support
Roadmap
Over time, Movement Network will continuously add groundbreaking new features. The network's rapid finality mechanism is set to launch soon. Additionally, other features are in development, including decentralized shared orderers.
Welcome to Movement
We are excited to see many talented Movement teams starting to deploy!
We look forward to your use and experience of Movement!
For more information, please visit our documentation.
See you on-chain.
This document is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase tokens. You should not rely on the contents of this document as any form of advice, including legal, investment, financial, tax, or other professional advice, and it cannot replace the advice of qualified professionals or your own research. This document contains hypothetical, forward-looking, and/or predictive data, which are approximations, not guaranteed, and may change; actual data may vary. The MOVEMENT NETWORK Foundation and its subsidiaries make no representations or warranties, express or implied, regarding the completeness, reliability, validity, or accuracy of this information. Any information in this document is subject to change without notice.
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