What is Coin Movement (MOVE)?

Bittime - Have you ever imagined a blockchain network that could combine high speed, security, and flexibility? 

Movement Network answers this challenge by presenting a blockchain-based ecosystem Move which is specifically designed to provide innovative solutions in the world of blockchain technology. 

Built by Movement Labs, Movement Network offers unmatched performance, with transaction per second Very high (TPS), instant finality and immediate access to mass liquidity from the start.

Why Should You Move?

Move, a programming language developed by Meta (formerly Facebook) for the Diem project, is the main foundation of the Movement Network. 

Move was designed with a focus on security and asset ownership, two things that are very crucial in the blockchain world. 

In contrast to many other blockchain programming languages, Move puts concepts first resource to represent assets managed by smart contracts, allowing developers to create applications that are more secure and protected from potential errors.

Technically, Move provides huge advantages in terms of data storage and transaction parallelization. In Move-based networks, data is stored at a global address or in the owner's account where it can always be accessed securely. 

This is very different from Solana or EVM which store data in accounts connected to smart contracts. 

Move also excels in parallelization, where it is able to identify and process transactions efficiently, reducing bottlenecks that often occur in other blockchain networks.

However, what is most interesting is how Move guarantees transaction security. Every transaction on the Move network is protected with a sequence number that ensures its uniqueness and security. 

There is no room for changes in the order of transactions that could cause security issues.

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Movement Network: The Bridge Between Move and EVM

Movement Network is the first Move-based Layer-2 built for Ethereum. This is a major effort to bridge two large ecosystems in the blockchain world: Move and Ethereum Virtual Machine (EVM). 

By leveraging Move's capabilities, Movement Network enables developers to create high-performance blockchain applications, yet maintain interoperability with the established Ethereum network.

The main advantage of Movement Network is that it is easy for developers to launch VM rollups Move-based, which allows them to create blockchain applications that can operate on top of the Ethereum network. 

This makes it an attractive option for developers who want to take advantage of Move's advantages while remaining within the Ethereum ecosystem.

Support from Famous Investors

Movement Labs has support from several large investors, such as Polychain Capital, Binance Labs, Hack VC, Placeholder, and Archetype. 

With this support, Movement Network has the potential to revolutionize blockchain interoperability and pave the way for Move technology to develop further in the Web3 world.

What is MOVE Coin?

MOVE Coin is a utility token that functions as a means of transactions, staking, and paying gas fees within the Movement network. 

This token also gives its holders the right to participate in decision-making regarding network development, ensuring that the community becomes an integral part of the project.

MOVE tokens are distributed on a community-based model, where 60% of the total token supply is allocated to community and ecosystem initiatives. 

The remainder is divided between initial supporters, contributors and operations of the Movement Network foundation.

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The Future of Movement Network and MOVE

With the launch of the MOVE token, Movement Network is poised to change the way we view and build blockchain applications. 

With Move's advanced technology, developers now have more secure, efficient, and flexible tools for creating applications that operate on top of the Ethereum network and other blockchains. 

Looking ahead, Movement Network and the MOVE coin are poised to play an important role in advancing the ever-growing Web3 ecosystem.

FAQ Movement (MOVE)

What is MOVE Coin?

MOVE Coin is a utility token on the Movement Network, used for transactions, staking, paying gas fees, and participation in network governance.

How to get MOVE Coins?

MOVE can be earned through staking, purchasing on exchanges, or participating in community programs supported by Movement Network.

What are the benefits of using Movement Network?

Movement Network offers fast transactions, high security, and interoperability between Move and Ethereum, providing flexibility for developers.

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Reference

Coin Market Cap, About Move, accessed December 10, 2024.

Movement Network, Introduction to Move, accessed December 10, 2024.

Author: MF