<img src="https://crypto.news/app/uploads/2023/11/crypto-news-Movement-Labs-announces-M202.webp” />
Movement Labs, a team that creates tools and infrastructure to improve security and efficiency on blockchains, has revealed plans to launch M2, a Layer 2 rollup for ethereum that incorporates the Move Virtual Machine (Move VM).
According to a press release shared with crypto.news, the advanced interoperability project aims to unlock new features for developers building on ethereum by leveraging Celestia’s modular data availability infrastructure via Blobstream and modular stack.
Solidity projects can be launched on M2 without writing Move code, thanks to Movement’s Fractal module. Converts Solidity scripts into opcode that next-generation virtual machines, like Move, can understand, providing improved performance and security.
Move VM originated from Meta (formerly Facebook) as a coding language optimized for security and efficiency. By implementing it as a rollup on top of ethereum‘s highly decentralized base layer, Movement Labs believes a foundation emerges that combines the best of both worlds.
According to the team, the M2 core network incorporates Celestia for data availability, Snowman for shared sequencing, and Move Virtual Machine for execution, increasing processing speeds to over 145,000 TPS.
Specifically, Celestia’s custom “Blobstream” technology will enable Movement rollup to achieve throughput speeds in excess of 145,000 transactions per second (TPS). This exponentially higher capacity compared to ethereum, around 15 TPS at its optimal level, paves the way for consumer applications with global reach.
The modular “Lego block” style setup also streamlines adoption of existing ethereum projects through solidity script transitions. Teams can migrate to take advantage of Move’s advanced features without extensive rewrites. This building approach aims to merge communities.
Movement Labs co-founder Rushi Manche emphasizes that the architectural choice allows for more comprehensive interoperability and long-term tool accessibility in web3. Manche and his team envision Move becoming a cornerstone of blockchains, in the same way that Linux spearheaded open source software development through collaborative networking.
Powering the expansion of ethereum with a versatile design, scalability at negligible costs, and top-notch security audits, the M2 cumulative mainnet manifests Movement Labs’ ethos around accessibility and performance-enhancing standardization.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
