MultiversX Tracker is Live!

How Movement is revolutionizing DeFi's scalability and security on Ethereum with Move.

All Cryptocurrencies

by COINS NEWS 4 Views

Movement contributes to the scalability and security of DeFi applications on Ethereum through a number of technical and architectural innovations, primarily by integrating the Move programming language and its virtual machine (MoveVM) with Ethereum's liquidity and ecosystem.

Here are Movement's main contributions to the scalability and security of DeFi applications on Ethereum:

Enhanced Security with Move:

  • Resource-Oriented Programming: The Move language uses a resource-oriented programming model, where digital assets are managed as resources with strict rules about their creation and transfer. This significantly reduces common vulnerabilities in Solidity, such as re-entry, overflows, and underflows.
  • Formal Verification: Move includes Move Prover, a formal verification tool that mathematically analyzes code to ensure correctness and detect vulnerabilities before execution. This process provides a higher level of security than Solidity, where vulnerabilities are common and have resulted in billions of dollars in losses.
  • Common Attack Prevention: Move is designed to inherently prevent common attacks on Solidity, providing an additional layer of security for DeFi applications.

Escalabilidad a Través de la Paralelización:

  • Block-STM Engine: The MoveVM implements Block-STM, a parallel execution engine that allows multiple transactions to be processed simultaneously. This results in higher throughput and scalability, reaching up to 180,000 TPS, compared to the limitations of the EVM. The ability to execute transactions in parallel is crucial for DeFi applications that require high throughput and low latency.
  • App-Specific Rollups: Movement allows the creation of application-specific rollups, isolating the transactions of one application from others on the network. This avoids congestion and bottlenecks, allowing high-activity DeFi applications (such as gaming and trading) to operate without affecting the performance of other applications on the same network.

Interoperability and Liquidity:

  • EVM support - Movement offers EVM support through the Fractal interpreter, allowing developers to deploy existing Solidity contracts on MoveVM. This makes it easy to migrate Ethereum DeFi applications to Movement without rewriting code, preserving the original logic and functionality and leveraging Move's security. In addition, Movement connects the MoveVM and Ethereum ecosystems, allowing applications to run on multiple blockchains.
  • Liquidity Access: Movement enables DeFi applications to access liquidity in both Ethereum and the Move ecosystem. By connecting to these two worlds, DeFi apps can take advantage of existing liquidity in Ethereum, while benefiting from the security and performance of Move.
  • Secure Bridges: Movement uses an Ethereum JSON RPC endpoint to process EVM requests and convert them into MoveVM-compliant calls, eliminating the need for third-party bridges and their associated vulnerabilities.

Modular and Customizable Infrastructure:

  • Move Stack: Movement uses a modular architecture called Move Stack that allows developers to choose the most appropriate components for their applications, such as sequencers, data availability and settlement mechanisms. This modularity allows developers to optimize the performance, cost and security of their DeFi applications.
  • Decentralized Shared Sequencer (DSS): Movement uses a shared decentralized sequencer that improves censorship resistance and reliability. The DSS facilitates atomic transactions between chains and shared liquidity between rollups, improving the efficiency and security of the ecosystem.

Examples of DeFi applications in Movement:

  • VCRED: An AI-enhanced liquidity management platform, uses Movement to increase capital efficiency by up to 160x. VCRED leverages the security of Move and the scalability of Movement to optimize staking strategies and deliver better returns.
  • Meridian and Echelon: Lending protocols that have raised capital and are building in the Movement ecosystem.
  • Raga Finance: A platform for managing assets in a multi-chain world, offering native yields and secure transactions.

Movement not only provides a more secure environment for DeFi applications through the Move language, but also improves scalability through parallelization and modular architecture. The combination of security, performance and EVM compatibility make Movement a promising solution to drive growth and innovation in the DeFi space on Ethereum.

submitted by /u/NoahCJ
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments