In this episode, we discuss parallel execution technology and the development of Movement Chain with its co-founder, Rushi. With an engineering background and extensive experience in both crypto and traditional Web2 sectors, Rushi shares the latest updates and future plans for Movement Chain. By adopting the Move language and parallel execution technology, Movement Chain brings enhanced security and throughput to the Ethereum ecosystem. The team is dedicated to promoting the adoption and growth of Movement Chain through transparent incentive programs and broad community engagement.

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Introduction to Rushi and Movement Chain

I am one of the co-founders of Movement Labs and a core contributor to the Move It Foundation and its chain. My background is in engineering, and before entering the crypto space, I spent eight years in the traditional Web2 industry, mainly working on distributed systems and cryptography. I used to work for health insurance companies, managing large-scale databases from on-premises to cloud architectures. When I was in college, I read about Facebook developing a new programming language called Move and started building applications with it. My co-founder and I built the first application on App Store, and after the FTX incident, we launched the Movement project.

Movement is the first Move EVM Layer 2 solution on Ethereum, featuring a fully EVM-compatible Move virtual machine. Similar to Solana’s Solang and Neon, we built Fractal, an EVM interpreter running on Move. Any Solidity code can run on it, fully compiling to Move bytecode and launching the VM. This way, you get the same parallelization capabilities as Aptos and Sui, and we made it compatible with EVM.

How Parallel EVM Is Implemented

We built Fractal, an EVM interpreter running on Move. Solana has Solang and Neon, and we built Fractal, which is integrated into the Move EVM. Therefore, any Solidity code can run, fully compiling to Move bytecode and launching the VM. This way, you get the same parallelization capabilities as Aptos and Sui, and we made it compatible with EVM.

Choosing Move for Its Speed and Security

We support both Move and EVM. We also support Solidity and any EVM applications, but we chose to build with Move because we need high throughput and increased security. Aptos, Sui, and Facebook developed Move to be the most secure programming language. Each year, billions of dollars are lost to smart contract hacks, but Move was designed to prevent most common attack vectors, enhancing security. Major hacks like those on Curve, Kyber, and The DAO are impossible in Move because it includes formal verification from the ground up. Thus, Move is the fastest and most secure language. At the same time, we support EVM to cater to consumer and high-throughput applications.

Looking at Solana, it took four years to truly stand out. Move is still in its early stages and needs time for wallets, infrastructure, applications, and developers to join. Our approach is to bring EVM developers to Movement while also attracting new developers. When developers work on Movement, they will find that Move is faster and more secure, so they will learn Move. If they don’t want to learn Move, we still support EVM. We attract both Move and EVM developers by offering EVM compatibility and high-throughput parallel EVM.

Technical Advantages Compared to Optimistic Rollup and ZK Rollup

There are three main types of rollups: Optimistic Rollups (such as Arbitrum and Optimism), ZK Rollups (such as ZK Sync, Tyco, and Scroll), and next-generation rollups like Movement. Eclipse and a few other projects are also working on this type of technology. We focus on bringing high-throughput execution to Ethereum. Compared to zkSync and Optimism, our costs are lower. These chains can only handle up to 100 transactions per second because they use single-threaded virtual machines. Move is multi-threaded and brings parallelization, allowing us to achieve tens of thousands of TPS on Ethereum, providing efficient execution.

The Popularity of Meme Coins and Movement’s Strategy

We have already seen some meme coins on our development network, with some coins increasing by 40%, just using the development network’s gas fees. However, I believe meme coins are currently more popular on Solana because of its low fees and better trading experience. Base, Arbitrum, and Optimism do not have a real meme coin culture because these chains are too slow and transactions cannot run properly. Movement supports high-throughput execution, so we may become the hub for meme coins. Our team is also very focused on meme coins and trading culture.

Western users are more focused on hype because celebrities like Elon Musk are involved in meme coins, while Eastern culture is more focused on actual trading culture, such as Bitcoin roots like Ordinals. I think the West is more focused on hype and celebrities, while also having some trading. We need to see how the market evolves and whether meme coins can sustain their popularity.

User Base and Regional Preferences

Our largest community is actually in East Asia, including Indonesia, Taiwan, and South Korea, where we have many users. Vietnam is also a significant part of our community. Additionally, we have a large community in Africa, such as the Movement community in Ghana and Nigeria, where we have seen many users and community activities. Latin America is also an important market for us. So, our user base is not just limited to East Asia but also includes Africa and Latin America, which have a significant impact on us.

New Ideas for Airdrop Distribution and Abuse Prevention

We currently have several ideas. One particularly interesting idea is what we call the G Move campaign, where we will launch a points program. For example, we will track and reward those who post the most G Move tweets on Twitter. We are also working with some community members to see what other interesting ideas we can implement. Unlike other Layer 0 and ZK projects, we want to make the airdrop standards very transparent. Many projects have unclear airdrop standards, leading to high user expectations and eventual disappointment. We plan to make it clear to users what tasks to complete, what points to earn, or what services to provide to qualify for certain rewards. We hope to improve user satisfaction through more transparent airdrop standards and leaderboards, making the process more gamified.

We prioritize users who organize community meetups, such as the Movement communities in Nigeria, Ghana, and Indonesia. If you organize meetups and community activities, you will be given priority. If you build applications, post Move-related tweets, or genuinely use our platform, you will also be prioritized. We want to prevent airdrop abuse and ensure that rewards go to users who truly contribute and support the community. By using Discord and Twitter verification and ensuring that applications have complete front ends and are not just spammy GitHub commits, we can prevent abuse. We prioritize core users and community members over airdrop farmers.

Move as the Only Framework Capable of Real-Time Hack Prevention

At the Layer 1 level, there are projects like Monad that are doing parallel EVM. Our approach is to be an Ethereum Layer 2, providing Ethereum’s liquidity, security, and decentralization. Additionally, we focus on using Move as the parallelization engine, which is not just parallel EVM. Move language and its security principles will be introduced to Ethereum. Each year, billions of dollars are lost to smart contract hacks, but Move is the only framework capable of real-time hack prevention, acting like a firewall for crypto.

Which Applications Could Accelerate the Adoption of Parallel Execution?

I believe fully on-chain consumer applications, such as trading, competitions, and social apps, will be key use cases. We are particularly excited about Bracket, a fully on-chain competition platform where you can conduct basketball, March Madness competitions, and sports betting entirely on-chain without using a centralized database. We see fully on-chain gaming and competitions as key use cases. We will also announce a decentralized GPU partnership in the coming weeks. Decentralized AI and parallel execution make computation between nodes easier and also help with on-chain social and gaming applications.

Which Applications are Most Likely to Become Killer Apps on the Blockchain?

I believe it will be consumer-focused applications. For example, DeFi does not need such high throughput. If you are using a lending market, Aave on Ethereum works just fine. But if you are building a fully on-chain order book or a fully on-chain game, where transactions need high throughput and low latency, parallel execution is very important.

Upcoming Activities for Movement

We will launch the testnet in two weeks, around mid-July. The mainnet is planned to go live in Q3 or Q4 this year. We will also present and discuss at some key events like KBW (Korea Blockchain Week) and Token 2049. If you are attending these events, feel free to reach out to us.

Users can use the testnet and experience our native projects that have already raised capital, with a total value of over $50–60 million. Our goal is to create a vibrant DeFi ecosystem, including key DeFi applications and consumer apps. We highly value our community and have built a large Movement Gorillas community, organizing meetups worldwide. If you are interested in our project, please feel free to contact us.

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