Movement: everything you need to know about MOVE
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Movement facts
Abbreviation
MOVE
Category
Blockchain infrastructure
Founder(s)
Rushi Manche and Cooper Scanlon
Blockchain
Movement Network
Protocol
Move-rollup
Launch date
November 2024
Links
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What is Movement?
Movement is a blockchain project focused on building infrastructure with the Move programming language. Movement is working on a technical foundation on which multiple blockchains and applications can run.
Move is a programming language designed with safety in mind. The language was originally developed for Meta’s Diem project and is known for preventing common mistakes in smart contracts, such as accidentally duplicating or losing tokens.
The goal of Movement is to provide developers with an alternative to existing smart contract platforms, with greater emphasis on security, predictability and interoperability. By enabling Move-based networks to collaborate more effectively with existing blockchains, Movement seeks to bridge new infrastructure and existing ecosystems.
How does Movement work?
Movement consists of a set of building blocks that can be used to set up blockchains leveraging the Move Virtual Machine. These chains can run as standalone networks but are designed to communicate with each other and integrate with existing ecosystems, such as Ethereum.
For developers, this means they can build applications with Move while still tapping into existing liquidity, tooling and users of other blockchains. For users, this setup largely remains in the background: interactions occur through familiar wallets and interfaces, while the infrastructure handles execution and security.
The MOVE token
MOVE is the token that belongs to the Movement ecosystem. The token plays a role within the network and is intended for, among other things:
- network fees
- incentives within the ecosystem
- participation in governance
MOVE is not an application token, but an infrastructure token meant to keep the network and the associated blockchains running.
The technology behind Movement
The core of Movement is the Move-VM, a smart contract environment designed to prevent common errors such as unwanted token duplication or unintended asset transfers. Within Move, assets are treated as programming objects with strict rules, which contributes to safety and predictability.
Movement builds on this with an infrastructure that makes it possible to configure Move-based blockchains in various ways. Depending on the use case, networks can be tuned for aspects such as speed, cost or security. For developers, this means they are not tied to one fixed blockchain design but can build a network that better fits their specific use case.
Status of the Movement network
Movement is still in an active development phase. Not all parts of the infrastructure are fully live on mainnet yet. The project is gradually working on rolling out various Move-based networks and associated tooling.
This means that some features and integrations are still in a testing or early production phase. The focus is currently on building a solid technical foundation before the ecosystem is opened up more broadly.
The Movement ecosystem
The Movement ecosystem focuses mainly on:
- Move-based blockchains
- Infrastructure for developers
- Integrations with existing networks
- Applications where security and predictability are important
The emphasis is less on one specific application and more on providing a technical foundation on which others can build.
€0.0145▼5.55%
Benefits of Movement
- Built with Move: uses a programming language known for its focus on secure smart contracts
- Strong emphasis on security: designed to better prevent common errors in smart contracts
- Focused on interoperability: wants to be able to work well with other networks and ecosystems
Disadvantages of Movement
- Ecosystem still under construction: apps, users and liquidity still need to develop further
- Less visible to end users: the technology focuses heavily on infrastructure, making the project feel less tangible to ordinary users
Who are the founders of Movement?
Movement is being developed by Movement Labs, founded by Rushi Manche and Cooper Scanlon.
Movement price in the last 24 hours
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€0.0153
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Market information
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€10.6 million
€53.5 million
3.7 billion
€1.3700
Movement Return On Investment
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Historical Movement price
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Frequently asked questions
Movement doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of Movement is €0.0145.
You can easily buy Movement on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with Movement and your other favorite coins.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in MOVE. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.
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