Industry insiders may have noticed that Move ecology has been favorable recently. In the face of the current DeFi scene with frequent vulnerabilities, Move focuses on security and captures a major pain point of users, so Move ecology is performing very eye-catching in the investment market with a clear trend of explosion.
First, a group of DeFi applications developed using Move went live on the Starcoin public chain, Starswap, Kikoswap, FAI, etc., achieving a big breakthrough in the Move ecology. Soon the news reported that the new Move public chain Aptos raised $200 million, valuing it at up to $2 billion. Recently, the Move ecology once again received good news, as the famous investment institution a16z (Andreessen Horowitz) led a $36 million investment in the new Move public chain Sui. Under the heat of investment, let’s take stock of the current overall situation of Move ecology.
Smart Contract Language in the Web 3.0 Era
Only by building a solid foundation can we build a skyscraper of Web3.0. Move is a smart contract language especially tailored for Web3.0 by the Diem team, with solid security.
In the era of Web3.0, everything is open and transparent, and the assets on the chain are like the works displayed in the gallery, which need excellent security as the underlying guarantee. If security is neglected, especially in the DeFi space, it will lead to the collective theft of users’ assets with unimaginable consequences. But in the computer field, the bar for security has always been high. “How to improve the security of smart contracts” is a major problem that plagues the whole industry.
Move is a smart contract language designed specifically to solve this pain point, by introducing a resource-oriented programming paradigm, to significantly reduce the security threshold for developers.
Take stock of the Move ecological public chain
Move is the best smart contract language in the Web 3.0 era up to now, as it owns the data of the user and has the security that other smart contract languages cannot match.
Public chains and smart contract languages are like water and fish. Smart contracts depend on public chains to survive, and public chains depend on smart contracts to stay alive. Let’s take a look at what public chains are in the Move ecosystem.
- Diem, the first semi-open network public chain that uses Move as its smart contract language
- Starcoin, the first Web3.0 infrastructure built with Move, the main network has been running stably for one year
- Pontem, the parallel chain of Polkadot based on Move, is currently in the test network stage
- Aptos and Sui are both new public chains established by the original Diem team members, currently in the development stage
- Flow, Near, and other public chains have also announced that they will support Move
Among these public chains, Starcoin is the most mature and already has rich ecological applications. So here is a brief comparison with the latest two public chains, Aptos and Sui, based on Starcoin, to further grasp the overall layout of the Move ecosystem.
- Starcoin, enhanced PoW consensus, consistent with Bitcoin and Ethereum 1.0
- Aptos, an improved BFT consensus based on the Hotstuff algorithm
- Sui, proof-of-stake (PoS) consensus
Starcoin chooses the classic Satoshi Nakamoto consensus, combining one layer and two layers, while Aptos and Sui choose the node reduction scheme to reach consensus among nodes quickly. The public chains of the Move ecosystem have been able to meet the needs of users in various scenarios and with different beliefs, complementing and promoting each other.
Inventory of Dapp of Move Ecology
In the era of Web3.0, Move has security that other smart contract languages cannot match. From the current situation of frequent vulnerabilities, developing Dapp based on Move will be the future trend.
With the promotion of Starcoin, Move ecology already has a wealth of Dapp, covering the current mainstream track, let’s take stock.
- NFT, Move has a natural advantage, Starcoin with this advantage defined the official standard NFT protocol, and based on the NFT protocol can quickly develop NFT applications. kikoVerse, CyberRare, and other NFT applications are the earliest Move ecological Dapp, which has been quite mature. flow also plans to support Move’s NFT.
- DEX, represented by Starswap, Kikoswap, ASwap, etc., is already online on Starcoin’s main website and has achieved a strong market response.
- Stablecoin, Bfly team developed the first Move eco Stablecoin, FAI, which has a good APR and has accumulated a loyal fan base. Another new Stablecoin application, WEN, is about to debut on Starcoin’s main network.
- DAO, Starcoin has fully implemented on-chain governance, and anyone can participate in voting to promote the healthy development of the community.
In addition to these Dapps above, there are also Dapps in IDO, GameFi, etc. It can be said that Move has a solid foundation and a big breakthrough in Dapp ecology, and the future is promising.
Move is known for its security, and as the cornerstone of secure Dapp, I believe more eyes and funds will enter the Move ecology in the future, so let’s wait and see.
