Flash Depth Data Forum

Forum

Search Extension

Inventory of Move-based projects: Are there any potential dark horses?

追风

2023-02-02 11:15

Read this article in 19 Minutes

Aptos has attracted high market attention, what other projects are there in the Move ecosystem?

Original Title: "Inventory of Move-based Projects, Let's Wait and See if There are Potential Dark Horses"

Original Author: Wind Chasing Lab

Move Language is a programming language developed by Meta (formerly Facebook) and is designed specifically for digital assets.

Its characteristics include treating assets as first-class citizens, security, flexibility, and composability, providing high-quality choices for DeFi and NFT project developers, and offering more imagination for project development.

Move is a programming language developed by Meta (formerly Facebook) for its stablecoin project Diem (formerly Libra). The vision of Diem is to be a global digital native currency that combines stability, low inflation, global acceptance, and interchangeability. Its vision determines that Move is a programming language born for finance.

The characteristics of Move mainly include the following five aspects:

1. Encode assets as first-class citizens.

2. Ensure its security through static calls, virtual machine sandboxes, and other measures.

3. Verifiability

4. Flexibility

5. Composability of Contracts

Below we have compiled a list of MOVE language projects for your interest and reference. Please feel free to follow and bookmark them.

1) Aptos (already issued)

Aptos is a new independent L1 layer blockchain project aimed at realizing our vision of providing the world's safest and most production-friendly blockchain.

Investment institutions: a16z led the investment, with participation from Binance lab Tiger Global, Katie Haun, PayPal Ventures, Multicoin Capital, Three Arrows Capital, FTX Ventures, and Coinbase Ventures.

On March 15, 2022, Aptos, a new public chain project established by former members of the Diem team, completed a strategic financing of $200 million, led by a16z, with participation from Tiger Global, Katie Haun, PayPal Ventures, Multicoin Capital, Three Arrows Capital, FTX Ventures, and Coinbase Ventures.

2022.29 Binance's risk investment department and innovation incubator, Binance Labs, strategically invested in Aptos Labs. The two will work closely together to develop the Aptos ecosystem through development, code review, infrastructure construction, hackathons, and more.

Official website: https://aptoslabs.com/

Official website Twitter: https://twitter.com/aptoslabs

Team Information: https://www.linkedin.com/company/aptoslabs

1）Sui

Sui, this is the next-generation smart contract platform with high throughput, low latency, and asset-oriented programming model supported by Move.

Sui has the following characteristics:

1. High scalability and real-time settlement: Sui horizontally expands to meet the needs of applications.

2. Use the Move smart contract.

3. Sui's scalability is not limited to transaction processing, but also extends to low-cost and horizontally scalable storage, allowing developers to define complex assets with rich attributes that exist directly on the chain rather than off-chain storage.

4. Mysten Labs will also release the Sui Developer Kit open source toolkit.

Token Economic Model: Sui has announced the issuance of its native Token SUI, with a total supply limit of 10 billion. A portion of the Tokens will be in circulation upon the launch of the mainnet, while the remaining Tokens will be released over the next few years or distributed as future equity incentive subsidies.

In Sui's economic model, there are four roles:

User: Use the Sui public chain to conduct transactions, create and transfer digital assets, or interact with smart contracts. SUI Token holders can choose to delegate their tokens to validators and participate in the Proof of Stake (POS) mechanism. SUI owners also have the right to participate in Sui governance. Validators: process transactions on the Sui public chain and execute storage. Fund: used to compensate the cost of storing data for validators on the chain.

Official website: https://sui.io/

Official website Twitter: https://twitter.com/Mysten_Labs

Team Information: https://mystenlabs.com/about-us

Sui's parent company MystenLabs investment institution:

3）Linera

Based on FastPay and Zef, Linera is the next-generation decentralized protocol. Linera's mission is to become the first low-latency blockchain that can be easily scaled like web2 applications.

On June 29, 2022, Linera announced the completion of a $6 million seed round of financing, led by a16z, with participation from Cygni Capital, Kima Ventures, and Tribe Capital.

Official website: https://linera.io/

Official website Twitter: https://twitter.com/linera_io

Team Information: https://www.linkedin.com/company/linera-io/

4）0L Network

0L Network is an open, permissionless, community-managed Layer1 blockchain. 0L Network emphasizes community management, with community members deciding the project's development path. 0L Network was founded on October 21, 2021, with a limit of 100 validator nodes. 0L Network states that, considering the drawbacks of BFT (Byzantine Fault Tolerance mechanism), network throughput decreases significantly after 100-120 nodes, so the number of validator nodes is limited to 100.

Economics focuses on labor as the center of the economy. Most blockchain networks distribute the majority of rewards to node operators who act as "security guards," but do not directly invest in the development, operation, and maintenance of the application layer.

In order to support the workforce, funds are routed to community wallets managed by independent organizations and used to provide funding for technical and non-technical tasks within the 0L ecosystem through the Hustle Karma board. Tasks (also known as "community plans") are funded by community wallets, currently receiving 50% of all validator rewards through automatic payments. This is an experiment to change the flow of network economic traffic to reward human positive contributions, while other network rewards accumulate to relatively passive infrastructure operators. Another experimental economic concept in the 0L identity subsidy is to provide identity subsidies to time-proven accounts using the Carpe App. A pile of proofs is called a tower, and by building a high tower, you can prove that your account is a persistent identity. Persistent identity helps resist Sybil attacks, as it is possible to maintain a pseudonym while establishing a long-term history and even reputation.

In addition, the submitted proof shares the reward pool. This mechanism ensures that early adopters can get gas to build, test, and use applications developed on the 0L blockchain. The constant temperature and secure 0L network is a network fork optimized for 100 validators. Therefore, the 0L network prefers to have about 100 validators. Validator rewards decrease as the number of validators increases and reach a bottom line when 100 validator rewards are reached. It is expected that there will be 100 validators serving the network, and their rewards will mainly come from gas paid for transactions on the network.

At the beginning of the creation, in order to avoid the proliferation of validator farms, a validator must register an address with the validator set, and each validator can only register a new account once every two weeks. The number of candidate validators grows by a power of 2 every two weeks and remains stable, so it is expected that anyone who wants to operate a node will easily find a peer to log in to.

Official website: https://0l.network/

Official website Twitter: https://twitter.com/0LNetwork

5) Starcoin (Issued)

Starcoin is a blockchain based on an enhanced version of the PoW consensus mechanism and the Move programming language. Through layered and flexible interoperability, it provides solutions for DeFi, NFT, and blockchain games.

Starcoin uses Move language to develop secure digital asset protocols, including FT and NFT. It provides mature formal verification tools to replace traditional contract audits, ensuring contract security and protecting the security of user on-chain assets.

Starcoin is a blockchain with a Layer2 scaling solution, which has good scalability. The state can be safely and seamlessly transferred, and data can be easily and quickly scaled. It has low latency and good operability. It will provide a test network in September this year.

Development Progress

In late 2018, Starcoin released its first whitepaper, proposing a vision for building a scalable blockchain. In 2019, the Move language was officially launched, and that same year, Starcoin Layer1 decided to adopt Move as its smart contract language and virtual machine.

On May 18, 2021, Starcoin launched its mainnet, which is one of the earlier blockchain projects that uses the Move language. The Starcoin mainnet has been running stably for over a year. Starcoin Layer2 will provide a test network in September this year.

Ecological Development

Starcoin ecosystem includes wallet, CEX, DEX, mining pool, stablecoin, NFT, and blockchain games.

Starcoin's ecosystem mainly revolves around STC. STC can be stored and transferred through wallets, traded on CEX and DEX, and obtained directly through node mining in mining pools.

Token

Starcoin's economic whitepaper mentions that STC is the native token of Starcoin, with a total issuance of 3,185,136,000 STC, which is fixed in quantity.

The main uses of STC are:

1. The gas fee for payment transactions.

2. Payment state space cost.

3. Used for on-chain governance voting.

STC's Token

According to the economic model, the treasury is the center of the economy. The treasury distributes block rewards to miners and distributes treasury funds to DAO. Miners and DAO invest STC in the ecosystem, and the on-chain ecosystem returns profits to the treasury, achieving a self-sustaining economic model.

Official website: https://starcoin.org/zh/

Official website Twitter: https://twitter.com/StarcoinSTC

6)Momentum Safe

MSafe Wallet (also known as Momentum Safe) is the first Move-based multi-signature, non-custodial digital asset management solution.

MSafe's position in the Move field is equivalent to gsafe's position in ETH.

MSafe was established in August 2022 and has currently integrated Aptos ecosystem projects such as LiquditySwap, Souffl3, Wormhole, Aris, and Thala. It provides a secure and interoperable multi-signature wallet solution. Wendy Fu, the CEO of MSafe, previously worked at Meta's Diem project and was also a founding member of the Novi wallet. Jacky, the CTO, was a core protocol developer at Harmony.

Completed a $5 million seed round of financing, led by Jump Crypto, with participation from Redpoint Ventures, Circle Ventures, Coinbase Ventures, Superscrypt, SV Angel, Shima Capital, and Spartan Group.

Official website: https://m-safe.io/

Official website Twitter: https://twitter.com/MomentumSafe

Above are five public chain projects and a multi-signature wallet of the MOVE family. The recent surge in APTOS has attracted great attention, and there is a lot of controversy over whether the MOVE system is successful. We look forward to seeing if more excellent MOVE system projects will emerge in the future.