Unveiling the Potential of Next-Gen Virtual Machines and Their Impact on Decentralized Applications
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High Rollers:
Today, we're diving into the fascinating world of alternative virtual machines (altVMs) and their role in shaping the future of the modular blcokchain future that we are rapidly approaching.
In this podcast with Rushi, co-founder of Movement Labs, we'll be exploring the rise of altVMs within the modular stack, addressing the bottleneck issues on Ethereum, and discussing how these innovative execution layers are progressing thus far.
These alternative virtual machines are designed to address the challenges faced by existing blockchain platforms, such as high fees, throughput limitations, and security vulnerabilities. By offering parallelized execution and formal verification, altVMs aim to enhance the performance and security of decentralized applications.
They prioritize local fee markets, customizations in smart contracts and NFTs, and ease of onboarding developers, making crypto more accessible to a wider audience.
In particular, the Move VM, developed by Movement, stands out for its focus on modularity, security, and interoperability within the blockchain ecosystem. It is designed to prevent common vulnerabilities and attacks in smart contracts through formal verification and the team is standing on the shoulders of two giants, Aptos and Sui.
Learn about the tech, the modular thesis, the recent partnership with Union Build, and potential for retroactive rewards!
For all the info, watch the whole episode!
Cheers,
The Rollup.
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DeFi By Design EP119: The Rise of altVMs in The Modular Stack
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DeFi By Design EP119: The Rise of altVMs in The Modular Stack