1. Home
  2. Move programming language

Move programming language

Sui is growing due to great developer experience — Router CEO

The SUI token experienced a 115% month-over-month gain in October and continues to appreciate as it emerges as a Solana competitor.

The Sui blockchain ecosystem has experienced significant growth in recent months, and its native Sui (SUI) token has seen a sustained rally alongside it. In an interview with Cointelegraph, Ramani Ramachandran, co-founder and CEO of Router Protocol, said this was due to a great developer experience and community in the Sui ecosystem.

Ramachandran said that Sui manages to combine the easy-to-use Move programming language with a simplified interface for end consumers, making the blockchain ecosystem attractive to developers. The CEO told Cointelegraph:

Ramachandran continued, “The community and vibes have been great,” and praised the Sui developer community as a sustainable ecosystem, positioning it as a counter to other alternative layer-1 projects that flounder following a token generation event.

Read more

Bitcoin Closing In on Greater Move to Massive Price Target, According to Trader Who Called 2021 Market Collapse

Gate Ventures, Movement Labs, Boon Ventures to launch $20M crypto fund

The fund will support protocols targeting the Move programming language and interoperability with the Ethereum ecosystem. 

Venture capital firms Gate Ventures and Boon Ventures announced a partnership with Movement Labs for a new $20 million fund dedicated to Web3 startups. 

According to an Oct. 13 announcement, the fund targets the development of Move-based protocols, especially projects bridging the Move network with Ethereum-compatible (EVM) applications. 

“The fund will invest across a range of Web3 verticals within the Move ecosystem,” a spokesperson for Gate Ventures, the investment arm of crypto exchange Gate.io, told Cointelegraph.

Read more

Bitcoin Closing In on Greater Move to Massive Price Target, According to Trader Who Called 2021 Market Collapse

Exploring Sui’s Object-Centric Model and the Move Programming Language

A closer look at how Sui’s object-centric model and the Move language can improve blockchain scalability and smart contract development.

The Sui blockchain has emerged as a novel layer-1 (L1) protocol, incorporating advanced technologies to address common layer-1 trade-offs. Cointelegraph Research unpacks the details of this newcomer to the blockchain space.

Sui uses the Move programming language, which was designed with a focus on asset representation and access control. This article examines Sui’s object-centric data storage model, its implications for transaction processing, and its potential advantages over traditional account-based paradigms.

Sui draws significant inspiration from the Diem blockchain, particularly in its use of the Move programming language for smart contracts. Move was designed with a type system specifically tailored to asset management and access control enforcement. Sui Move builds on this foundation with an object-centric data storage model that uses objects rather than accounts as primitives.

Read more

Bitcoin Closing In on Greater Move to Massive Price Target, According to Trader Who Called 2021 Market Collapse

‘Performing as expected’ — Aptos Labs defends day 1 criticism

Aptos’ blockchain claims to handle three times the amount of transactions per second than Solana but day one of its launch saw the network transacting a much lower amount.

After four years of development and millions in funding, the layer-1 blockchain Aptos (APT) finally launched its mainnet on Oct. 17, albeit to somewhat mixed reception.

The proof-of-stake (PoS) blockchain has seen millions invested in it from venture capital firms and has previously claimed the ability to process 160,000 transactions per second (TPS).

However, some members of the community have pointed out that the claimed TPS is falling far short of expectations on the mainnet.

According to Aptos’ blockchain explorer, the network is seeing around 4 TPS at the time of writing, while some users on Twitter have reported not being able to send transactions.

Others on Twitter noticed the Aptos Discord was closed for a few hours after the launch of the mainnet, accusing the team was attempting to stop discussion around potential launch issues.

Cointelegraph reached out to Aptos for comment and was directed to a “Day one update” tweet by Aptos on Oct. 18. 

In the tweet, Aptos said the network is “performing as expected” with activity increasing as more ecosystem participants join. Cointelegraph was able to view a variety of transactions from users using its blockchain explorer.

Aptos also said it closed comments on its Discord and Telegram channels to “protect the community from scams” and they will “return to normal when appropriate.”

The tokenomics of Aptos is not yet publicly available, leading some to cite concerns that cryptocurrency exchanges such as Binance and FTX are listing its token without such information available to their customers.

Related: Court partially denies Aptos Labs' motion to dismiss Glazer's $1 billion lawsuit

Aptos has seen millions invested from venture capital firms, with the most recent round of funding in July netting Aptos Labs $150 million. A prior round in March raised $200 million with participants including Andreessen Horowitz (a16z), FTX Ventures and Coinbase Ventures.

Aptos Labs was created by former Meta employees Mo Shaikh and Avery Ching, who were involved in the failed Diem blockchain project, which wound down ​​in February of this year and sold its intellectual property and other assets.

The blockchain is built on a programming language originally developed for the defunct Meta-built Diem blockchain.

Bitcoin Closing In on Greater Move to Massive Price Target, According to Trader Who Called 2021 Market Collapse