⛓️ Parallelization ⚡
The faster, cheaper, more scalable approach to executing blockchain transactions.
And it's built into #Move 😎
Say goodbye to:
❌ High fees
❌ Lengthy transaction times
❌ Congested networks
❌ Limited scalability
So, what is Parallelization? 🧵👇
⚙️Parallelization Deep Dive
Parallelization is the key to unlocking a new era of blockchain efficiency by enabling transactions to occur side by side, drastically reducing wait times and expanding network capacity.
twitter.com/movementlabsxyz/status/1742725097277001935
Why does this matter❓
🚘 Imagine #Ethereum as a single-lane highway where transactions line up, causing delays.
Parallelization transforms it into a multi-lane highway, enabling simultaneous transactions, reducing delays, and increasing throughput.
The Crux of Sequential Slowdowns
Before parallelization, blockchains operated on a "first come, first served" basis, where every transaction queued up, waiting its turn.
This method, while straightforward, leads to significant bottlenecks, especially as the network grows.
Negative effects of Sequential Processing:
➡️ Soaring fees as users bid to fast-track transactions.
➡️ Delays that hinder real-time applications.
➡️ Wasted modern processor potential, draining efficiency and energy.
🚦 Congestion Crisis: Mempools Overloaded
High traffic clogs EVM mempools, causing transaction delays or losses.
This sparks intense competition for space, driving up gas fees & creating unstable fee markets—hindering growth & access
🔋 Wasting Hardware Potential
Existing blockchain tech fails to fully leverage the capabilities of modern multi-core processors, leading to significant inefficiencies & unnecessary energy expenditures
Imagine harnessing this dormant power for more efficient processing 😲
⚠️EVM Mempools: Achilles' Heel of Blockchain
Diving deeper, the EVM mempools, which are prone to manipulation and congestion, represent a critical weakness.
This vulnerability threatens both network efficiency and security, underscoring the urgency for innovative solutions.
Enter Parallel Execution
Addressing these challenges, the Block-STM methodology presents a transformative solution. It enables transactions within a block to run in parallel, deterministically on a single machine.
This approach harnesses the full potential of the machine's processing power, enhancing scalability and efficiency akin to optimizing the flow of traffic through the strategic opening of all available lanes on a single, wide highway
Acceleration & Scalability
Block-STM significantly boosts blockchain throughput, enhancing DApps scalability & efficiency. This focuses on maximizing processing speed, enabling greater scalability performance improvements, and directly addressing scalability challenges.
🎼Harmonizing Transactions
Parallel execution acts as a skilled conductor, aligning transactions in harmony.
It ensures compatible transactions run concurrently, avoiding clashes and maintaining system integrity.
🛠 Overcoming Execution Challenges
Parallel execution efficiently tackles:
👉 Increasing Throughput: Accelerates transaction processing, reducing bottlenecks and improving the overall throughput of the blockchain network, making it more efficient and responsive
👉 Scaling Capabilities: Utilizes multi-core processors and parallelized execution methods like Sealevel (used by Solana) and Software Transactional Memory (used by Aptos) to support growing demands without compromising performance
👉 Optimizing Resources: Improves hardware usage for energy-efficient operations by allowing multiple transactions or smart contracts to be processed simultaneously, enhancing the overall speed of the blockchain
Parallel VMs' Promise 🆚 Reality
Although highly promising in easing mempool congestion and addressing the issues with traditional sequencing, Parallel execution still struggles with manipulation issues and lacks integration flexibility across blockchain infrastructures.
⚡ Introducing MoveVM by Movement Labs
In response, we've developed MoveVM, a cutting-edge solution designed to address these parallel execution challenges directly, ensuring modularity and interop across the blockchain ecosystem.
Here's how we're making a difference! 👇
twitter.com/movementlabsxyz/status/1752799376458776789
🧩Modularity: The Missing Piece
The struggle for modularity in VMs hinders seamless integration with consensus layers, stalling blockchain's evolution.
Discrepancies in mempools, APIs, and block processes are major roadblocks.
💡 The Modularity Solution
We're enhancing blockchain efficiency and interoperability though our modularity execution layer.
Features like Transaction-to-Mempool Notification & Block Building Notification, designed to eliminate bottlenecks & enhance blockchain integrity.
MoveVM's Interoperability Advantage
At Movement Labs, interoperability isn't just a feature—it's foundational. Our MoveVM SDKs come equipped with native bridging capabilities, enabling seamless transactions across blockchain ecosystems without the need for third-party tech.
Why Parallelization Matters for Interoperability:
Interoperability, via MEVM, enables Ethereum projects in Solidity to utilize Move's parallelization.
This integration bridges Eth & Move, enhancing transaction efficiency & system throughput, key for streamlined operations.
MoveVM's integration of MEVM boosts interoperability, allowing for smooth processing across ecosystems.
This ensures diverse transactions are managed effectively, elevating both functionality and cross-platform interoperability within the blockchain space.
🔁 SDKs Driving Change
Our SDKs empower developers to integrate MoveVM's parallel processing and interoperability directly into their DApps.
This means users enjoy faster, more secure transactions and the ability to migrate liquidity atomically across ecosystems.
🖇️ MoveVM
Innovations Made Possible include:
✅ Mempool Sync: Prepares transactions for efficient parallel processing.
✅ Block Building: Uses live data for faster assembly.
✅ Block Committing: Secures transactions, ensuring blockchain integrity.
⚡ The Future with Movement Labs
With our MoveVM, we're not just addressing today's blockchain challenges; we're paving the way for a future where efficiency, scalability, and user experience are paramount.
Join us as we redefine what's possible in the blockchain space 🤝
Read more on our Medium
medium.com/movementlabsxyz/parallelization-a-fresh-perspective-on-blockchain-transactions-4d6c265ec57f
About us:
Movement is a network of Move-based blockchains designed to pair smart contract security and parallelization with EVM liquidity and user bases. M2 is the first MEVM (Move + EVM) ZK L2 on Ethereum and is powered by Celestia, natively bringing the MoveVM to Ethereum
Build and grow #Move with us through our Open Builders Program.
Get connected with the team and other builders here: form.asana.com/?k=Xl2xu7DRyoQ-yUY-zMlnTg&d=1204965688263751
⚡Join the Movement Community today!
Our community program offers special rewards and exclusive opportunities to everyone participating in the network: movementlabs.notion.site/movementlabs/Welcome-to-the-Movement-Community-Program-98b9a1115b954e228b9907952ed04e5b