Rushi Mande Archives - Coin Engineer https://coinengineer.net/blog/tag/rushi-mande/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 09 Dec 2024 14:12:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Rushi Mande Archives - Coin Engineer https://coinengineer.net/blog/tag/rushi-mande/ 32 32 Movement Foundation Launches Movement Mainnet and MOVE https://coinengineer.net/blog/movement-foundation-launches-movement-mainnet-and-move/ https://coinengineer.net/blog/movement-foundation-launches-movement-mainnet-and-move/#respond Mon, 09 Dec 2024 16:00:47 +0000 https://coinengineer.net/blog/?p=33384 Movement Foundation announced the launch of Movement Mainnet and the MOVE token generation event for the Ethereum network on December 9. Movement Network Foundation, on December 9, announced the launch of Movement Mainnet, an Ethereum scaling solution that uses the Move Virtual Machine to settle transactions on the Ethereum network with a one-second finality time,

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]]> Movement Foundation announced the launch of Movement Mainnet and the MOVE token generation event for the Ethereum network on December 9.

Movement Network Foundation, on December 9, announced the launch of Movement Mainnet, an Ethereum scaling solution that uses the Move Virtual Machine to settle transactions on the Ethereum network with a one-second finality time, along with the MOVE token generation event.

Rushi Mande, co-founder of Movement Labs:

“Our general thesis was Move is a phenomenal language, very secure, high throughput, but it needed two major things.”

“One is an ecosystem a vibrant ecosystem. Apps that people were using that were well-funded and got to market. And secondly, a community where the native community was bootstrapped and loyal to the chain.”

The network will be launched in beta, with the initial phase focusing on infrastructure providers deploying RPC nodes, follower nodes, and indexers to support the network and ensure an optimal execution environment.

moveMove Token Distribution

The 3 main goals of Movement Mainnet

Rushi Mande set three main goals for Movement Mainnet:

  1. Securing the decentralized finance (DeFi) sector,
  2. Focusing on the convergence between the Movement ecosystem and artificial intelligence (AI),
  3. Building a mobile-first platform.

Mande: “DeFi is expensive, but most importantly, very, very insecure. There is $4.5 billion lost every year,”

In November alone, hackers stole $71 million from DeFi users. Movement Labs‘ co-founder also highlighted how companies like Axle are bringing AI agents to Movement.

AI agents have become a powerful narrative in the current cryptocurrency market cycle. AI agents automate complex processes, such as interacting with decentralized finance protocols and executing trading strategies. Automated AI agents can also integrate with smart contracts to enhance their capabilities.

Mande: “We want to focus on mobile-first vertical form.”

Mande is not alone in this assessment. Mobile technology and mobile applications are widely seen as a way to drive mass Web3 adoption, especially among Gen Z. Mobile platforms can also help provide banking services to the unbanked in developing countries as satellite telecommunications technology matures.

This makes it possible for anyone with a mobile phone to access global markets, regardless of local infrastructure.

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