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Home » Move Discovers Fresh Purpose Following the Demise of Facebook’s Stablecoin Diem
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Move Discovers Fresh Purpose Following the Demise of Facebook’s Stablecoin Diem

2024-01-31No Comments1 Min Read
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Move Discovers Fresh Purpose Following the Demise of Facebook's Stablecoin Diem
Move Discovers Fresh Purpose Following the Demise of Facebook's Stablecoin Diem
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Move, a programming language created by Sam Blackshear at Facebook for blockchain applications, gained new life after the demise of Facebook’s cryptocurrency project, Diem. Move is now being used by successful blockchains like Aptos and Sui, with Blackshear serving as the CTO of Mysten Labs. In an interview with Cointelegraph, Blackshear explained why Move is a better choice for building blockchains than other existing languages like Solidity or Rust. He highlighted Move’s safety and productivity features, emphasizing its ability to prevent bugs like the reentrancy issue that caused the EthereumDAO hack. Blackshear and his team at Mysten Labs are focused on making Move the industry standard for all blockchains. Sui, a blockchain built on Move, has seen significant growth and is attracting protocols like Solend. Blackshear believes that Move’s focus on smart contract safety and developer experience will drive broader adoption of crypto. He is particularly excited about the upcoming upgrade to Sui’s consensus, called Mysticeti, which aims to improve speed and reduce latency. Despite the personal challenges and lessons learned along the way, Blackshear remains committed to blockchain technology and its potential to address significant problems in the world.

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