2024

Polkadot

when

<ul>
 <li>Polkadot now supports Move smart contracts, enabling Substrate blockchains to leverage Move’s capabilities.</li>
 <li>Developers can build Move parachains on Polkadot, enhancing the platform’s utility and flexibility.</li>
</ul>
In a tweet, Polkadot <a href="https://x.com/Polkadot/status/1816109501394637034" rel="noopener noreferrer nofollow">announced</a> that Substrate blockchains may now execute Move smart contracts, and Move parachains can be developed on the network, thanks to the efforts of the Eiger team.
This integration marks a key milestone for the blockchain ecosystem, allowing developers to harness Move’s capabilities while working on Substrate-based networks.
Move, developed as a platform-agnostic, safe, and verified programming language, has already seen use in blockchains such as Sui Network and Aptos.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Move VM <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"> Substrate
 Substrate blockchains can now execute Move smart contracts, and Move parachains can be built on Polkadot, thanks to the team at <a href="https://twitter.com/eiger_co?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@eiger_co</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;">
 This integration will open new avenues for developers to leverage Move's capabilities while building on…
 — Polkadot (@Polkadot) <a href="https://twitter.com/Polkadot/status/1816109501394637034?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 24, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="strong-unlocking-move-vm-on-substrate-enhanced-smart-contract-capabilities-and-parachain-design-strong">Unlocking Move VM on Substrate: Enhanced Smart Contract Capabilities and Parachain Design</h2>
With this innovation, developers may now incorporate the Move Virtual Machine (VM), which enables Substrate blockchains to run Move smart contracts. Additionally, <a style="color: #008000;" href="https://www.crypto-news-flash.com/polkadot-decoded-reveals-strengthened-ecosystem-and-new-apps/" rel="noopener noreferrer nofollow">Polkadot</a> now allows anyone to design Move parachains.
The integration entails converting signed origins into the Move datatype signer, which allows authorized Move account access. Although the parameters are named differently, they always relate to the compiled and serialized Move bytecode.
The “execute” extrinsic is designed to handle circumstances involving many signers, such as when a smart contract requires signatures from numerous participants.
Parachain developers can set a limit on the lifetime and number of signers for these multiple signer script execution requests in Pallet’s configuration. While a more in-depth examination of gas costs is planned for later, it is crucial to note that these costs can be minimized when executing or publishing Move bytecode.
The pallet also allows Move smart contract developers to transfer tokens directly to the blockchain, utilizing the Substrate trait Currency internally.
Users can establish a ‘cheque limit’ to determine the maximum number of tokens used during execution. This feature improves the flexibility and efficiency of Move smart contracts on the Substrate architecture.
Previously, as CNF <a style="color: #008000;" href="https://www.crypto-news-flash.com/polkadot-parachain-launch-robonomics-to-connect-to-relay-chain-on-sept-25/" rel="noopener noreferrer nofollow">reported</a>, Robonomics disclosed plans to integrate the Polkadot Relay Chain on September 25. This integration will allow Robonomics to take advantage of Polkadot’s advanced security and scalability capabilities.
Additionally, as we previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/polkadots-subwallet-app-surpasses-1-6m-downloads-attracts-800k-active-users/" rel="noopener noreferrer nofollow">highlighted</a>, Polkadot’s Subwallet has received enormous growth, with 1.6 million downloads and 800,000 active users and services, according to the most recent data.
Polkadot’s native token, DOT, is now trading at $5.85, up 2.66% over the last 24 hours. Despite the recent rise, DOT has been going sideways for the past month.
<div class="cryptoboxes" id="mcw-435418" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="polkadot-new" data-symbol="DOT" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Polkadot Integrates Move Smart Contracts for Enhanced Flexibility

Table of Contents

Crypto News Flash

Other articles published on Jul 26, 2024

DappRadar completes 1st RADAR buyback following revenue surge

Yona Network Integrates with Babylon Chain to Bridge Bitcoin and Solana

Michigan Becomes Second State Whose Pension Fund Owns Bitcoin

XRP Donation to Trump from Ripple Manager! How Much Did Trump Raise in Bitcoin (BTC) and Altcoins?

Decoding Bitcoin’s Future: Predictions and Factors Driving Its Next Bull Run

SBI Holdings Launches Bitcoin ETF

Join our free newsletter for daily crypto updates!