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Movement Labs aims to launch a new mechanism for quickly settling transactions directly on layer 2 (L2) scaling networks by the end of 2024, Rushi Manche, Movement’s co-founder, told Cointelegraph in an interview.
Fast finality ‘postconfirmations’ are an alternative to existing methods for settling Ethereum (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) L2 transactions — such as zero-knowledge (ZK) and fraud proofs — with the potential to cut confirmation times to less than 1 second, Movement <a data-ct-non-breakable="null" href="https://blog.movementlabs.xyz/article/postconfirmations-L2s-rollups-blockchain-movement" rel="noopener noreferrer nofollow" target="_blank" text="null" title="https://blog.movementlabs.xyz/article/postconfirmations-L2s-rollups-blockchain-movement">said</a> in a Sept. 2 <a data-ct-non-breakable="null" href="https://blog.movementlabs.xyz/article/postconfirmations-L2s-rollups-blockchain-movement" rel="noopener noreferrer nofollow" target="_blank" text="null" title="null">blog</a> post.&nbsp;
Total value locked (TVL) on L2s has more than tripled in 2024 to almost $35 billion, <a data-ct-non-breakable="null" href="https://l2beat.com/scaling/tvl" rel="noopener noreferrer nofollow" target="_blank" text="null" title="null">according</a> to L2Beat, as Ethereum’s surging popularity strains the network’s limited bandwidth.&nbsp;
In the past 30-days, Ethereum’s average throughput was fewer than 13 transactions per second (TPS), compared to nearly 700 TPS for rival Solana (SOL), <a data-ct-non-breakable="null" href="https://chainspect.app/chain/ethereum" rel="noopener noreferrer nofollow" target="_blank" text="null" title="null">according</a> to Chainspect.&nbsp;
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 <img alt="Movement Labs targets 1-second L2 finality by end of 2024: Co-founder" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e2a6-47ca-7d58-a7fe-de6c9465e1b5">
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 Total value locked (TVL) on Ethereum’s L2s. Source: L2Beat
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Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/celestia-unveils-roadmap-to-1-gigabyte-blocks" rel="null" target="null" text="null" title="null">Celestia unveils roadmap to 1-gigabyte blocks</a>
Existing solutions are imperfect. Fraud proofs on optimistic rollups such as Arbitrum, Optimism and Base “can take seven days for finality, and zk-rollups can be expensive,” Manche said.
With postconfirmations, applications building on M2— Movement’s upcoming L2 — can optionally route transactions to a network of validators secured by Movement’s native token, MOVE, Manche said. The token is slated to launch by the end of 2024.
“You can launch a custom rollup using a set of validators, accept L2 security, and still post call data to Ethereum. This allows you to maintain high throughput while settling on Ethereum when necessary,” Manche said.&nbsp;
Movement’s M2 network will also settle transactions on mainnet Ethereum similarly to other optimistic rollups. Movement is partnering with EigenDA, a data availability service built on restaking protocol EigenLayer, to handle data waiting to be settled on mainnet, Mache said.
Movement is among several Web3 developers —- including Aptos and Sui — and building blockchains on Move, a Rust-based programming language.&nbsp;
It has the potential to help developers build safer, higher-throughput smart contracts, Manche said. He predicts that by the second half of 2025, up to 20% of Web3 developers will work with Move, up from 7.5% today.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/simple-change-save-ethereum-roadmap-to-hell/" rel="null" target="null" text="null" title="null">Proposed change could save Ethereum from L2 ‘roadmap to hell’</a>

Movement Labs targets 1-second L2 finality by end of 2024: Co-founder

Cointelegraph

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