A Pivotal Moment in Blockchain Technology: Onboarding Thousands of Developers to Build a Crypto-Centric Future

High Rollers:

We are at a pivotal moment in modular blockchains, moving away from the Ethereum Virtual Machine (EVM).

This shift promises to bring thousands of previously hesitant developers into the crypto realm. However, this transformation is not happening on the EVM. In this article, we explore the limitations of EVM, the potential of other Virtual Machines, and the pioneers leading this change.

Despite the EVM’s historical dominance, it’s time to embrace new technologies shaping the future of blockchain.

Cheers,

The Rollup

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The teams in touch with non-crypto developer communities have been waiting patiently for this moment.

Imagine if we can onboard thousands of previously unwilling developers from various backgrounds to contribute in building the crypto-centric future we all are yearning for…

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That reality is happening right here, right now and we are about to onboard thousands of capable devs in the next few years.

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Its not happening on EVM.

In todays post, you’ll learn about the state of EVM and its constraints, why other VMs based on years of tech stacks may reign superior, and a few key pioneers trailblazing this space forward now ????

As an Ethereum evangelist, I must say, its tough have negative opinions about EVM.

The Ethereum Virtual Machine has dominated the landscape serving as the backbone for countless decentralized applications, and for good reason:

You can think of it as an execution layer, as the EVM handles the smart contract execution and basically manages all transactions.

You can create any type of smart contract and program using the EVM, which has inspired the “programmable money” narrative.

???????????????????? ???????????????? ???????????????? ???????????? ???????????????? ???????????????????????????????????????????????????? ???????????? ????????????????????????, ???????????? ???????????? ???????????????? ???????????????? ???????????????? ????????????????????????????????????????????:

Firstly, its quite new. There aren’t very many “codebases” for lack of better term (compilers, libraries etc) when compared to traditional code libraries.

Also, Solidity is quite difficult to learn from a developer POV, and has restraints when compared to other languages (Rust, Move, JavaScript).

There are also economical constraints with EVM vs. other VMs at the execution layer. We are seeing cheaper options with more functionality come into exist.

As we look ahead, it’s clear that the narrative is shifting and the time has come to answer the following question:

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I believe that 2024 is the year of the novel execution layer. High-performance and non-EVM execution environments will become the standard as DeFi protocols look to minimize noise fee markets and games/app look for high throughput environments.

This new narrative is not about abandoning Ethereum, but about embracing diversity and exploring new possibilities in the modular space.

It’s about recognizing that the world of modular blockchain designs is vast and varied, and that Ethereum is just one (important) piece of the puzzle.

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Polygon Miden and Risc Zero are pioneering new approaches to VM design, focusing on efficiency and scalability in the zkspace.

Cartesi ???????? ???????????????????????????????? ???????????? ???????????????????????????? ????????????????????????????, ???? ???????????????????? ???????????????????? ????????. It emulates a traditional computer chip (64bit RISC-V ISA) in a reproducible deterministic fashion.

This allows it to boot a full OS (e.g. unmodified Ubuntu), allowing developers to run traditional computer programs, languages and libraries in a verifiable way.

Devs who understand Linux can come into the Cartesi app-specific rollup ecosystem and build any dApp.

Recently, a dev who knew nothing of solidity/EVM came in and built an LLM based dApp, ChainGPT using Cartesi’s VM.

Aztec Network is pushing the envelope in terms of privacy, developing a VM that enables private transactions on public blockchains.

Fluent xyz is reimagining how VMs can be used for data processing, creating a platform that combines the power of blockchain with the flexibility of VMs.

???????????????????????????? ???????????????????????????????????? ???????????????????????? ???????????????????????????????? ???????????? ???????? ???????????????????????????????????? ???????????????? ???????????????? ????????: Movement Labs.

​​The Move VM is designed with a focus on performance and security. It addresses and mitigates common vulnerabilities like re-entrancy, establishing a secure environment for developers.

Movement Labs has decoupled the virtual machine from the blockchain stack, making it portable and modular. Move parallel processing and safeguards are coming to EVM for the first time!

All of this is powered by the Movement SDK. dApps living within the SDK have the freedom to flexibly deploy to any Move environment on any networks the SDK integrates with.

Also living within the SDK is the Fractal Transpiler, which enables Solidity dApps to upgrade their smart contracts to Move without writing a single line of Move code.

In short, Movement Labs is democratizing development with novel virtual machines and smart contract development languages and enabling their dApps to come to market in a Web3 native way via the Movement SDK.

???????????????????????????? ???????????????????????????????? ????????, ???????????????????? ???????? ???????????????????????????????? ???????????????????????????????????????? ????????: Fuel Network.

The FuelVM is a parallel processed virtual machine for scaling Ethereum and the modular stack. It is a very advanced smart-contract execution engine, designed with the philosophy that every computation matters.

As seen below, FuelVM (like the rest) are used at the execution layer for higher performance.

The FuelVM brings several unique benefits to the VM space that goes beyond parallel transaction execution, including an asset-centric design with native assets, predicates, and state-minimized design.

Light clients, parallel execution, and efficient fraud proofs are big kickers. Developers choose the FuelVM for its superior developer experience and the ability to go beyond the limitations of the EVM.

As we move into 2024, it’s clear that the world of VMs is set for a major shakeup. Stani Kuchelov, a pioneer of DeFi, put out a tweet recently highlighting this shift…

If there’s one thing I’ve learned in crypto, its to follow the gigabrains who are early to trends.

The new narrative is about building modular designs, incentivizing new innovation, and optionality.

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As we embark on this exciting journey together, the call to action is clear: ???????????? ???????????????????????????????????? ???????? ???????????? ???????????????????????????? ???????????????????? ???????? ???????? ???????????????????????????????? ???????????? ???????????????????? ???????????????????????????????? ???????????????? ???????????????? ????????????????.

We are going to have a serious uptick in developer count as a result of expanding away from EVM.

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