Polkadot Integrates Move Smart Contracts for Enhanced Flexibility

By Crypto News Flash
about 1 month ago
2024 2024 DOT WHEN SUI
  • Polkadot now supports Move smart contracts, enabling Substrate blockchains to leverage Move’s capabilities.
  • Developers can build Move parachains on Polkadot, enhancing the platform’s utility and flexibility.

In a tweet, Polkadot announced 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.

Unlocking Move VM on Substrate: Enhanced Smart Contract Capabilities and Parachain Design

With this innovation, developers may now incorporate the Move Virtual Machine (VM), which enables Substrate blockchains to run Move smart contracts. Additionally, Polkadot 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 reported, 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 highlighted, 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.

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