Welcome to The Protocol, CoinDesk’s weekly wrap-up of the essential advancements in cryptocurrency technology. This issue covers the following highlights:

• Movement Labs Launches Developer Mainnet: Blockchain company Movement Labs has rolled out a developer mainnet to facilitate the integration of Facebook (META)’s Move Virtual Machine (MoveVM) into Ethereum. This initiative begins the deployment of their core infrastructure while providing partners the opportunity to implement decentralized finance (DeFi) protocols. The release follows Movement’s initial mainnet launch from December and is aimed at the upcoming public beta next month. The Move technology stemmed from Facebook’s halted digital currency project, Diem.

• Cardano’s Decentralization: Cardano has transitioned to a decentralized governance model as of January 29, following the activation of the Plomin hard fork. This change allows holders of ADA tokens to exert meaningful influence over decisions including governance parameter modifications and treasury withdrawals.

• Unveiling of SSV DAO 2.0: SSV DAO has introduced a new operational framework, termed SSV 2.0, which offers a foundation for the development of applications based on Ethereum validators.

• Elon Musk Advocates Blockchain Usage: In his role at the new Department for Government Efficiency, Musk has proposed integrating blockchain technology to enhance the efficiency of government financial management.

For further details, please refer to the original sources linked throughout.