ChainCatcher news, according to BlockchainReporter, Move Industries announced that the Movement network will transform from a sidechain architecture to an independent Layer1 blockchain, which the company says will significantly improve performance, support native token staking, and provide support for Move 2.
As a Layer1 blockchain, Movement will be able to provide processing power of over 10,000 transactions per second with a transaction confirmation time of less than one second, which is a significant increase from the current network’s upper limit of 500-600 TPS. Layer1 blockchains are designed to harness the full performance potential of the Move Virtual Machine (MoveVM) while removing centralized sequencers that pose a single point of failure risk under the sidechain model.
Only unlocked MOVE tokens are eligible to participate in staking, and under this rule, locked tokens held by investors or core contributors cannot be used for staking, which Move Industries says helps tie staking rights to real, active holders. Movement will also be an early adopter of the Move 2 language features.
Move 2 adds developer-based features such as enum types and function values, and Movement’s Layer1 blockchain will be the first to support these new features. A public testnet for developers is about to go live, and the organization plans to complete the mainnet migration by the end of 2025.
Previously, in May, Movement Labs was reorganized and renamed Move Industries to implement new governance and product lines.
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The Movement network will transform into a Layer1 blockchain, supporting native token staking and Move 2
ChainCatcher news, according to BlockchainReporter, Move Industries announced that the Movement network will transform from a sidechain architecture to an independent Layer1 blockchain, which the company says will significantly improve performance, support native token staking, and provide support for Move 2.
As a Layer1 blockchain, Movement will be able to provide processing power of over 10,000 transactions per second with a transaction confirmation time of less than one second, which is a significant increase from the current network’s upper limit of 500-600 TPS. Layer1 blockchains are designed to harness the full performance potential of the Move Virtual Machine (MoveVM) while removing centralized sequencers that pose a single point of failure risk under the sidechain model.
Only unlocked MOVE tokens are eligible to participate in staking, and under this rule, locked tokens held by investors or core contributors cannot be used for staking, which Move Industries says helps tie staking rights to real, active holders. Movement will also be an early adopter of the Move 2 language features.
Move 2 adds developer-based features such as enum types and function values, and Movement’s Layer1 blockchain will be the first to support these new features. A public testnet for developers is about to go live, and the organization plans to complete the mainnet migration by the end of 2025.
Previously, in May, Movement Labs was reorganized and renamed Move Industries to implement new governance and product lines.