The Movement network will transform into a Layer1 blockchain, supporting native token staking and Move 2

ChainCatcher reports that, according to BlockchainReporter, Move Industries announced that the Movement network will transition from a sidechain architecture to an independent Layer 1 blockchain. The company states that this move will significantly improve performance, support native token staking, and provide support for Move 2.

As a Layer 1 blockchain, Movement will be able to handle over 10,000 transactions per second, with transaction confirmation times of less than one second, representing a substantial increase compared to the current network’s 500-600 TPS limit. The design of the Layer 1 blockchain aims to fully leverage the performance potential of the Move Virtual Machine (MoveVM) while removing the centralized sequencer with single points of failure present in the sidechain model.

Only unlocked MOVE tokens are eligible for staking. According to this rule, tokens held as locked by investors or core contributors cannot be used for staking. Move Industries states that this helps tie staking rights to genuine, active holders. Movement will also become an early adopter of Move 2 language features.

Move 2 introduces fundamental developer features such as enum types and function values. Movement’s Layer 1 blockchain will be the first to support these new features. A public testnet for developers is upcoming, and the organization plans to complete the mainnet migration by the end of 2025.

In a previous report from May, Movement Labs was reorganized and renamed to Move Industries, implementing a new governance and product roadmap.

MOVE2,68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)