Movement network will be transformed into a Layer1 blockchain, supporting native token staking and Move 2.0

PANews September 17th news, according to BlockchainReporter, Move Industries announced today that the Movement network will transform from a sidechain architecture to an independent Layer1 blockchain. The company said that the move will significantly improve performance, support native token staking, and provide support for Move 2.0. As the Layer1 blockchain, Movement will be able to provide processing power of more than 10,000 transactions per second, and the transaction confirmation time is less than one second, which is a significant increase compared to the current network's upper limit of 500-600 TPS. The Layer1 blockchain is designed to fully utilize the performance potential of Move Virtual Machine (MoveVM) while removing the centralized sorter with a single point of failure risk under the sidechain model. Only unlocked MOVE tokens are eligible for staking, and under this rule, locked tokens held by investors or core contributors cannot be used for staking, which Move Industries said helps peg the staking rights to real, active holders. Movement will also become an early adopter of the Move 2.0 language features. Move 2.0 has added basic developers' functions such as enumeration types and function values, and Movement's Layer1 blockchain will be the first to support these new features. A public test network for developers is about to go online, and the organization plans to complete the mainnet migration by the end of 2025. Previously, in May, Movement Labs was reorganized and renamed to Move Industries, promoting new governance and product routes.