Movement will transform from sidechain to Layer1 blockchain, supporting native token staking and Move 2.0

The Movement announced that the Movement network will transform from a sidechain architecture to an independent Layer1 blockchain, supporting native token staking and providing support for Move 2.0. It said that as a side chain, the limit has been reached. As the L1 based on Move, 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 realize 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 according to this rule, locked tokens held by investors or core contributors cannot be used for staking. Movement's Layer1 blockchain will also become an early adopter of the Move 2.0 language features. Move 2.0 has added basic developers' functions such as enum types and function values. Movement says that when the time is right, the state of the network, off-chain storage and on-chain frameworks will be migrated. The published smart contracts have not changed, user funds have not changed, and a public test network for developers will be launched soon.