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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 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 under one second, a substantial upgrade from the current network’s 500-600 TPS limit. The Layer 1 blockchain design aims to fully leverage the performance potential of the Move Virtual Machine (MoveVM) while removing the centralized sequencer that poses a single point of failure 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 this helps tie staking rights to genuine, active holders. Movement will also be among the early adopters 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, with plans to complete the mainnet migration by the end of 2025.
In a previous announcement in May, Movement Labs restructured and rebranded as Move Industries, implementing a new governance and product roadmap.