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Movement Network will transform into a Layer 1 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 Layer1 blockchain. The company says this move will significantly improve performance, support native token staking, and provide support for Move 2.
As a Layer1 blockchain, Movement will be able to process over 10,000 transactions per second, with transaction confirmation times of less than one second—an enormous improvement compared with the current network’s 500–600 TPS limit. The Layer1 blockchain design is intended to fully unleash the performance potential of the Move Virtual Machine (MoveVM), while removing the centralized sequencer risk of a single point of failure inherent in the sidechain model.
Only unlocked MOVE tokens are eligible to participate in staking. Under this rule, locked tokens held by investors or core contributors cannot be used for staking. Move Industries says this helps link staking rights to genuine, active holders. Movement will also be an early adopter of Move 2 language features.
Move 2 adds developer foundational features such as enum types and function values. Movement’s Layer1 blockchain will be the first to support these new features. A public testnet for developers is set to launch, and the organization plans to complete the mainnet migration by the end of 2025.
In a prior May announcement, Movement Labs reorganized and rebranded as Move Industries, rolling out a new governance and product roadmap.