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Movement Network to Transition into Layer1 Blockchain, Supporting Native Token Staking and Move 2.0
Summary: In a recent announcement, Move Industries revealed that Movement Network will transition from a sidechain architecture to an independent Layer1 blockchain. The company stated that this move will significantly enhance performance, support native token staking, and provide support for Move 2.0. As a Layer1 blockchain, Movement will be able to process over 10,000 transactions per ...
In a recent announcement, Move Industries revealed that Movement Network will transition from a sidechain architecture to an independent Layer1 blockchain. The company stated that this move will significantly enhance performance, support native token staking, and provide support for Move 2.0. 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, a substantial improvement from the current network's limit of 500-600 TPS.
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Link: Movement Network to Transition into Layer1 Blockchain, Supporting Native Token Staking and Move 2.0 [Copy]
