Movement Labs Upgrades to Layer 1 Blockchain with Move 2.0 Launch

Movement Labs announced a transition to an independent Layer 1 blockchain, introducing staking for unlocked MOVE tokens, high throughput, and early adoption of Move 2.0 features ahead of a planned 2025 mainnet migration.

MOVE

Summary

Movement Labs revealed that the Movement network will shift from a sidechain model to an independent Layer 1 blockchain to enhance scalability and security. The upgrade introduces staking for unlocked MOVE tokens, aligning rights with active holders. The new network targets over 10,000 transactions per second with sub-second confirmations, removing the centralized sequencer vulnerability of sidechains. Movement will integrate Move 2.0 features, including enum types and function values, with a public testnet to launch soon and full mainnet migration planned by the end of 2025.

Terms & Concepts
  • Layer 1 Blockchain: A base-level blockchain infrastructure responsible for transaction processing and consensus, independent of external networks.
  • Staking: The process of locking or delegating tokens to help secure a blockchain network and earn rewards.
  • Move 2.0: An upgraded version of the Move programming language that introduces advanced features such as enum types and function values for blockchain development.