Movement, an Ethereum Layer 2 (L2) blockchain whose co-founder was involved in controversy and ousted earlier this year, said it plans to launch its own Layer 1 blockchain while its current on-chain activity is showing a gradual decline.
In an X announcement on Tuesday, Sept. 16, Move Industries, the team behind the project, said that the network has “hit our ceiling as a sidechain,” arguing that moving from being an L2 on Ethereum to its own independent Layer 1 would boost performance to “10k+ TPS at sub-second latency.”
The team also promised native staking, validator-based security and an upgrade to “Move 2,” an updated version of its programming language.
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