Summary
- Movement Labs announced it will transition to a Layer 1 blockchain.
- This transition aims for performance improvement, providing local staking, and the adoption of Move 2.0.
- The company said it plans to expand the ecosystem and significantly enhance developer and user experience.
On the 16th (local time), foreign media reported that blockchain software developer Movement Labs announced it will transition to its own Layer 1 blockchain.
The purposes of this transition are performance improvement, providing local staking, and the adoption of the next-generation programming language Move 2.0. Movement Labs plans to use this to expand its own ecosystem and significantly enhance developer and user experience.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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