TechFlow news, on September 12, according to Cointelegraph, Rushi Manche, co-founder of Movement Labs, said in an interview that the company plans to launch a new mechanism by the end of 2024 enabling fast transaction settlement on Layer 2 (L2) scaling networks. This rapid finality mechanism, called "postconfirmations," is expected to shorten confirmation times to less than one second.
Manche explained that applications can choose to route transactions through a network of validators secured by Movement's native token, MOVE. This approach allows for high throughput while settling on Ethereum when necessary. The MOVE token is expected to launch by the end of 2024. Movement's M2 network will also settle transactions on the Ethereum mainnet, similar to other optimistic rollup solutions. The company is partnering with EigenDA, a data availability service built on EigenLayer, to handle data awaiting settlement on the mainnet.
