New York, New York, December 5, 2024, Chainwire
Layer N unveils its transformation to a brand new Layer-1 kind aimed toward enabling next-generation functions with 100,000 tps and multi-language help
Layer N, a high-performance blockchain mission backed by the Peter Thiel Founders Fund, has introduced its growth of N1, a full-stack, application-focused Layer 1 blockchain designed to prioritize scalability and efficiency to allow a brand new wave of crypto functions that would not beforehand exist. The imaginative and prescient of N1 is to take any code, any software, and run it on the chain with two clicks.
N1 is ready for a hyper-application and product-centric strategy. Will probably be the primary on-chain to help Typescript software growth (with different languages reminiscent of Solidity, Rust, and C additionally within the pipeline), significantly shortening the training curve for deploying onchain functions. The N1 may also have native apps reminiscent of a “hub” pockets for cross-app asset administration, a pockets widget for cross-app single sign-on, in addition to a “vercel”-like deployment interface for builders to launch and handle apps in 2 clicks.
N1 additionally works carefully with a number of groups to launch model new or improved crypto functions. Sushi is creating Susa, their flagship perpetuals DEX together with a brand new superior AMM protocol referred to as Kubo which may solely exist on N1 as a result of its computational complexity. Amber group, a serious market maker backed by Paradigm, is incubating its personal everlasting DEX protocol that may convey revolutionary asset listings and deep liquidity. Mindshare is a brand new socialfi app that may permit customers to commerce cryptographic narratives instantly. And an onchain AI world simulation impressed by Westworld is in growth. All these apps have a singular theme: they can’t be constructed elsewhere as a result of their computational complexity.
Initially conceived as an L2 professional answer – the answer that later grew to become the primary L2 to attain the 100,000 tps benchmark on the testnet – N1 retained its high-performance execution layer and changed the Ethereum settlement layer with its personal full-stack L1 infrastructure. The event comes because of Ethereum changing into a bottleneck to attaining increased scale. This permits N1 to offer 10-100x the size and efficiency of current chains with transaction charges set at over 100,000 tps.
“We’re proud to introduce an revolutionary new blockchain that mixes unprecedented computing energy with developer capabilities that allow a brand new class of decentralized functions,” says Dima Romanov, CEO and co-founder of Layer N.
The group behind N1 has attracted vital funding to date, together with Founders Fund, Multicoin, dao5, Kraken, Amber, GSR and SALT. Previous to N1, the group constructed a high-performance onchain order guide that processed over half a billion in quantity.
About N1:
N1 is a excessive efficiency Layer-1 blockchain designed to allow the following era of crypto functions. Based by a group of business veterans whose expertise contains initiatives reminiscent of DFINITY, Morpho and Solana, N1 helps a number of programming languages and gives transaction speeds exceeding 100,000 tps. The platform focuses on incubating and supporting revolutionary functions that push the boundaries of what’s attainable within the blockchain house.
ContactEdelstein DanPR@marketacross.com
This text was initially revealed on Chainwire
