New York, New York, December 5, 2024, Chainwire
Layer N unveils its transformation into a brand new kind of Layer-1 aimed toward enabling next-generation functions with 100,000 tps and multilingual help
Layer N, the high-performance blockchain undertaking backed by Peter Thiel's Founders Fund, introduced its evolution into N1, an application-centric, full-stack Layer 1 blockchain designed to prioritize scalability and efficiency , with a purpose to allow a brand new wave of cryptographic functions that would not exist earlier than. N1's imaginative and prescient is to take any code, any software and run it on-chain in two clicks.
N1 is able to undertake a hyper software and product centric method. Will probably be the primary chain to allow help for Typescript software improvement (with different languages like Solidity, Rust, and C additionally within the works), considerably decreasing the educational curve for deploying functions on chain. N1 may also function native apps resembling a pockets hub for cross-app asset administration, a pockets widget for unified cross-app login experiences, and a Vercel-style deployment interface. permitting builders to launch and handle functions in 2 clicks.
N1 can be working intently with a couple of groups to launch solely new and/or improved crypto functions. Sushi is creating Susa, its flagship perpetual DEX, in addition to a brand new superior AMM protocol known as Kubo that may solely exist on N1 because of its computational complexity. Amber Group, the main market maker backed by Paradigm, is incubating its personal perpetual DEX protocol which can see revolutionary asset listings and vital liquidity. Mindshare is a brand new social app that can permit customers to immediately trade crypto tales. And a Westworld-inspired on-chain AI world simulation is in improvement. All of those apps have a singular theme: they can’t be constructed elsewhere because of their computational complexity.
Initially designed as an L2 answer for – which later grew to become the primary L2 to attain a 100,000 tps benchmark on testnet – N1 retained its high-performance execution layer whereas changing the Ethereum settlement layer with its personal full-stack L1 infrastructure. This improvement outcomes from Ethereum changing into the bottleneck to reaching higher scale. This permits N1 to ship 10 to 100 occasions the scalability and efficiency of current chains, with transaction speeds anticipated to exceed 100,000 tps.
“We’re proud to introduce an revolutionary new blockchain, combining unprecedented computational capabilities with developer-friendly options to allow a brand new class of decentralized functions,” says Dima Romanov, CEO and co-founder of Layer N.
The crew behind N1 has attracted vital investments up to now, together with from Founders Fund, Multicoin, dao5, Kraken, Amber, GSR and SALT. Previous to N1, the crew constructed a high-performance on-chain order e book that processed over half a billion in quantity.
In regards to the N1:
N1 is a high-performance Layer 1 blockchain designed to allow the subsequent technology of cryptographic functions. Based by a crew of trade veterans whose expertise spans initiatives resembling DFINITY, Morpho, and Solana, N1 helps a number of programming languages and delivers transaction speeds in extra of 100,000 tps. The platform focuses on incubating and supporting revolutionary functions that push the boundaries of what’s potential within the blockchain area.
ContactDan EdelsteinPR@marketacross.com
This text was initially printed on Chainwire
