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New York, New York, December fifth, 2024, Chainwire
Layer N unveils its transformation into a brand new kind of Layer-1 geared toward enabling new era functions with 100,000 tps and multi-language assist
Layer N, the high-performance blockchain venture backed by Peter Thiel’s Founders Fund, has introduced its evolution into N1, a full-stack app-centric Layer-1 blockchain designed to prioritize scalability and efficiency, to allow a brand new wave of crypto functions that couldn’t exist prior. N1’s imaginative and prescient is to take any code, any app, and run it onchain in two clicks.
N1 is about to take a hyper app and product-centric strategy. It will likely be the primary chain to allow Typescript app growth assist (with different languages like Solidity, Rust, and C additionally within the pipeline) massively reducing the training curve for deploying onchain apps. N1 will even have native apps comparable to a ‘hub’ pockets for cross-application asset administration, a pockets widget for unified cross-application login experiences, in addition to a ‘vercel’-like deployment interface for builders to launch and handle functions in 2 clicks.
N1 can also be working intently with a few groups on launching completely novel and or enhanced crypto apps. Sushi is growing Susa, their flagship perpetuals DEX alongside a novel superior AMM protocol known as Kubo that may solely exist on N1 because of its computational complexity. Amber group, the most important market maker backed by Paradigm, is incubating their very own perpetual DEX protocol that may see progressive asset listings, and deep liquidity. Mindshare is a novel socialfi app that may allow customers to straight commerce crypto narratives. And a Westworld-inspired onchain AI world simulation is below growth. All of those apps function a novel theme: they can’t be constructed elsewhere because of their computation complexity.
Initially conceived as an L2 answer for – one which later grew to become the primary L2 to realize a 100k tps benchmark on testnet – N1 has retained its high-performance execution layer whereas changing the Ethereum settlement layer with its personal full-stack L1 infrastructure. The event comes on account of Ethereum turning into the bottleneck in the direction of reaching larger scale. This allows N1 to ship 10-100x the dimensions and efficiency of present chains, with transaction speeds set to exceed 100,000 tps.
“We’re proud to introduce a brand new Progressive blockchain, one that mixes 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 workforce behind N1 has attracted important funding up to now together with from Founders Fund, Multicoin, dao5, Kraken, Amber, GSR, and SALT. Previous to N1, the workforce constructed a high-performance onchain orderbook on that processed over half a billion in quantity.
About N1:
N1 is a high-performance Layer-1 blockchain designed to allow the subsequent era of crypto functions. Based by a workforce of business veterans whose expertise spans tasks like DFINITY, Morpho, and Solana, N1 helps a number of programming languages and delivers transaction speeds exceeding 100,000 tps. The platform focuses on incubating and supporting progressive functions that push the boundaries of what’s potential within the blockchain house.
ContactEdelstein DanPR@marketacross.com
This text was initially printed on Chainwire