Layer N Unveils N1 Layer1 Blockchain To Power The Next Generation Of Apps
In Brief
Layer N transforms to a new type of Layer 1 blockchain designed to enable next-generation apps with 100,000 TPS and multi-language support.
High-performance blockchain project Layer N has unveiled its evolution to N1, a full-stack, application-centric Layer 1 blockchain focused on scalability and performance. This transition aims to support a new generation of cryptocurrency applications that were not possible before. N1’s core goal is to enable the seamless execution of any code or application on-chain with just two clicks.
“We are proud to introduce a new, innovative blockchain, one that combines unprecedented computational capabilities with developer-friendly features to enable a new class of decentralized applications,” said Dima Romanov, CEO and co-founder of Layer N, in a written statement.
N1 is adopting a hyper-focused, application and product-centric approach, aiming to be the first blockchain to support Typescript for application development, with plans to include additional languages such as Solidity, Rust, and C in the future. This move is designed to reduce the learning curve for developers deploying applications on-chain. Additionally, N1 will offer native applications like a ‘hub’ wallet for managing assets across multiple applications, a wallet widget to streamline cross-application login experiences, and a deployment interface similar to Vercel, allowing developers to launch and manage applications with just two clicks.
N1 is also collaborating with several teams to launch new and enhanced cryptocurrency applications. Sushi is developing Susa, a perpetuals decentralized exchange (DEX), along with an advanced Automated Market Market (AMM) protocol named Kubo, which requires the unique computational capabilities of N1. Amber Group, a major market maker backed by Paradigm, is incubating its own perpetual DEX protocol, which will offer innovative asset listings and deep liquidity. Mindshare is a new SocialFi application that will enable users to directly trade cryptocurrency narratives. Additionally, a Westworld-inspired on-chain AI world simulation is being developed. All of these applications share a key characteristic: their computational complexity makes them impossible to build on other platforms.
What Is N1?
Originally designed as a Layer 2 solution for Ethereum, N1 later became the first Layer 2 to achieve a 100,000 transactions per second (tps) benchmark on testnet. N1 has maintained its high-performance execution layer, but it has replaced Ethereum’s settlement layer with its own full-stack Layer 1 infrastructure. This shift was prompted by Ethereum’s limitations as a bottleneck in scaling, allowing N1 to provide 10 to 100 times the scalability and performance of existing blockchains, with transaction speeds expected to exceed 100,000 tps.
The team behind N1 has secured substantial investment from major players, including Founders Fund, Multicoin, dao5, Kraken, Amber, GSR, and SALT. Before N1, the team built a high-performance on-chain order book on Solana that processed over half a billion dollars in volume.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
