Ethereum

Solana

Layer N, a high-performance blockchain backed by Peter Thiel’s Founders Fund, has evolved into N1, a full-stack app-focused Layer-1 blockchain.
N1 is built to prioritize scalability and performance, allowing new crypto applications that weren’t possible before. Its goal is to make it easy to run any code or app on-chain with just two clicks.
N1 intends to embrace an app product-centric strategy. It will be the first chain to provide Typescript app development support. Other languages like Solidity, Rust, and C are also in the process, significantly lowering the learning curve for deploying on-chain apps.
Additionally, N1 will offer native tools like a ‘hub’ wallet for managing assets across apps, a wallet widget for easy login across apps, and a simple deployment interface for developers to launch and manage apps with just two clicks.
N1 is collaborating with several teams to launch new and improved crypto apps. Sushi is creating Susa, a perpetual DEX, and Kubo, a revolutionary advanced AMM protocol, which can only exist on N1 because of its computational complexity.&nbsp;
Amber Group, a major market maker backed by Paradigm, is working on its own perpetual DEX with innovative asset listings and deep liquidity. Mindshare is a new social-fi app that lets users trade crypto narratives, and there’s also a Westworld-inspired on-chain AI world simulation in development. These apps are special because their complexity makes them impossible to build on other platforms.
Initially, N1 was designed as an L2 solution for Ethereum and became the first L2 to reach 100k transactions per second (tps) on its testnet. Now, N1 has kept its high-performance execution layer but replaced Ethereum’s settlement layer with its own full-stack Layer-1 infrastructure.
This shift happened because Ethereum was limiting scalability. With this new setup, N1 can offer 10-100 times the performance of existing blockchains, with transaction speeds exceeding 100,000 tps.
Dima Romanov, CEO and co-founder of Layer N, stated, “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.”
The N1 team has secured significant investment from Founders Fund, Multicoin, dao5, Kraken, Amber, GSR, and SALT. Before launching N1, the team developed a high-performance on-chain orderbook on Solana that handled over half a billion dollars in volume.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/08/17/paypals-peter-thiel-warns-society-isnt-ready-for-bitcoins-potential/" target="_blank" rel="noopener noreferrer nofollow">PayPal’s Peter Thiel Warns Society Isn’t Ready for Bitcoin’s Potential</a>
</blockquote>

Thiel-Backed Startup Launches Layer-1 Blockchain N1

The Crypto Times

Other articles published on Dec 6, 2024

XRP bulls could face ‘bloodbath’ if Bitcoin dominance rises: Analyst

BTC Report: Bitcoin Nears $99k, Trump Announces AI and Crypto Czar

Semler Scientific Boosts Bitcoin Holdings Significantly

Qubetics Reaches Over $4.4Million During Presale, Making Investors Shocked, While Filecoin and Al...

Anaxi Labs and Carnegie Mellon University’s CyLab Unveil a Breakthrough Proof System (6 Dec)

BTFD Lucrative Presale Leads the Best Meme Coins to Buy This Weekend While BONK Eyes Resistance a...

Join our free newsletter for daily crypto updates!