Thiel-Backed Startup Launches Layer-1 Blockchain N1 to Allow New Technology Apps

New York, New York, December fifth, 2024, Chainwire

Layer N unveils its transformation into a brand new kind of Layer-1 aimed toward enabling new technology purposes 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 purposes 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 ready to take a hyper app and product-centric strategy. It is going to be the primary chain to allow Typescript app growth assist (with different languages like Solidity, Rust, and C additionally within the pipeline) massively lowering the educational curve for deploying onchain apps. N1 will even have native apps corresponding 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 purposes in 2 clicks.

N1 can be working carefully with a few groups on launching totally novel and or enhanced crypto apps. Sushi is growing Susa, their flagship perpetuals DEX alongside a novel superior AMM protocol referred to as Kubo that may solely exist on N1 as a consequence of its computational complexity. Amber group, the foremost market maker backed by Paradigm, is incubating their very own perpetual DEX protocol that can see progressive asset listings, and deep liquidity. Mindshare is a novel socialfi app that can allow customers to immediately commerce crypto narratives. And a Westworld-inspired onchain AI world simulation is below growth. All of those apps characteristic a novel theme: they can’t be constructed elsewhere as a consequence of their computation complexity.

Initially conceived as an L2 resolution for Ethereum – 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 because of Ethereum changing into the bottleneck in the direction of reaching greater scale. This allows N1 to ship 10-100x the size and efficiency of current chains, with transaction speeds set to exceed 100,000 tps.

“We’re proud to introduce a brand new Modern blockchain, one that mixes unprecedented computational capabilities with developer-friendly options to allow a brand new class of decentralized purposes,” says Dima Romanov, CEO and co-founder of Layer N.

The group behind N1 has attracted vital funding thus far together with from Founders Fund, Multicoin, dao5, Kraken, Amber, GSR, and SALT. Previous to N1, the group constructed a high-performance onchain orderbook on Solana that processed over half a billion in quantity.

About N1:

N1 is a high-performance Layer-1 blockchain designed to allow the following technology of crypto purposes. Based by a group of business veterans whose expertise spans initiatives 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 purposes that push the boundaries of what’s potential within the blockchain house.

ContactEdelstein DanPR@marketacross.com

This text was initially printed on Chainwire