Layer N, originally known for its high-performance blockchain capabilities, has rebranded as N1, a full-stack, app-focused Layer-1 blockchain. Supported by Peter Thiel’s Founders Fund, N1 aims to redefine blockchain application development by emphasizing scalability, computational power, and user accessibility. This transformation marks a significant evolution in the platform’s capabilities and mission, as it seeks to enable innovative decentralized applications that were previously unfeasible on other platforms.
Prioritizing Scalability and App Development
N1’s architecture is designed to streamline the process of running on-chain applications. By adopting an app-centric strategy, the platform allows developers to execute any code or deploy apps with minimal effort, requiring just two clicks. N1 also introduces support for app development in popular programming languages such as TypeScript, with plans to integrate additional languages like Solidity, Rust, and C. This approach significantly reduces barriers for developers, fostering a more inclusive environment for blockchain app creation.
To further simplify development and user engagement, N1 provides native tools such as a centralized wallet for managing assets across applications, a wallet widget for seamless login experiences, and an intuitive deployment interface for developers to manage their projects efficiently.
A New Era of Decentralized Applications
N1 is collaborating with prominent teams to pioneer groundbreaking crypto applications. Among these is Sushi, which is developing Susa, a perpetual decentralized exchange, and Kubo, an advanced automated market maker (AMM) protocol. These applications are uniquely suited to N1 due to their computational complexity, which other platforms struggle to handle.
Amber Group, a well-known market maker backed by Paradigm, is also creating its perpetual decentralized exchange on N1, featuring innovative asset listings and deep liquidity pools. Other initiatives include Mindshare, a social finance platform allowing users to trade crypto narratives, and an AI-driven on-chain simulation inspired by Westworld. These projects leverage N1’s unparalleled computational capabilities, setting a new standard for blockchain-based applications.
Overcoming Scalability Constraints
N1’s journey began as a Layer-2 (L2) solution for Ethereum, achieving a milestone of 100,000 transactions per second (tps) on its testnet. However, limitations in Ethereum’s settlement layer prompted a shift to a full-stack Layer-1 infrastructure. This transition has allowed N1 to retain its high-performance execution layer while significantly enhancing scalability. The platform now delivers transaction speeds 10 to 100 times faster than existing blockchains, maintaining its position as a leader in blockchain technology.
Visionary Leadership and Strong Financial Backing
N1’s CEO and co-founder, Dima Romanov, emphasized the platform’s groundbreaking computational capabilities and developer-friendly features, which aim to enable a new class of decentralized applications. The team behind N1 has a proven track record, having previously developed a high-performance on-chain order book on Solana that facilitated over half a billion dollars in trading volume.
The platform has secured substantial investments from renowned entities such as Founders Fund, Multicoin, dao5, Kraken, Amber, GSR, and SALT. These investments underscore the confidence in N1’s potential to transform the blockchain landscape.
Setting New Standards in Blockchain Innovation
N1’s unique combination of performance, scalability, and developer-centric tools positions it as a game-changer in the blockchain space. With its ability to handle unprecedented computational demands, N1 is not only empowering developers to create complex decentralized applications but also setting a new benchmark for what is achievable in the rapidly evolving blockchain ecosystem.
