Harsh Vardhan
Layer N, a blockchain project supported by Peter Thiel’s Founders Fund, has unveiled its transformation into N1, a full-stack Layer-1 blockchain designed to enable advanced decentralized applications (dApps).
Announced in New York on December 5, 2024, N1 introduces a groundbreaking platform capable of supporting highly complex crypto applications with transaction speeds exceeding 100,000 transactions per second (TPS).
N1 aims to redefine the blockchain landscape by focusing on scalability, multi-language development support, and application-centric features.
The project is designed to make blockchain accessible for developers and to enable applications that were previously too computationally demanding for other networks.
Developer-friendly tools to boost adoption
A standout feature of N1 is its support for Typescript app development, with plans to incorporate other programming languages such as Solidity, Rust, and C.
This multi-language compatibility significantly lowers the barrier to entry for developers transitioning to blockchain technology.
N1 also offers native tools tailored to streamline app deployment and management:
- Hub Wallet: Simplifies cross-application asset management.
- Wallet Widget: Provides a unified login experience across multiple dApps.
- Vercel-like Deployment Interface: Allows developers to launch and manage apps with just two clicks.
These features aim to attract developers by delivering the same ease of use seen in traditional software deployment, making blockchain integration seamless.
Innovative dApps coming to N1
N1 is collaborating with several teams to launch apps that leverage its computational capabilities:
- Susa: A perpetuals decentralized exchange (DEX) developed by Sushi, featuring Kubo, a novel AMM protocol.
- Amber Group’s Perpetual DEX: Offers innovative asset listings and deep liquidity.
- Mindshare: A social finance (SocialFi) app enabling users to trade crypto narratives.
- Onchain AI Simulation: A Westworld-inspired project designed for real-time AI-driven world-building.
These applications are distinguished by their computational complexity, which makes them impractical on existing blockchains. N1’s architecture provides the infrastructure necessary to power such next-generation apps.
High-performance infrastructure
Originally developed as a Layer-2 solution for Ethereum, N1 has evolved into a full-stack Layer-1 blockchain after Ethereum’s settlement layer proved to be a bottleneck for scaling.
By replacing Ethereum with its own infrastructure, N1 can deliver transaction speeds up to 10-100 times faster than current blockchains.
N1’s high-performance execution layer retains its L2 origins, having achieved 100,000 TPS on testnets.
This scalability opens the door for dApps with unprecedented speed and efficiency, addressing a critical limitation of earlier blockchain platforms.
Significant backing and proven expertise
The N1 team has secured investments from high-profile backers, including Founders Fund, Multicoin, dao5, Kraken, Amber, GSR, and SALT.
Prior to launching N1, the team developed a high-performance orderbook on Solana that processed over $500 million in trading volume, showcasing their technical capabilities and expertise.
N1’s transformation into a Layer-1 blockchain signals a new chapter for blockchain technology, offering unparalleled computational power and a developer-friendly ecosystem.
By enabling applications that were once deemed too complex, N1 is poised to drive innovation and expand the horizons of decentralized technology.
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