As a seasoned analyst with years of experience in the blockchain industry, I find N1’s transformation from Layer N to N1 truly intriguing. Having witnessed the evolution of numerous blockchains, I can confidently say that N1’s focus on scalability, performance, and app-centric strategy sets it apart from its competitors.
The blockchain supported by Peter Thiel’s Founders Fund, known as Layer N, has now transformed into N1, a comprehensive Layer-1 blockchain with a primary focus on applications.
One way to rephrase the given text could be as follows:
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.
Furthermore, N1 introduces user-friendly tools such as a centralized ‘hub’ wallet for handling assets across multiple applications, a convenient wallet widget for seamless login across different platforms, and a streamlined deployment platform that allows developers to effortlessly set up and administer apps using only two clicks.
As a researcher, I’m excited to be part of the team that’s collaboratively working towards the launch of cutting-edge crypto applications. Specifically, we’re seeing the creation of two groundbreaking projects: Susa, a sophisticated Decentralized Exchange (DEX) with a perpetual model, and Kubo, an advanced Automated Market Maker (AMM) protocol that leverages complex computations, both of which can only find their home on our platform, N1, due to its unique computational capabilities.
Amber Group, a significant market maker supported by Paradigm, is developing its unique Decentralized Exchange (DEX), featuring groundbreaking asset listings and abundant liquidity. Meanwhile, Mindshare represents a novel social-finance application that empowers users to trade cryptocurrency narratives. Additionally, there’s an on-chain AI world simulation inspired by Westworld in the works. What sets these applications apart is their intricacy, making them unfeasible for construction on other platforms.
Originally, N1 was developed as a Layer-2 solution for Ethereum and broke ground by achieving over 100,000 transactions per second (tps) on its test network. Now, N1 continues to maintain its high-speed processing capabilities but has swapped out Ethereum’s settlement layer with its own comprehensive Layer-1 infrastructure.
The transition occurred due to scalability constraints in Ethereum. However, with the new configuration, N1 boasts a performance potential that is 10 to 100 times superior to existing blockchain platforms, capable of handling transaction speeds surpassing 100,000 per second.
Dima Romanov, the CEO and co-founder of Layer N, announced with pride the launch of an innovative blockchain. This unique blockchain offers extraordinary computational power alongside user-friendly features for developers, opening up a fresh category of decentralized apps.
The N1 group has successfully obtained substantial funding from Founders Fund, Multicoin, dao5, Kraken, Amber, GSR, and SALT. Prior to the launch of N1, the team had already built a high-speed on-chain orderbook on Solana, processing transactions worth more than half a billion dollars in total.
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2024-12-06 04:36