Layer N, backed by Peter Thiel, has made a groundbreaking announcement this week. The Ethereum-based Layer 2 solution is transforming into its own Layer 1 blockchain, N1. This evolution is set to revolutionize the way developers build applications, offering a platform where futuristic decentralized applications (DApps) can be created with ease.
N1 promises to provide developers with a high-performance blockchain that boasts 100,000 transactions per second (tps) and multi-language support. This transition from Layer 2 to Layer 1 is a significant step towards addressing the scalability and speed issues that have plagued the Ethereum blockchain. With N1, developers can expect better speeds, improved performance, and enhanced scalability as the platform gears up for global adoption.
The N1 blockchain is designed to empower the next generation of crypto applications. Developers can leverage their existing coding languages to connect their apps to the Layer 1 blockchain and run them on-chain in just two clicks. This user-friendly approach aims to make on-chain app deployment accessible to a wider pool of developers, including those new to Web 2 development.
One of the key features of N1 is its support for Typescript app development, with plans to add compatibility for other languages like Solidity, Rust, and C in the near future. This move is expected to significantly reduce the learning curve for deploying on-chain apps, making it easier for developers to create innovative DApps on the platform.
The N1 blockchain also offers a range of native applications, including a ‘hub’ wallet for seamless asset management across different applications, a wallet widget for unified cross-application login experiences, and a deployment interface similar to Vercel for easy application launch and management.
The team behind N1 has garnered the support of several investors and partners, including Founders Fund, Multicoin, dao5, Kraken, Amber, GSR, and SALT. These partnerships highlight the growing interest in N1 and its potential to drive innovation in the decentralized application space.
As N1 continues to evolve, it aims to enable the development of next-gen applications that push the boundaries of what is possible in the crypto space. With its high-performance execution layer and full-stack L1 infrastructure, N1 is poised to deliver 10-100 times the scale and performance of existing chains, with transaction speeds exceeding 100,000 tps.
In conclusion, N1’s transformation from Layer 2 to Layer 1 marks a significant milestone in the blockchain industry. With its focus on developer-friendly features and support for a wide range of languages, N1 is well-positioned to become a hub for next-gen products and applications in the decentralized space. Stay tuned for more updates on N1’s progress as it continues to redefine the future of blockchain technology.