Originally published on: December 05, 2024
Layer N, the blockchain technology company backed by Peter Thiel, has made a bold move by pivoting to its new proprietary blockchain called N1. This innovative blockchain promises lightning-fast transactions and boasts compatibility with traditional tech coding languages like Typescript, Rust, and C.
Formerly known as Layer N, the company has decided to fully commit to developing what they believe is the “next generation” of blockchain technology with the introduction of N1. This groundbreaking proprietary blockchain is designed to support a wide range of applications, offering multi-language support and the capability for 100,000 transactions per second (TPS).
The transition to N1 marks a significant milestone for the company as it aims to provide a platform that can meet the demands of high-speed transactions in the blockchain space. While Ethereum co-founder Vitalik Buterin has projected similar TPS rates for Ethereum L1s and L2s in the future, N1’s focus on scalability and performance sets it apart as a potential game-changer in the industry.
One of the key features of N1 is its support for popular programming languages like Typescript, Rust, and C, making it easier for developers to build applications on the platform. The company also has ambitious plans to expand its language support to accommodate any code language for any app, offering a level of flexibility and customization that is unmatched in the current blockchain landscape.
Additionally, N1 has forged partnerships with industry players like Sushi and Amber Group, as well as ongoing projects such as Mindshare, a SocialFi app, and an onchain AI simulation inspired by “Westworld.” These unique applications highlight N1’s commitment to pushing the boundaries of blockchain technology and exploring new possibilities for innovation.
With its impressive TPS capabilities, support for multiple programming languages, and strategic partnerships, N1 is poised to make a significant impact on the blockchain sector. As a disruptor in the making, backed by the expertise of Peter Thiel’s investment firm, N1 has the potential to revolutionize the way we think about blockchain technology and its applications.