Originally published on: December 05, 2024
A cutting-edge blockchain technology firm, Layer N, backed by Peter Thiel, recently made waves with a significant announcement. The company has decided to shift its focus entirely to a new proprietary blockchain called N1. This revolutionary blockchain is said to offer lightning-fast transactions and will support traditional programming languages like Typescript, Rust, and C.
Initially launched as a layer-2 blockchain on Ethereum, Layer N has rebranded itself as N1 to signify its dedication to developing the next generation of blockchain technology. The move marks a significant shift in the company’s direction and vision for the future of blockchain.
N1’s proprietary blockchain is designed to enable new generation applications with impressive capabilities, including 100,000 transactions per second (TPS) and multi-language support. This high TPS rate puts N1 among the fastest blockchains in terms of transaction speed.
While it remains unclear when N1 will achieve the targeted TPS rate of 100,000, the project’s ambition and technological advancements make it a promising contender in the blockchain space. In addition to its impressive TPS rates, N1 also boasts support for popular programming languages like Typewrite, Solidity, Rust, and C, with plans to expand to support any code language for any application.
N1 has also forged partnerships with industry leaders like Sushi and Amber Group, signaling its commitment to collaboration and innovation. The company is actively developing projects like Mindshare, a SocialFi app, and a unique “Westworld-inspired onchain AI simulation,” showcasing its ability to tackle complex and groundbreaking initiatives.
With its ambitious goals, innovative technology, and strategic partnerships, N1 is poised to disrupt the blockchain sector and pave the way for the future of decentralized applications. Backed by the investment firm of tech titan Peter Thiel, N1 has the potential to make a significant impact in the evolving landscape of blockchain technology.
