Originally published on: December 05, 2024
Layer N, a blockchain technology company backed by Peter Thiel, has made a significant announcement regarding its shift towards N1, a new proprietary blockchain. The company is leaving behind its Ethereum-based services to focus solely on developing what it calls the “next generation” of blockchain technology.
N1 promises to revolutionize the industry with its hyperfast transactions and multi-language support for coding languages like Typescript, Rust, and C. The proprietary blockchain aims to enable new generation applications with an impressive 100,000 transactions per second (TPS) capacity.
While it remains to be seen when N1 will achieve this ambitious TPS rate, the company’s commitment to supporting various programming languages sets it apart in the blockchain space. Partnerships with industry players like Sushi and Amber Group, along with projects like Mindshare and a unique onchain AI simulation, showcase N1’s potential to disrupt the sector.
Backed by Peter Thiel’s investment firm, Layer N’s pivot to N1 signals a new era in blockchain technology. Stay tuned as N1 continues to push the boundaries of what is possible in the world of blockchain. Subscribe to the Cointelegraph Research Newsletter for more groundbreaking updates.
