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Tag: Layer-1

  • N1 Blockchain Emerges as a High-Performance Layer-1 for Next-Generation Apps

    N1 Blockchain Emerges as a High-Performance Layer-1 for Next-Generation Apps

    n1 launches layer-1

    Key takeaways:

    • N1 enables 100,000 transactions per second and supports multi-language app development for next-gen decentralized applications.
    • Key features include native apps for asset management, cross-app login, and seamless app deployment.
    • Backed by Founders Fund, Multicoin, and others, N1 onboards pioneering projects like Sushi’s perpetuals DEX and Amber’s novel DEX protocol.

    A new frontier for app-centric blockchain development

    Layer N, known for its high-performance blockchain solutions, has rebranded and evolved into N1—a full-stack Layer-1 blockchain engineered for scalability and versatility. With support from prominent investors such as Peter Thiel’s Founders Fund, Multicoin, dao5, Kraken, and others, N1 aims to foster applications that demand unparalleled computational power and accessibility.

    Unlike traditional blockchains, N1’s infrastructure is built to support a broader range of programming languages, starting with Typescript, and plans to incorporate Solidity, Rust, and C. Developers can expect native features such as a hub wallet for managing assets across apps and a user-friendly deployment interface akin to modern web development tools. These advancements are tailored to make app creation and on-chain deployment more accessible, reducing complexity while enhancing functionality.

    Pioneering applications

    N1’s ecosystem is already attracting groundbreaking projects. Sushi is developing Susa, a perpetuals decentralized exchange (DEX) paired with Kubo, an advanced automated market maker (AMM) protocol leveraging N1’s computational scalability. Amber Group, backed by Paradigm, is designing a perpetual DEX with novel asset listings and liquidity features. Other projects include Mindshare, a social finance app for trading crypto narratives, and a Westworld-inspired on-chain AI simulation, both leveraging N1’s robust infrastructure to achieve functionalities unfeasible on other blockchains.

    Originally an Ethereum Layer-2 solution that achieved 100,000 transactions per second on testnet, N1 pivoted to a standalone Layer-1 platform to overcome Ethereum’s scalability limitations. The new architecture integrates high-performance execution with a comprehensive infrastructure, achieving transaction speeds up to 10-100 times faster than existing networks.

    “We are proud to introduce a new Innovative blockchain, one that combines unprecedented computational capabilities with developer-friendly features to enable a new class of decentralized applications.”
    —Dima Romanov, CEO and co-founder of Layer N.

    The bottom line

    N1 positions itself as a transformative Layer-1 blockchain, fostering innovative applications that redefine what is achievable in the decentralized space. By blending scalability, developer accessibility, and computational power, N1 is setting the stage for a new era of blockchain-driven solutions.

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  • Privacy Blockchain Namada Seeks Osmosis Grant and Proposes Airdrop

    Privacy Blockchain Namada Seeks Osmosis Grant and Proposes Airdrop

    osmosis

    Key Takeaways

    • Namada, a privacy-focused L1 blockchain, has proposed collaborating with L1 Osmosis to enhance both ecosystems and benefit all parties.
    • The collaboration seeks to show close ties between Namada and the Osmosis protocol.
    • Namada is working on implementing its asset privacy protection method, known as “shielded actions,” on the Osmosis platform, allowing Namada’s assets to remain concealed when not actively traded on Osmosis.

    Christopher Goes, Co-Founder of Namada, a privacy-focused L1 blockchain with multi-chain capabilities, has offered a collaboration with L1 Osmosis. This collaborative action desires to enhance both ecosystems and provide considerable benefits, particularly for holders of $OSMO tokens, stakers, and liquidity providers (LPs) who would qualify for an upcoming airdrop initiated by Namada.

    According to Namada CEO Goes, the intention of the L1 blockchain platform is to allocate continuous public goods to a grant fund managed by the Osmosis Grant Program.

    Airdropping the planned NAM tokens to OSMO investors is an effort to establish close ties with the Osmosis protocol.

    Co-Founder Christopher Goes said the aforementioned grant program will support many privacy-focused research and development projects that will add value to both Cosmos-based Osmosis and Namada.

    Namada is also actively working towards executing its asset privacy protection method on Osmosis. Referred to as “shielded actions,” this functionality would allow assets on Namada to remain concealed when not actively involved in trades on the Osmosis platform, as explained by Christopher Goes.

    Additionally, Goes stated; “It would be pretty boring if you only had assets and couldn’t do anything with them,” and “So we expect that people want to go to Osmosis”

    The Swiss non-profit Anoma Foundation, a subsidiary of Namada, is expected to reserve a portion of Namada’s staking token, NAM, for airdrops to OSMO holders. However, there is no development regarding distribution or snapshot yet. Presumably this distribution will happen after Namada goes live.

    As the Osmosis community has yet to weigh in, the airdrop timeline or amounts are unclear. Christopher Goes stated that he’s seeking the community’s input and permission to proceed with the proposal, which will be subject to an OSMO governance.

    About Namada

    Namada is a sovereign proof-of-stake blockchain that utilizes Tendermint BFT consensus. It offers a range of features, including the ability to conduct private transfers for various native or non-native assets through a multi-asset shielded pool derived from the Sapling circuit. Namada also boasts comprehensive support for the IBC protocol, an integrated Ethereum bridge, a modern proof-of-stake system with automatic reward compounding and cubic slashing, a stake-weighted governance signaling mechanism, and a proactive/retroactive dual public goods funding system. Users who engage in shielded transfers are incentivized with native protocol tokens to reward their contributions to the privacy setting. A multi-asset shielded transfer wallet is provided to ensure secure and private user interactions with the protocol.

    Conclusion

    The requested partnership of Namada and Osmosis could be an example of future collaborations between blockchain projects, demonstrating a viable strategy for securing funding and fostering cooperation in a competitive market.