Description

Here’s how it works:

• Focus on Financial Applications: Layer N is specifically created for financial uses on Ethereum, aiming to outperform traditional financial networks.

• Solving Scalability and Performance Issues: While scalability has improved with Layer 2 solutions, many remain isolated and underperforming. Layer N proposes a modular blockchain system that connects various rollups to facilitate transactions within its ecosystem.

• Modular Ecosystem: Layer N acts as a plugin where DeFi applications can connect to specialized roll-ups. These roll-ups enhance performance, throughput, and composability (the ability to combine different components).

• Enhancements Offered by Layer N:

  • Performance: Hyper-specialized rollups and short transaction validation times boost overall performance. Their DEX rollup, Nord, competes with centralized exchange (CEX) performances.
  • Throughput: Improved with EigenDA, a scaling solution using restaking to secure data. Layer N also compresses data significantly to reduce transaction costs.
  • Composability and IRC: Inter-Rollup Communication (IRC) allows different rollups to communicate instantly and bridge liquidity easily.

• Products in Development: The team is working on three main products:

  • Nord Engine: A decentralized exchange chain (DeX Chain).
  • N-EVM: An Ethereum Virtual Machine compatible chain.
  • NordX: A chain designed for institutional use.

In summary, Layer N offers a novel approach to blockchain for financial applications, focusing on connectivity, performance, and cost-effectiveness. It's developing solutions to address current limitations and enhance the efficiency of decentralized finance (DeFi).