N1 (formerly Layer N) is a new Layer 1 high-performance blockchain. It focuses on overcoming blockchain limitations with fast transactions, minimal delays (low latency), and dedicated computing power.
What is N1
Here's how it works:
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N1 Origins: N1 was initially launched as Layer N, a high-performance Layer 2 solution for Ethereum. It was designed to tackle Ethereum’s scalability challenges by providing faster transaction speeds, lower fees, and better scalability. In December 2024, Layer N officially rebranded and launched as the N1 blockchain.
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Horizontal Scalability: Think of N1 like a system where each app runs in its own separate space, similar to how different apps on your phone don’t interfere with each other. This design allows the whole network to handle more users and transactions smoothly. As more people (validators) join to help maintain the network, its speed and efficiency actually improve, rather than slowing down. N1 claims to deliver over 100,000 TPS (transactions per second), which is significantly higher than most existing blockchains, like Ethereum or Solana. This scalability makes high-frequency trading, AI applications, and other computationally intensive dApps possible.
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Native Bridging: N1 has natively built a bridge to Solana. This removes the need for third-party bridges and ensures a smooth user experience. Funds move easily between apps and blockchains without extra steps.
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Developer-Friendly Environment: Developers can use multiple programming languages, like Typescript, C, Rust and Solidity. This approach makes it easier for traditional developers to transition into blockchain development without having to learn entirely new programming languages.
In summary, N1 is a developer and user friendly Layer 1 blockchain that is designed for scalability and efficient decentralized applications.
Team of N1
Dima Romanov
Co-founder and CEO
Dima Romanov transitioned from a career at Morgan Stanley into blockchain. He built a high-performance on-chain order book on Solana. This order book processed over $500 million in volume.
David Cao
Co-founder
David Cao specializes in designing asynchronous execution layers. He also optimizes blockchain infrastructure for financial applications. His work aims to streamline institutional onboarding.
Sheheryar Parvaz
Co-founder
Sheheryar Parvaz focuses on improving blockchain performance and making it user-friendly. He makes blockchain technology easier and more efficient. This allows developers to spend more time creating better products instead of fixing technical issues.
Funding of N1
Undisclosed amount
Strategic Round (2023)
BlackPine was the sole investor in this round.
$5,000,000
Seed Round
The investors included Founders Fund and dao5 as lead investors, along with Kraken Ventures and Spencer Noon.
Undisclosed amount
Strategic Round (2022)
The investors in this round were Solana Ventures, FTX Ventures, Solana Foundation, Raj Gokal, and Anatoly Yakovenko.
N1 review
Pros
Scalability and Performance
N1 is scaling as more validators joins and in testnet phase it enables 100,000+ transactions per second (TPS). Its scalable design ensures that performance stays fast and efficient without slowing down.
Developer Accessibility
N1 will support multiple programming languages, including Typescript, Solidity, Rust, and C. This multi-language approach lowers the barrier for Web2 developers transitioning to Web3.
Robust Network
N1 is designed to keep transactions safe and protect the network from cyber threats. The whole architecture of the project is developed to block attacks that try to overload the system (DDoS attacks.
Cons
Unverified Mainnet Performance
While testnet results claim over 100,000 TPS, the mainnet's current performance is unverified at this scale. Achieving such throughput (the amount of data processed in a given time) in a live environment is challenging.
Adoption Risk
Potential Security Vulnerabilities
N1 aims to enhance security through its architecture, but the use of complex configurations could introduce new vulnerabilities.