N1 is purported to process 100,000 transactions per second, placing it among the fastest blockchains.
Peter Thiel-backed blockchain technology firm Layer N has announced a full pivot to “N1,” a new proprietary blockchain purportedly capable of “hyperfast” transactions and aiming to implement traditional tech coding languages such as Typescript, Rust and C.
Now known as N1, the company originally launched its blockchain services on Ethereum as a layer-2 blockchain. With the pivot, Layer N is no more, and the company says it is solely focused on developing what it deems the “next generation” of blockchain technology.
N1 announces the switch to its proprietary blockchain technology. Source: N1
