What is Layer N? Layer N is a new Layer 2 solution introduced to the Crypto community with completely new technologies compared to what the market currently has. So is Layer N really a good Layer 2 platform? Let’s find out together in the article below.
To better understand Layer N, people can refer to some of the articles below:
- What is Layer 2? Complete Guide to Layer 2 Solutions
- What is Arbitrum (ARB)? Arbitrum Cryptocurrency Overview
- What is Optimism (OP)? Overview of Cryptocurrency Optimism
Layer N Overview
What is Layer N?
Layer N is a set of Layer 2 solutions with Rollup technology aimed at financial applications with the goal of providing a user experience similar to Web2 with fast, cheap and simple thereby competing. directly with today’s traditional financial platform. Layer N includes a number of key products such as:
- N – EVM: Is a Permissionless Rollup designed towards decentralized financial applications and has a high level of compatibility with Ethereum. Developers on Ethereum can easily scale their products over Layer N through N – EVM.
- Nord: Is an Exchange Rollup designed to focus on fast, cheap transactions and extremely low latency. Nord can execute 100K requests per second with latency under 100 milliseconds.
- NordX: Is a product aimed at business customers.
Layer N promises 100x the scalability of Solana, 300x of Polygon & StarkNet and 10,000x of Ethereum with transaction fees under $0.01.
Layer N is zkRollup or Optimistic Rollup?
Layer N uses zkRollup technology with some notable features as follows:
- Layer N does not appreciate the continuous creation of transaction proof, so Layer N only creates ZK proof when necessary, so transaction fees on Layer N will be significantly reduced compared to some zkRollup platforms. normally. Besides, Layer N also built a system to help save transaction fees and users can withdraw money faster with ZK technology.
- Layer N uses Ethereum as the dispute resolution layer when it occurs but will choose Eigen Layer as the Data Availability layer, this makes Layer N continue to reduce transaction fees when not stored directly on Ethereum.
- Layer N also builds an Inter-Rollup Communication Protocol (IRC) that maintains seamless communication between Rollups. This makes liquidity between Rollups less fragmented and more concentrated.
Layer N’s mechanism of action
Layer N similar to many other Rollup platforms will work through some basic steps such as:
- Step 1: Transactions are executed on Rollups and closed into a Block by the Sequencer.
- Step 2: Prover will create ZK evidence in necessary cases.
- Step 3: Block and transaction proof will be sent to Eigen Layer.
- Step 4: Block will be agreed and stored at Eigen Layer.
Development Roadmap
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Core Team
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Investor
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Tokenomics
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Exchanges
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Project Information Channel
- Twitter: https://twitter.com/LayerN_Official
- Website:
Summary
Layer N is a zkRollup platform worth looking forward to in the near future with many promising products. However, the project is only in the early stages of development, so more observation and research is needed.