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Layer N plans testnet with new funding from Founders Fund
Layer N is uniquely designed as a community of extremely specialised rollups for the monetary ecosystem. These rollups provide hyper-performance and EVM composability below a shared liquidity and a shared communication layer, with the last word objective of Layer N changing into infrastructure optimized for monetary purposes and devoted to onboarding institutional liquidity.
Layer N’s totally modular structure permits the community to be optimized alongside each single part of the stack making Layer N the best choice for corporations constructing advanced monetary protocols and easing the transition for extra conventional corporations and establishments to enter the on-chain world.
Layer N is not going to solely allow high-frequency purposes but in addition extremely intensive and sophisticated computations and transactions which can be presently inconceivable to deploy on present blockchains.
“Step one in direction of a web2 to web3 transition is to resolve the infrastructure scalability downside by enabling purposes to run on actually quick and scalable blockchains. With Layer N, we will lastly allow a complete new class of highly effective purposes”, says
The spherical was co-led by Founders Fund, and dao5, with participation from SALT, Kraken Ventures, Mirana Ventures, Amber Group,
Within the coming weeks, Layer N might be deploying a public testnet the place folks can observe and expertise the efficiency enhancements of Layer N firsthand. The primary undertaking that may go dwell on testnet is Nord, a specialised alternate rollup providing 10-100x higher throughput than present scaling options, and sub millisecond latency. Nord was constructed to be the primary ever on-chain order ebook infrastructure that’s akin to present centralized exchanges from a efficiency, person expertise, and computing perspective. Moreover, it’s totally composable with a public sensible contract EVM layer by means of the Layer N shared communication layer.
Layer N has already secured main liquidity companions and is starting its strategy of speaking with early-stage groups and builders to develop its ecosystem forward of its public launch.
About Layer N
Layer N is a novel layer 2 community designed to hyper-scale monetary purposes on Ethereum. It goals to offer efficiency and person experiences just like fashionable monetary networks, however totally on-chain and decentralized. Builders can construct hyper-performant monetary purposes leveraging shared liquidity and seamless composability. Layer N is bringing the worldwide monetary system to Ethereum.
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