Why Layer N
Layer N is designed with one mission in mind: to expand what's possible on-chain.
To do so, Layer N has a 2-part approach. Part I) Bring on-chain applications to feature and performance parity with centralized systems. On-chain applications simply can't compete against their centralized counterparts if they are magnitudes slower, more expensive, with less features. Part II) Once at feature parity, enable something irreproducible in the centralized world: seamless composability with thousands of open and innovative on-chain applications through native direct composability and liquidity sharing without withdrawal latencies or bridging risks.
Layer N's solution is a novel L2 StateNet architecture, designed to maximize performance and UX, built on top of a shared communication and liquidity layer.
Blockchain application development is constrained
There are currently two main approaches towards building applications on-chain. One is to build in a monolithic environment like Ethereum mainnet, Solana, Arbitrum, etc. The advantage here is native composability with other applications that share the same environment. The major downside is cost and performance. Application share the same compute and gas bandwith as thousands of other applications, leading to constrained computational scale and freedom (i.e. harder to implement complex and creative features), and degraded user experience.
The other approach is to launch as a standalone rollup. The advantage here is a purpose-built, customizable and dedicated compute environment that makes it easier to build scalable applications. The major downside is the inability to quickly and natively communicate, compose, and share liquidity with other applications, whether other standalone rollups or applications in shared environments. Solutions like bridges and interoperability frameworks exist, but those don't solve major issues such as third party bridge risks, and withdrawal periods that exist on optimistic-style rollups, leading to constrained access to liquidity, flow of liquidity, and ability to integrate with other applications.
Towards a StateNet future
The Layer N StateNet is a network composed of n-th XVMs ↗ built on a shared communication and liquidity layer. The Layer N StateNet is focused on eliminating blockchain application development constraints, specifically:
- Achieving performance similar to centralized systems in terms of latency and throughput
- Enabling seamless communication and liquidity sharing between all applications
As such, the Layer N StateNet enables developers to build with unconstrained scale, and unconstrained composability.
The Layer N StateNet was designed with a vision to be a foundational network for the secure internet, as such, many networking concepts were inspired directly from how the internet itself works.
Core Principles
Security: Crypto was built to become a more secure form of money. As such, the infrastructure and systems that enable it must be held to the highest standards of security.
Censorship Resistance: Crypto was built on the principle of censorship resistance to enable a fair and unopinionated playing field for all. As such, crypto systems must process transactions judgement-free.
Innovation: Crypto moves forward when builders focus on novel innovative approaches to existing problems. Layer N's goal is to increase the innovation surface area.