N1

N1 Chain is on a mission to create blockchain applications that match the convenience and speed of traditional Web2 services while retaining the core advantages of Web3—decentralization and security.

How It All Began
After the collapse of FTX and Luna in 2022, it became clear that centralized crypto systems lacked trust. Against this backdrop, the idea for Nord emerged—a decentralized exchange (DEX) designed to handle massive transaction volumes with the same speed and ease as centralized platforms, while offering the security and transparency inherent to blockchain technology.

Nord’s Achievements
To achieve this ambitious goal, the team overcame several significant technical challenges:
High Performance
Nord achieved 200,000 transactions per second (TPS) by optimizing data storage and processing. They reimagined traditional approaches and leveraged cutting-edge servers and technologies to maximize performance.
System Reliability
Transaction data is processed across three levels, including multi-layered backups. This ensures security even in the event of equipment failure or other unforeseen issues.

Fast Transaction Finalization
The team developed a hybrid transaction confirmation mechanism that combines the strengths of zero-knowledge proofs (zkProofs) with optimistic methods. This innovation reduced wait times and improved reliability.
Ethereum’s Limitations

Despite Nord’s success, the team encountered several roadblocks:
Slow Processing Times: Ethereum, the platform Nord was built on, proved too slow for large-scale applications.
High Costs: Handling large volumes of data on Ethereum was expensive and unsustainable in the long term.
Dependency on Other Teams: Infrastructure development relied on external projects with different priorities and timelines.

These challenges led N1 to take a bold step: gaining full control of the process by creating infrastructure capable of handling high loads efficiently.

What Makes N1 Unique
N1 is building an ecosystem where the entire technical stack—from data processing to transaction finalization—is under their control. This approach enables them to:

Increase transaction processing speed.
Reduce transaction costs.
Maintain decentralization and security.

What’s Next?
N1 is working to make Web3 applications fast, user-friendly, and accessible. Their goal is to deliver the best of blockchain technology without compromising on comfort and reliability.

This is a groundbreaking step that redefines how blockchain applications are created

#n1 #web3 #web2