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What The Hell Is This Layer-N?
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April 13, 2024
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Introduction

In the last few years, we’ve seen many blockchains built to tackle some of the current challenges facing blockchain applications but up till now, the most used smart contract-based blockchain is still slow and very expensive to use. Another difficulty with the blockchains we have is the composability of blockchains. This is the ability for an application to connect with other applications on a different blockchain without hiccups. This is still a challenge in the crypto ecosystem. 

Layer N 

A new blockchain tech Ethereum layer 2, Layer N, is being developed to address these challenges. Layer N is a layer two network designed to improve blockchain application development and the user experience on Ethereum. It aims to achieve feature and performance parity with centralized systems and enable the seamless composability of applications. In the following section, I will explain the pieces of Layer N that make it a great solution for the blockchain industry. 

Components of Layer N

The Layer N suite consists of many moving parts to provide a comprehensive platform for scaling blockchain infrastructure.

Cross-Virtual Machines (XVM)

Before explaining XVMs, we need to understand what virtual machines are.

In blockchains, virtual machines (VMs) are like interpreters for a main computer which consists of many individual computers working together. These VMs ensure all computers run the same instructions for smart contracts and applications, creating a secure and standardized way to execute them on the blockchain network. The most popular VM is the Ethereum Virtual Machine

A virtual machine (VM) defines the execution environment, and state access rules for programs built on it. Each VM is run on a single rollup in the Layer N StateNet and has access to the wider network of VMs through a shared communication and liquidity layer. There are 2 types of VMs: Generalized VMs and application-specific VMs.

A Cross-Virtual Machine is a custom platform that allows smart contract code written on a blockchain with its specific virtual machine to interact with other smart contract ecosystems. To understand it better, I broke down the functions of a cross-virtual machine: 

  • Defines the Execution Environment: An XVM sets the stage for programs to run. It provides the necessary resources and tools, like memory and processing power, for the program to function on Layer N.

  • State Access Rules: The XVM determines how programs access and interact with data. This ensures programs operate securely and efficiently within the XVM's boundaries.

  • Single Rollup Execution: Each XVM runs on a specific rollup within the StateNet. Rollups are a way to bundle transactions on the blockchain, making them more efficient.

  • Network Communication & Liquidity: While running on a single rollup, XVMs can communicate and share resources with other XVMs through a dedicated layer. This allows programs built on different XVMs to interact and access shared data or liquidity pools.

Types of XVMs:

  1. Generalized VMs (XVMs): These are versatile virtual machines and can run any kind of code. This makes them ideal for developers who want to build a wide range of applications on Layer N.

Example:  N-EVM

NEVM is Layer N's super-fast blockchain built for everyone. It lets developers use familiar tools (Solidity) to build powerful applications that can interact seamlessly with other parts of the Layer N network.

  1. Application-Specific VMs: These are tailored for specific purposes. They have pre-configured settings and limitations that optimize them for a particular type of application, to improve performance and security.

          Example: NordVM

NordVM is the first app-specific powerhouse on Layer N. It works as a lightning-fast exchange built specifically for high-speed trading (think tens of thousands of orders per second!).  It connects seamlessly with other Layer N features (coming soon) for added flexibility. Unlike some exchanges, NordVM keeps everything transparent and on-chain for extra security.

Image

The StateNet: A Game Changer from Layer N

StateNet is a system designed by Layer N to expand the capabilities of blockchain technology. It achieves this by providing the performance of modular standalone rollups while retaining the synchronous composability benefits of the monolithic stack. This means it offers the benefits of both modularity and composability.  

In simpler terms, StateNet allows developers to create faster and more efficient blockchain applications that can interact with each other more easily. It accomplishes this through a network of virtual machines (VMs) that can communicate with each other. These VMs can be general-purpose or designed for specific applications. StateNet also includes features like message queues, routers, and a gatekeeper to handle communication and asset flow.

In a simpler way:

  • Modular Standalone Rollups (Speed) as used above: Imagine mini-blockchains acting like independent shops in a big marketplace. Transactions within them happen quickly because they don't rely on the main server. Imagine each shop has its own efficient cash register, processing transactions much faster. This is what it means to have the performance of such apps in Layer N

  • Synchronous Composability (Working Together): Unlike separate shops on different streets as I mentioned above, these shops can still communicate with each other easily. This allows you to move your assets (crypto) between them seamlessly, just like you could walk between shops in the same marketplace.

So, think of StateNet as a platform running just like the system I have described. 

StateNet represents a significant leap forward in achieving Layer N's vision.  Current on-chain applications often struggle with performance limitations and difficulty interacting with each other (composability). StateNet tackles both issues. By employing a combination of Generalized VMs (GVMs) and Application-Specific VMs (XVMs), StateNet empowers developers with flexibility and efficiency. GVMs allow for building smart contracts in any language, while Application-Specific VMs offer optimized performance for specific applications. 

The Benefit of StateNet For Ethereum Mainnet

StateNet acts as a powerful scaling solution for the Ethereum network. By processing transactions off-chain (Layer 2), StateNet helps alleviate congestion and reduce transaction fees on the main Ethereum blockchain. This translates to a more scalable and cost-effective environment for developers to build decentralized applications. Moreover, StateNet maintains its security by leveraging Ethereum's robust security infrastructure, ensuring a safe and reliable environment for users.

Benefit of StateNet To Users

StateNet ultimately aims to enhance the user experience within the blockchain space. Faster transaction processing times achieved through StateNet will lead to quicker confirmations and a smoother user experience. With StateNet, there is also a guarantee of low fees across transactions on-chain.

Additionally, the composability of StateNet allows for the development of more complex and interconnected dApps, providing users with a wider range of innovative applications and functionalities. 

StateNet, with its specialized virtual machines, bridges this fragmentation of liquidity by enabling smoother communication between many isolated liquidity pools on Ethereum.  

  • Interoperable VMs: StateNet uses VMs that can communicate with each other. This allows DeFi applications built on different VMs (even different blockchains) to interact and access shared liquidity pools.

  • Reduced Friction: By facilitating communication between VMs, StateNet could reduce the friction involved in moving assets between different DeFi applications. This could involve features like:

    • Liquidity Swaps: Imagine a "currency exchange" within StateNet that allows users to easily swap tokens between different liquidity pools residing on different VMs.

    • Cross-chain Bridges: StateNet can act as a bridge between different blockchains, allowing DeFi applications on separate chains like Optimism, Arbitrum and Base to access each other's liquidity.

By addressing the scalability and composability challenges, StateNet paves the way for a more user-friendly ecosystem.

Testnet Stage

Layer N conducted a successful closed testnet showcasing the innovative Nord Engine, a rollup engine specifically designed for high-speed trading. This engine enabled the network to process a staggering 120,018 transactions per second (TPS), exceeding the performance of current Ethereum scaling solutions by a factor of 100. This breakthrough paves the way for near-instantaneous transactions, a significant advancement considering the limitations of traditional blockchains.

The impressive testnet results stem from a two-pronged approach. Firstly, Layer N leverages EigenDA, a separate data availability layer that allows for secure and cost-effective storage of transaction data, reducing the burden on the main Ethereum blockchain. 

Secondly, the Nord Engine itself is optimized for efficient transaction processing. This combination creates a powerful infrastructure for high-throughput trading within the decentralized finance (DeFi) ecosystem. The upcoming public launch of the testnet will allow a wider audience to experience Layer N's capabilities and contribute to further development.

Null Studios, the team building Layer N  will be conducting the public testnet of Layer N in three distinct phases for the solutions that are being developed. 

The stages are as follows

Phase I  - NordVM 

Phase II - NEVM 

Phase III - StateNet

Stay connected with Layer N by joining the N-armies using the following links:

Website: https://www.layern.com/

Documentation: https://docs.layern.com/

Socials

Twitter: https://x.com/layern_official 

Discord: https://discord.gg/layern 

Telegram Announcements: https://t.me/LayerN_Announcements

 

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Pyth Roadmap update. New institutional product. $PYTH token utility.

🚀 Endorsed by US Government 😉

Op: Pyth Network

00:01:45
September 01, 2025
PYTH NETWORK: The pursuit of transparency 🦅
00:00:09
September 01, 2025
True Story😉

RLUSD adoption will increase demand for XRP. On-Demand Liquidity allows XRP to move large tokenized assets efficiently, bridging digital and traditional finance and supporting global liquidity.

Ever notice how TV shows drop subliminal messages that reveal the story without telling you? The same thing is happening in finance. RLUSD is quietly stepping in to buy US bonds and absorb debt. XRP handles the settlements. Connect the dots, this is the blueprint for global liquidity.

OP: Blackswancapitalist

00:02:25
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
42k Followers

$PYTH we are on key demand zone monthly / weekly, after a 40% correction downard in few days.

Major news has been dropped, selling here & panicking looks stupid for me.

Im Buying more 📈

https://x.com/CryptoJobs3/status/1963975245175435415

80k followers

$PYTH pumped perfectly from the entry I shared.
But got rejected from the pink box.
However, we are now approaching support after the correction.

According to Fib Levels, the green box looks a good zone for reversal. Also, good zone to DCA if you believe in @PythNetwork for the long term.

https://x.com/cryptodoc_/status/1963941809513758761

By 2030, 10% of global assets are expected to be tokenized. 📶

Discover how Ripple Custody delivers enterprise-grade security and the infrastructure for:
🔒 Safekeeping of private keys
💱 Stablecoin issuance
⚙️ Onchain governance & compliance

To seize this opportunity, institutions need a foundation of trust:
https://ripple.com/insights/digital-asset-custody-in-action-three-use-cases-driving-institutional-adoption/

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

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If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
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🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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