Hello all friends, I would like to take you all to know about the Layer N project. What will be interesting? Come and listen.
A few weeks ago, Layer N announced the launch of the Testnet, which everyone can join and is divided into 3 phases. There are also special activities that Layer N has collaborated with Galxe to create quests. For those who are passionate about Layer N, please join as well.
First of all, before listening to the Quests section on Galxe, let's get to know each other about the 3 phases of testnet first. that the main topics What are the importance + benefits of each phase? How important is it?
PHASE 1 NordVM
PHASE 2 NEVM
PHASE 3 StateNet
Phase 1 - NordVM
NordVM is the first implementation of an application-specific XVM on Layer N. NordVM is an exchange optimized VM that does one thing, and one thing only, extremely well: settle tens of thousands of orders per second on a massively scalable orderbook, at sub-50ms latencies, and enable centralized exchange-like features such as cross-margining and cross-collateral across thousands of markets and assets. NordVM unlocks three key innovations: 1) 10-100x higher performance than existing DEX implementations, 2) full composability and liquidity sharing with other rollups, including EVM rollups and smart contracts, without the need of 3rd party bridges and withdrawal periods, and 3) fully on-chain order settlement, making it fully auditable and traceable (unlike traditional off-chain orderbook models that only settle matched trades).
During this phase, users and developers will be able to interact with a rollup running NordVM and will be able to experience the incredible speed of a Layer N XVM.
Phase 2 - NEVM
NEVM is Layer N’s implementation of a highly performant generalized and permissionless EVM chain. NEVM is fully built in Rust, leveraging a highly optimized execution engine, and allows developers to build smart contracts in Solidity. As part of the Layer N execution layer, all smart contracts and applications on NEVM can seamlessly compose, make smart contract calls, send transactions, and share liquidity with NordVMs and other XVM rollups in the Layer N network (this feature will be enabled through the StateNet).
During this phase, developers will be able to deploy EVM compatible smart contracts and applications.
Phase 3 - StateNet
The StateNet is Layer N’s underpinning architecture that enables inter-VM communication. This standardized message pipelining protocol enables XVM’s built in the Layer N network to seamlessly compose, and to instantly share liquidity between each other. The StateNet is what makes Layer N feel like a monolithic chain to the end user. The StateNet removes friction associated with fragmented liquidity and UX across multiple rollups, and removes the need for users and developers to worry about withdrawal periods, and 3rd party bridges. The StateNet enables a whole new class of applications to be built, ones that can leverage the power of unrestricted compute, without sacrificing seamless composability.
During this phase, XVMs will be made seamlessly composable, and users will experience the fluidity of shared liquidity, while developers can begin to build applications that make full use of this unique composability between rollups.
Let's see how to make a testnet.
1. Complete the wallet connection.
Then link your Tweeter and Discord. And there are quests on Galxe and Zealy included.
2 . Add chain Holesky
https://chainlist.org/chain/17000
3 . Make a faucet request
https://holesky-faucet.pk910.de/
4 . Make the deposit of the testnet funds you just requested on
5 . After everything is complete, trade as you please.
How are you? And for anyone who encounters any problems while participating in Testnet, you can come and report it. Problems can be resolved on Discord or by reading the announcement. To understand more
Finally, let's help push Layer N to greatness together. Good luck to everyone.
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