Nahmii launches Layer 2 solution primed for institutional scale
Nahmii has launched the first layer 2 Ethereum scaling solution capable of achieving true commercial viability with a baseline of top-tier performance, instant finality and low, predictable fees.
“We are truly thankful to the community of developers who provided their feedback throughout the development of Nahmii 2.0, and we are proud of the state-of-the-art scaling solution we are launching today,” says Jacobo Toll-Messia, CEO of Nahmii AS. “This version of Nahmii empowers developers of generalised smart contract-based applications to build solutions with the performance and customisations required at institutional scale.”
Nahmii 2.0 builds on the previous payments-only version of the platform, to support generalised smart contracts and offers unique capabilities which enable institutional use cases. Nahmii is distinguished from other layer 2 platforms due to its unmatched transaction speeds, instant finality and composability that supports individual use cases seamlessly: Instant Finality.
A major limitation faced by other scaling solutions is the delays between transactions done on their protocols and finality, when a transaction becomes irreversible. In contrast, Nahmii’s “state pool” technology combines the instant finality of state channels and the pooled security of other layer 2s to generate transactions that are instantly final and secured by Ethereum. Further, Nahmii alone offers transaction speeds with low latency on par with centralised servers--the holy grail of layer 2 scaling solutions. No other layer 2 can credibly make that claim.
Low and Predictable Fees. One of the key limitations of Ethereum is the unpredictable and prohibitively expensive transaction fees which severely limit its ability to be the base layer for the decentralised web. With Nahmii, developers can leverage the security of Ethereum without the surprise charges. On Nahmii, fees are always known before any transaction takes place.
Composability. Another essential distinction in Nahmii’s favour is optionality for dApp developers to incorporate third-party tools that can provide bespoke functionality for building exactly what they need while taking advantage of Nahmii’s fundamental strengths. For example, a financial institution that is required to comply with KYC/AML rules can include those features while still taking advantage of the unmatched cost structure, speed to finality and security of Nahmii.