New York – October 17, 2023 - Layer N, a new blockchain designed to scale novel hyper-performant applications, today announced the hiring of Faraz Shaikh as its VicePresident of Engineering. As Vice President of Engineering, Faraz will focus on further developing the technological capabilities of Layer N, ensuring that the speed and processing of the blockchain have an edge compared to modern financial systems.

Faraz brings several years of experience in the sectors of digital assets and technology, including cloud computing and software development. Most recently, Faraz served as the Chief Technical Officer for Ethereum scaling solution AppVika and as Lead of Engineering at DFINITY, a key contributor to the Internet Computer Blockchain. At both companies, he was responsible for ensuring rapid growth and scalability of the products starting from their launch.

Faraz commented on joining Layer N as VP of Engineering: "I am honored and excited to join the dynamic team at Layer N. Their relentless pursuit of innovation and dedication to engineering excellence in order to make DeFi a competitive trading environment is inspiring. I am eager to contribute my expertise and collaborate with the incredible talent here, as we work together to shape the future of technology and bring groundbreaking solutions to the financial world.”

Faraz will play a significant role at Layer N in preparing the scaling solution for its testnet phase, which the blockchain aims to enter later this year.