Binance Launchpool Project AltLayer (ALT) is an open decentralized protocol designed specifically for rollups, offering Rollups-as-a-Service. In addition, AltLayer also uses “Restaked Rollups” to achieve a more decentralized scalability vision. This article is sourced from SevenX Ventures.
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AltLayer is a decentralized protocol that promotes the launch of native and restaked rollups through Optimistic and zk rollup stacking.
AltLayer is a top RAAS (Rollup as a Service) provider, aiming to achieve a more modular world.
Although there are already many rollup frameworks available (such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.), there are still some obstacles in launching rollups, such as configuration sorting, customization, and version updates.
AltLayer provides a user-friendly codeless launch platform that abstracts all the difficulties and complexities of launching rollups.
AltLayer offers a codeless interface that allows users to quickly launch a new rollup in minutes, just like launching a dApp. It is worth noting that AltLayer innovatively supports Flash Layer launch (FlashLayer is a temporary, one-time rollup provided by AltLayer), meeting the temporary rollup needs such as NFT minting. Customization features provided by the control panel include network-level parameters (such as the number of sorters), chain-level parameters (such as block gas limit, gas token, contract size), and middleware solutions (such as bridging and RPC service providers), etc.
AltLayer is the only platform that provides restaked rollup services.
AltLayer’s restaked rollup is essentially a set of three vertically integrated Active Verification Services (AVS) built for specific rollups and compatible with all underlying rollup stacks.
VITAL (Decentralized rollup state verification)
MACH (Fast finality network)
SQUAD (Decentralized sorting framework)
Through decentralized verification, fast finality, and decentralized sorting, AltLayer achieves a more decentralized, secure, interoperable, and efficient rollup.
By accelerating Web3 scalability through modularity, decentralization, temporary rollups, fast finality, and restaked rollups.
Investors include Polychain Capital, Binance Labs, Jump Crypto, SevenX Ventures, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase and former GP of a16z), Gavin Wood (co-founder of Ethereum and Parity), Sean Neville (co-founder of Circle and architect of USDC), and Ryan Selkis (founder of Messari), etc.
AltLayer provides a versatile rollup stack that has been integrated with all mainstream modular technology stacks to meet different rollup requirements. In addition, AltLayer is the only RAAS platform that natively supports WASM. As it runs natively as WASM, it supports non-EVM runtimes. Users can launch rollups using various settlement layers (such as Ethereum, Avalanche, Arbitrum, etc.).
With close research collaboration with industry leaders such as OP Labs, RISC Zero, and EigenLayer, AltLayer iterates and updates its products rapidly:
AltLayer collaborates with EigenLayer to build restaked rollups and support EigenDA. The restaked rollup stack, including VITAL and MACH, will be gradually launched in 2024.
AltLayer collaborates with RISC Zero to develop zero-knowledge fraud proofs (zk-fraud proof). For more details, please refer to the related speech presented by AltLayer at our closed-door research event.
AltLayer has launched the Turbo rollup framework for Autonomous Worlds. Turbo features include:
– Nearly instant confirmation time [improved latency]
– Dynamic block rate [improved efficiency]
– Zero gas fees [no need for account abstraction]
– Horizontal scalability [scalable operation]
– Burner wallet management system [seamless user experience]
– Verifiable random number generator [reliable and verifiable source of randomness]
AltLayer has also introduced the flashgpt layer, a Siri-like assistant used for deploying rollups and smart contracts. FlashGPT is supported by OpenAI’s GPT language and natively integrated with AltLayer’s launchpad, allowing for the deployment of smart contracts on AltLayer’s Flash Layer in just a few minutes.
ALT is the native token of AltLayer and is used for the following purposes:
– Economic staking: ALT tokens are used in conjunction with staked assets to provide economic staking. If malicious behavior is detected, the stake will be forfeited.
– Governance: ALT token holders can vote on governance decisions.
– Protocol incentives: Operators in the AltLayer ecosystem can earn ALT tokens as rewards for their services.
– Protocol fees: Network participants need to use ALT tokens to pay for internal network services.
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