Check out Binance's 45th Launchpool: Alt Layer
What is AltLayer?
AltLayer (ALT) is a project providing advanced solutions, an open protocol for rollups. The solution this project offers is “Rollup-as-a-Service” (RaaS), which allows developers to use Layer 2 in a simpler way. Simply put, they can easily exploit Layer 2 applications easily without code, with just a few simple steps to create a custom rollup. Roll up technology is a solution that helps expand and increase security by processing transactions outside the blockchain, then being wrapped and transferred to the main chain. AltLayer is a further evolution, as they can provide security, decentralization, etc. for existing rollups such as Polygon CDK, OP Stack, ZK Stack. So what this project aims to do is completely solve the scalability, when the explosion of DeFi or Web3 that I mentioned in previous articles is huge in this uptrend season. How does AltLayer work? AltLayer's product, Retaked Rollup, is a service that provides Rollup Layers for many different Rollups, contributing to enhancing transaction processing and decentralization within a project.
With the trio of active authentication services (AVS), which are validators to authenticate on specific layers such as Sidechain and DA Layers. Currently, Retaked Rollup's AVS includes: VITAL VITAL acts as an AVS positioned between Rollup and Layer 1, verifying transactions and status from Rollup to ensure network security. It then transfers the information to Layer 1 to perform transactions, enhancing the security and decentralization of Rollups.
In case a violation is detected from Rollup, VITAL can perform fraud proof and send it to Layer 1. Fraud proof allows people to submit evidence over a period of time to prove fraudulent activity or error. cheat. MACH MACH is an AVS designed to increase transaction speed for Rollup through three modes: Pessimistic: Any Rollup transaction deemed invalid will need to be re-verified twice, increasing security. Optimistic: Rollup provides the block state to the MACH to prove state tampering. Validity Proof: Verify the validity of transactions committed by Rollup, taking advantage of the decentralization of the MACH network to ensure the accuracy and safety of the system. SQUAD SQUAD is an AVS that supports sequencer hierarchies. Sequencers are typically used in Layer 2 or Rollup to verify and sequence transactions, collecting transaction fees for verification. AltLayer applies SQUAD to Rollups to increase the hierarchy of the sequencer, minimizing issues such as maximum extractable value (MEV) or performance dependence on a single sequencer.
Learn a little about RaaS RaaS provides Rollup services for Web3 projects with two main products: Versatile Rollup Stack: AltLayer provides essential layers for projects looking to build a Rollup, including a settlement layer for transaction processing and validation as well as data availability for extensibility through storage data storage. These versatile Rollup panes are supported by projects like Optimism, Celestia, EigenLayer. No-code Dashboard: RaaS service for developers or users who do not have much experience in creating code. Therefore, no-code technology allows users to create executable classes in just 5 minutes. AltLayer has also developed FlashGPT, an AI chatbot application focused on assisting users in building Rollups and creating smart contracts Thus AltLayer's approach involves leveraging AVS to enhance security, speed and decentralization in Rollup technology. The RaaS offering provides accessible solutions for Web3 projects, catering to developers who are inexperienced and/or limited in building code.
. Huge team and backers: The project is supported by reputable investors such as Polychain Capital, Binance Labs and Jump Crypto, and has a team with experience in blockchain development. Growing Demand for Rollup Solutions: As blockchain adoption increases, demand for efficient scaling solutions like Rollup is likely to increase, potentially benefiting AltLayer. Airdrop for early backers: The recent airdrop for early contributors demonstrates the project's commitment to motivating its community Defect: Early stages: AltLayer is still in development and not yet publicly launched.
Its technology and token system undergo changes before its official launch. Competition: There are several other Rollup projects in the market and AltLayer will need to compete for and share the market. summary This will be an interesting project as what the team can do is worth looking forward to. This project is expected to lead the RaaS trend as well as the Eigenlayer segment. With a project born at the foot of this big growth wave with a huge backer, I will continue to monitor the price when listing to make long-term investment decisions. To compare with the recent continuous Lauchpool projects on Binance, I personally consider this a bright spot compared to the remaining projects. The above are just my personal opinions so that everyone can understand what the project serves. You can learn more about tokenomics, the team,... to have future investment plans. .
