Binance’s 45th Launchpool project, AltLayer (ALT), is an open decentralized protocol designed specifically for rollups, offering Rollups-as-a-Service. In addition, AltLayer utilizes “Restaked Rollups” to achieve a more decentralized scalability vision. This article is sourced from SevenX Ventures.
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AltLayer: The Newly Listed Project on Binance Launchpool
AltLayer is a decentralized protocol that promotes the launch of native and restaked rollups through the stacking of Optimistic and zk rollups.
AltLayer is a top Rollup-as-a-Service (RAAS) provider aimed at achieving a more modular world.
Although there are already many rollup frameworks available, such as OP Stack, Arbitrum Orbit, ZKStack, and Polygon CDK, there are still some obstacles to launching rollups, such as configuration, 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 within minutes, just as simple as launching a dApp. It is worth noting that AltLayer also supports the innovative Flash Layer launch, which is a temporary and one-time rollup solution to meet the needs of temporary rollups such as NFT minting. The customizable 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).
AltLayer is the only platform that provides restaked rollup services. AltLayer’s restaked rollup is essentially a set of three vertically integrated Active Validation Services (AVS) that are built for specific rollups and compatible with all underlying rollup stacks.
VITAL (Decentralized rollup state verification)
MACH (Fast finality network)
SQUAD (Decentralized sorting framework)
By incorporating decentralized validation, fast finality, and decentralized sorting, AltLayer achieves a more decentralized, secure, interoperable, and efficient rollup. Through modular, decentralized, temporary, fast finality, and restaked rollups, AltLayer accelerates the scalability of Web3.
Investors in AltLayer 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).
AltLayer provides a versatile rollup stack that has been integrated with all mainstream modular technology stacks to meet various rollup requirements. Additionally, AltLayer is the only RAAS platform that natively supports WebAssembly (WASM). As it runs natively in WASM, it supports non-EVM runtime. Users can launch rollups using various settlement layers such as Ethereum, Avalanche, Arbitrum, etc.
AltLayer has a fast product iteration and stays at the forefront of technology. AltLayer collaborates closely with industry leaders such as OP Labs, RISC Zero, and EigenLayer to continuously update and iterate its products:
AltLayer collaborates with EigenLayer to build restaked rollups and support EigenDA. The restaked rollup stack, including VITAL and MACH, will be gradually released in 2024.
AltLayer collaborates with RISC Zero to develop zero-knowledge fraud proofs (zk-fraud proof). For more details, please refer to the related presentations by AltLayer in our closed-door research activities.
AltLayer has launched the Turbo rollup framework for Autonomous Worlds. Turbo features include:
– Nearly instant confirmation time [improving latency]
– Dynamic block rate [improving efficiency]
– Zero gas fees [no need for account abstraction]
– Horizontal scalability [scalable operations]
– Burner wallet management system [seamless user experience]
– Verifiable random number generator [reliable and verifiable source of randomness]
AltLayer has also introduced the flashgpt layer, which is a Siri-like assistant for deploying rollups and smart contracts. FlashGPT is supported by OpenAI’s GPT language and seamlessly 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, used for the following functions:
– Economic staking: ALT tokens are used together with staked assets for economic staking. If malicious behavior is detected, the staking will be penalized.
– 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.
Related Reports:
– Vitalik Buterin Supports Ethereum Validium as a Better Choice for Many Dapps Than Rollups
– Google Cloud Joins Ethereum Restaking Protocol “EigenLayer” Testnet and Participates in Goerli Node Operations
– Why Now is the Best Time to Pay Attention to LRT “Liquidity Restaking Tokens”