AltLayer is a restaking rollup protocol designed to enhance the security, decentralization, and speed of existing rollups in the crypto market, such as Op Stack, ZKStack, and Arbitrum Orbit. It aims to provide a crucial infrastructure layer for the next generation of scalable blockchain applications.
Table Content:
- Core Products and Functionality
- Restaked Rollups: Amplifying Scalability and Security
- VITAL: Ensuring Rollup Integrity
- MACH: Accelerating Transaction Processing
- SQUAD: Decentralizing the Sequencer
- RaaS: Empowering Web3 Development
- ALT Token: Powering the Ecosystem
- Key Metrics
- Use Cases
- Token Allocation and Release Schedule
- Roadmap and Milestones
- Team, Investors, and Partners
- Team
- Investors
- Partners
Beyond bolstering current rollups, AltLayer offers Rollup-as-a-Service (RaaS) to Web3 projects, featuring two key products:
- Versatile Rollup Stack: This empowers developers to build critical rollups for essential ecosystem functions like data availability and settlement.
- No-code Dashboard: This user-friendly interface enables developers with limited Web3 experience to easily deploy and manage their own rollups. This democratizes access to advanced scaling solutions.
Significantly, AltLayer secured recognition and investment from Binance Labs as one of four Most Valuable Builder (MVB) projects in Season 6, alongside Sleepless AI, KiloEX, and Kinza.
Core Products and Functionality
Restaked Rollups: Amplifying Scalability and Security
AltLayer’s Restaked Rollup service provides an additional rollup layer on top of existing rollups. This “layer-on-layer” approach significantly improves transaction throughput and decentralization. It leverages Actively Validated Services (AVS), specialized validators dedicated to specific layers like sidechains and data availability layers. Key AVS components include:
VITAL: Ensuring Rollup Integrity
VITAL (short for Validated Integrity Transaction and State Layer) acts as a bridge between rollups and Layer 1. It verifies transactions and state from the rollup, ensuring network security. This information is then relayed to Layer 1 for transaction execution, boosting the security and decentralization of the underlying rollup.
Critically, VITAL can initiate fraud proofs to Layer 1 if discrepancies are detected within the rollup, acting as a robust security mechanism against malicious actors.
MACH: Accelerating Transaction Processing
MACH focuses on optimizing transaction speed for rollups. It offers three distinct modes of operation:
- Pessimistic: Prioritizes security by requiring double verification of all transactions. Ideal for high-security rollups where speed is less critical.
- Optimistic: Assumes transaction validity unless challenged, offering faster processing but with a slightly higher risk.
- Validity Proof: Leverages the decentralized MACH network to verify transaction validity, balancing speed and security.
SQUAD: Decentralizing the Sequencer
Addressing the centralized sequencer issue common in Layer 2 solutions, SQUAD enhances the decentralization of transaction ordering. Traditionally, single sequencers handle verification and ordering, creating potential bottlenecks and MEV vulnerabilities. SQUAD distributes this responsibility, mitigating these risks and enhancing overall network resilience.
RaaS: Empowering Web3 Development
AltLayer’s Rollup-as-a-Service (RaaS) offering simplifies rollup deployment for Web3 projects. It provides:
- Versatile Rollup Stack: A comprehensive suite of essential rollup components, including settlement and data availability layers, supported by industry leaders like Optimism, Celestia, and EigenLayer.
- No-code Dashboard: A user-friendly interface allowing developers to quickly create and customize execution layers without extensive coding knowledge. This significantly lowers the barrier to entry for building scalable dApps.
Furthermore, AltLayer developed FlashGPT, an AI chatbot specifically designed to assist users in building rollups and creating smart contracts.
ALT Token: Powering the Ecosystem
ALT, the native token of the AltLayer protocol, plays a crucial role in governance and staking.
Key Metrics
- Name: AltLayer
- Ticker: ALT
- Blockchain: Ethereum, BNB Chain
- Contract:
- Ethereum: 0x8457CA5040ad67fdebbCC8EdCE889A335Bc0fbFB
- BNB Chain: 0x8457CA5040ad67fdebbCC8EdCE889A335Bc0fbFB
- Type: Utility, Governance
- Total Supply: 10,000,000,000 ALT
- Circulating Supply: 1,100,000,000 ALT
Use Cases
ALT token holders can participate in:
- Governance: Voting on key protocol decisions.
- Staking: Securing the network and earning rewards.
Token Allocation and Release Schedule
Roadmap and Milestones
Key milestones in AltLayer’s development include:
- September 9, 2022: Launch of the Dark Forest game.
- April 24, 2023: Introduction of FlashGPT, the AI chatbot.
- August 22, 2023: Release of the AltLayer Rollup SDK and API.
- December 19, 2023: Introduction of the Restake Rollup feature.
Team, Investors, and Partners
Team
AltLayer is led by experienced Web3 professionals, including:
- Jia Yaoqi (CEO & Founder): Co-founder and former CTO of Zilliqa, and advisor at Parity Technologies.
- Tan Hun Hao (Head of Product): Co-founder of Zilliqa.
Investors
Notable investors include Polychain Capital, Jump Crypto, Breyer Capital, and Binance Labs.
Partners
AltLayer collaborates with key players in the crypto ecosystem, including Arbitrum, Orbiter Finance, Celestia, and EigenLayer. These partnerships are instrumental in driving adoption and fostering innovation within the rollup space. AltLayer is positioned to play a significant role in the future of blockchain scalability.
