While scrolling on my X account I came to know about ALTLAYER. While I was doing my research on it I came forward to many elements of AltLayer that nobody should ever miss out on!
Let's contemplate every minute detail of this epic and huge project
ALTLAYER — a decentralized protocol that enables the seamless launch of native and restaked rollups utilizing both optimistic and zk rollup stacks.
In simple words, AltLayer serves as a comprehensive framework for establishing and operating decentralized systems, enhancing their speed and security. By integrating various rollup technologies, it optimizes transaction processing efficiency, essentially serving as a means to modernize and refine the functionality of decentralized systems.
LETS LEARN WHAT ARE ROLL-UPS
⁃ roll-ups are a layer 2 scaling solution designed to increase the throughput of a blockchain network. They work by bundling or "rolling up" multiple transactions into a single transaction, which is then submitted to the main blockchain. This helps reduce congestion on the main chain and can significantly lower transaction fees.
RESTAKED ROLLUPS
AltLayer has pioneered the introduction of restaked rollups to the market. They are making rollups more decentralized, secure, interoperable, and efficient. Yes, you are in safe hands now!
Their restaked rollups comprise three vertically-integrated ‘Actively Validated Services’ (AVS).
You can create each one on demand for a specific rollup. CHOICE IS NOW IN YOUR HANDS
The Three AVSs Include:
1- Vital
2- Mach
3- Squad
WHY AVAIL VITAL AVS?
This provides you with:
1- Ensuring L1-level security with fraud/ZK proof
2- Engaging the community as stakers
3- Enabling permissionless verification with high availability
4- Achieving fast verification and finality
VITAL ensures the accuracy of the rollup's state and rises to the challenge of proving validity or generating and verifying ZK proofs.
WHY TO AVAIL MACH SERVICE?
Mach provides you with:
1- Fast finality of less than 10 seconds compared to L1 finality which is equivalent to 13 mins
2- Fast interoperability across rollups
3- Extra verification with a shared security guarantee
4- MEV mitigation for rollups
Now, Mach is offering exceptional services and I am finely amazed!
MACH offers rapid finality in a matter of seconds through the validation of rollup states, while also providing a shared security guarantee for RPC/bridge/exchanges.
WHY TO AVAIL SQUAD — MY FAVORITE
Squad provides you with:
- No single point of failure
- Increased utility of rollup tokens for staking
- Censorship mitigation
- Involvement of the community as stakers
Instead of relying on a central authority, the community can participate by becoming sequencers and stakers in the rollup, spreading out the responsibility and power across many individuals — THIS IS THE REAL POWER
RAAS (Rollups-as-a-Service)
AltLayer excels at helping projects construct tailored rollups using the full spectrum of major rollup stacks, including OP Stack, Arbitrum Orbit, Polygon CDK, and zkSync ZK Stack, alongside data availability solutions like Celestia, EigenDA, and Avail, among others.
WHY YOU CHOOSE RAAS?
- No technical expertise is required, you can focus on your core business, and leave the rest on AltLayer
- Feel free to modify the gas token, runtime, and other variables according to your requirements.
- Comes with technical and commercial expertise
- Delivers the highest-quality service in the market!
- Provision of end-to-end tooling including explorers, bridges, and others offered as a package
- A simple click and your rollup is ready
- Consistently updated with the latest stable releases to ensure that the system is always equipped with new features and security enhancements.
- All Rollup SDKs Supported - OP Stack, Arbitrum Orbit, Polygon CDK, zkSync ZK Stack
- All Alt-DA Layers Supported — EigenDA, Celestia, Avail, etc.
ALTLAYER STAKING WITH RESTAKED ALT (reALT) TOKENS
As you guys know $ALT is one of the successful launchpools Binance has conducted!
ALT is AltLayer's native utility token and serves several crucial functions within the ecosystem
Economic Bond: ALT tokens provide an economic stake and can be slashed for malicious behavior.
Governance: ALT token holders can vote on decisions.
Protocol Incentivization: Operators can earn ALT tokens as rewards.
Protocol Fees: ALT tokens are required for intra-network services.
ReALT is an acronym for "restaked ALT Token," which is an auto-compounding ERC20 share token designed to capture the ALT staking contribution of a holder and accumulate the compounding rewards earned. This token is distributed to users participating in the main staking pool by staking ALT.
Next is the stALT (staked ALT TOKEN), the token representing your staking contribution in the main staking pool. You can easily convert your stALT token to a reALT token through the portal.
THE reALT OFFERS BENEFITS LIKE:
Auto-compounding of ALT staking rewards will occur weekly, eliminating the requirement to unstake from the main ALT staking pool to participate in Launchpoola. This maximizes the APY from staking.
stALT and reALT ensure a seamless staking and restaking experience.
You can now stake ALT tokens in the main pool to receive reALT tokens. Additionally, the staking portal features a utility tool for converting stALT to reALT tokens.
A GREAT NEWS - Two MACHs Facilitated by AltLayer has gone LIVE on EigenLayer Mainnet
1- AltLayer MACH AVS to serve Optimism mainnet
2- Xterio MACH AVS to serve Xterio’s OP Stack rollup mainnet
The AltLayer MACH will support the widely popular OP Mainnet rollup, while the Xterio MACH AVS is designed to cater to the Xterio rollup, which is specifically tailored for gaming within the OP Stack.
Xterio chain takes the form of a “restaked rollup”, a framework pioneered by AltLayer. Xterio MACH is therefore an instance of an AVS set up for an app-specific rollup. The AVS will validate rollup blocks produced by the Xterio chain and serve as its fast finality layer.
All in all, AltLayer has blown my mind with its vast restaking model to give higher yield to the platforms as well as the community. If you are a operator or owning a project, you can solely rely on AltLayer for getting your things done!
PROJECT LINKS
Website: https://altlayer.io/
Whitepaper: https://docs.altlayer.io/
X: https://twitter.com/alt_layer
Discord: https://discord.com/invite/altlayer
Telegram: https://t.me/altlayer
Medium: https://blog.altlayer.io/