AltLayer
AltLayer is an open, decentralized Rollups protocol that introduces the original Resttaken Rollup concept. The protocol supports a variety of Rollup stacks, such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc., and integrates shared ordering services (such as Espresso and Radius) and different DA layers (such as Celestia EigenLayer and Avail), and also contains multiple Customized services covering different layers of the Rollup stack, providing them with enhanced security, decentralization, interoperability and rapid certainty of the crypto-economics.
AltLayer allows developers to easily deploy their own Rollup (RAAS-Rollup as a Service) based on mainstream public chains (such as Ethereum) while ensuring security and decentralization. The unique Rollup execution layer of this application can customize functions and parameters according to project needs, such as transaction fees, consensus, and virtual machines. First deployed directly on the public chain or layer 2 mechanism network, AltLayer provides the project with greater flexibility and controllability. Compared with self-construction, AltLayer reduces maintenance costs and improves resource utilization efficiency. It also supports different rollup SDKs like OP Stack, Arbitrum Orbit, Polygon zkEVM, ZKSync's ZKStack and Starkware, different shared ordering services like Espresso and Radius, and different DA layers like Celestia EigenLayer and Avail and many other different modular services. The number of levels of the summary stack.
Restaked Rollups are a set of vertically integrated Active Validation Services (AVS) created specifically for Rollup to work with any underlying Rollup stack. These three key AVSs provide Rollups with the following services, especially rollups for specific applications:
Vital (AVS for decentralized verification of Rollup status)
Mach number (AVS for finality verification)
Squad (AVS for decentralized sorting execution)
The introduction of this series of services aims to improve the efficiency and functionality of Rollup and make it more suitable for specific application scenarios. Through Restaked Rollups, developers can more flexibly build rollup solutions with strong load and high security, promoting the application innovation of blockchain technology in different industries.
ALT Financing
In July 2022, AltLayer completed a US$7.2 million seed round of financing, led by Polychain Capital, Jump Crypto and Breyer Capital. Polkadot founders Gavin Wood and Balaji Srinivasan, former Coinbase CTO Balaji Srinivasan, Circle co-founder Sean Neville, Synthetix co-founders Kain Warwick and Jordan Momtazi also participated in the investment.
In August 2023, Binance Labs tweeted that it had invested in four outstanding MVB VI projects, including the Ethereum expansion project AltLayer.
What is the future prospect of ALT currency?
ALT coin is a digital cryptocurrency that has attracted much attention in recent years. In the early days of its launch, it attracted much attention due to its cutting-edge blockchain technology and powerful decentralization features. As the number of market participants increases and the market expands, the prospects of ALT coins are attracting more and more attention. So, can the future prospects of ALT coins be as we expect?
First of all, many people in the industry are optimistic about the blockchain technology of ALT coin. This is because ALT coin’s blockchain technology is decentralized and has a more stable and secure trading environment, which will become one of the most basic requirements for digital currency in the future. The development space of blockchain technology is still huge. If ALT currency can once again break through technical barriers and achieve more efficient and high-speed transaction management, then the future prospects will be limitless.
Secondly, the field applications of ALT coins are also constantly expanding, increasing their market influence. At present, ALT currency has penetrated into various industries, such as finance, medical care, real estate, etc., providing more efficient and convenient solutions for transactions and management in the industry. The application in these fields means that ALT currency will have extensive market demand in the future and is expected to become the leader and driver of other digital currencies.
However, as a member of the digital currency market, ALT coins also face many challenges. In addition to the pressure of continuous technological improvement, the emerging digital currencies in the market will also become its market competitors. Moreover, the proud RMB for several years cannot support the heavyweight opportunities in the booming crypto economy market. For ALT coins, it is necessary to continuously improve its value and brand image, so that more users can trust and hold ALT coins to increase its sales and transactions in the market.
In general, the future prospects of ALT currency are still full of suspense, and we cannot accurately predict its final trend. However, it is believed that the incremental development of blockchain technology and industry applications will surely become an important driving force for the sudden emergence of ALT coins, allowing it to occupy a place in the future development of the digital economy. #BTC #ALT
