Binance has initiated Launchpool for the AltLayer project but what is AltLayer? How can we buy?

AltLayer is an open and fully decentralized protocol for rollups, usable by anyone. It introduces the Restaked Rollups framework, facilitating the launch of local and reorganized rollups with Optimism and ZK rollup stacks. The ALT coin serves as AltLayer's native token, utilized for economic ties, governance, protocol incentives, and fees.

AltLayer is an open and entirely decentralized protocol for rollups. It presents a novel Restaked Rollups concept, taking rollups from any stack (such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack) and providing them with advanced security, decentralization, interoperability, and swift crypto-economic settlement in transactions. In this article, you can find answers to questions like what AltLayer is, what the native asset ALT coin represents, and how to acquire ALT coin on Binance.

What is AltLayer?

AltLayer is a fully decentralized protocol accessible to anyone, facilitating the launch of local and reorganized rollups with both Optimism and ZK rollup stacks. It introduces an innovative rollup framework called Restaked Rollups. Restaked rollups offer a common framework for application-specific rollups leveraging the rollup stacks and EigenLayer's economically bonded network for bootstrapping the network. They provide advanced security, decentralization, interoperability, and swift crypto-economic settlement for application-specific rollups benefiting from EigenLayer's reconstruction mechanism.

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