#ALTrestaking
$ALT AltLayer Ecosystem ( $ALT ) is is an ecosystem developed by AltLayer, its goal is to create custom blockchains for projects using cumulative technology. And its potential is focused on the scalability of Ethereum.
What do they enable?
- Scalability: AltLayer blockchains can process many more transactions per second compared to Ethereum's main Ethereum network, potentially reducing transaction fees and congestion.
- Customizable blockchains: AltLayer allows projects to build their own blockchains on top of Ethereum's main Ethereum network r]
- Security: they inherit the security of the Ethereum network.
Benefits they bring us:
- Lower fees: AltLayer could be lower than on the Ethereum mainnet.
- Faster transactions: faster transaction processing compared to the Ethereum mainnet.
- Flexibility:Allows you to develop projects with specific features and functionalities to suit your needs.
- Interoperability:AltLayer blockchains are designed to be interoperable with the Ethereum mainnet.Allowing assets and data to flow between them.
reALT restaking model.
Improve return on capital investment by allowing users to simultaneously stake their tokens on the main blockchain as well as other protocols, thus supporting multiple networks at once. It provides users with additional rewards for safeguarding more protocols, The main goal of restaking to make the process simpler for Blockchain developers to launch new projects without the burden of accumulating their own operator networks, or validators, and staked tokens to ensure the security of these new systems. It is revolutionizing blockchain scalability and security with its rollup technology and innovative use of the EigenLayer reset system. Its architecture, which includes VITAL for decentralized verification, MACH for fast locking and SQUAD for decentralized sequencing, ensures a robust and efficient ecosystem. The no-code Rollups-as-a-Service platform simplifies the creation of rollups, addressing both temporary and long-term needs.
Binance introduces Binance Launchpool! ALT Farm betting BNB and FDUSD
And so was their announcement Binance is pleased to announce project number 45 on Binance Launchpool - AltLayer (ALT) , a platform for launching native and re-stacked rollups with Optimistic and ZK Rollup Stacks. Users will be able to stake their BNB and FDUSD in separate pools to farm ALT tokens for six days , with farming starting from January 19, 2024 at 00:00 (UTC).
How do the restored rollups work?
It enhances blockchain rollups using the EigenLayer restore system. This increases decentralization, security, interoperability and efficiency. These rollups use three Actively Validated Services (AVS):
- VITAL (Decentralized Verification): ensures rollup status is correct with community verification, managing both fraud to provide robust L1-level security.
- MACH (Fast Completion): Reduces transaction completion time from about 13 minutes on L1 networks to less than 10 seconds. Improves interoperability between rolls and adds additional layers of verification and security.
- SQUAD (decentralized sequencing): Involves the community in sequencing, reducing single points of failure. This increases the utility of rollup tokens and reduces censorship risks.