Buy Altlayer (ALT)

AltLayer is a decentralized blockchain protocol that offers rollups as a service. Rollups are a form of layer 2 scaling solution that bundles transactions and then sends them to the main blockchain in batches, increasing the efficiency and speed of blockchain transactions. AltLayer introduces a new concept called Restaked Rollups, which combines existing rollup stacks such as OP Stack, Arbitrum Orbit, ZKStacks, and Polygon CDK with EigenLayer’s restaking mechanism, improving security, decentralization, interoperability, and speed of transaction processing.

A key feature of AltLayer is its Rollups-as-a-Service (RaaS) launchpad. This platform enables both developers and non-technical users to quickly and easily launch custom rollups. The system is designed for a multi-chain and multi-VM environment, meaning it is compatible with both Ethereum Virtual Machine (EVM) and WebAssembly (WASM). In addition to allowing developers to choose from different execution layers, they can also choose from different rollup SDKs, data availability layers, and settlement layers.

Another innovation from AltLayer is the concept of Ephemeral Rollups. These are temporary rollups that can be quickly set up and dismantled when no longer needed. This is especially useful for dApp developers who are looking to solve peak demand for their applications. With Ephemeral Rollups, they can offer a fast and scalable solution without long-term commitments or high costs. AltLayer’s architecture consists of three main components: VITAL, MACH, and SQUAD. These components work together to create a rollup system that meets the needs of various applications, from DeFi to gaming.

AltLayer offers a wide range of products and services within its ecosystem, such as Injective for DeFi protocols, OP Mainnet for scalable Ethereum layer 2 solutions, and Celer for cross-chain interoperability. The native token of the AltLayer ecosystem, ALT, plays a crucial role. It is used for governance, transactions, rewards, and staking within the network. With the launch of ALT in January 2024, including an airdrop of 3% of the total supply, AltLayer has laid a solid foundation for further growth and adoption within the crypto community.

Who founded AltLayer?

AltLayer was founded in 2021 by Dr. Yaoqi Jia, former Managing Director of Parity Asia and Co-Founder and CTO of Zilliqa. Based in Singapore, the company consists of a team of seasoned professionals with backgrounds at companies such as Parity, Zilliqa, and Synthetix. Since its inception, AltLayer has received significant support from the crypto industry, including a successful $7.2 million seed round led by Polygon Capital, Breyer Capital, and Jump Crypto.

AltLayer offers a wide range of features and use cases for both end users and developers. Here's an overview:

• Launch custom rollups: Users without technical knowledge or programming experience can quickly and easily create custom rollups via the no-code RaaS launchpad.
• Scalable solutions for dApps: Developers can use both persistent and temporary rollups to meet varying demand for their applications.
• Faster transaction finality: MACH allows transactions to be processed faster, which is essential for transaction speed-sensitive applications such as games and DeFi apps.
• Decentralized verification: VITAL provides secure and reliable verification of rollup status, which is important for interoperability between different blockchains.
• Interoperability: Support for multiple rollup SDKs and data availability layers enables users and developers to easily operate in a multi-chain environment.

AltLayer is a decentralized protocol that offers rollups through a modular and flexible architecture. At the core of AltLayer's technology are Restaked Rollups. They combine existing rollup stacks with EigenLayer's restaking mechanisms, providing rollups with enhanced security and decentralization. Restaked Rollups consist of three Actively Validated Services (AVSes):

• VITAL: This component provides decentralized verification of the rollup states and ensures the correctness of transactions.
• MACH: This component provides fast finality, allowing transactions to be confirmed and settled faster. This is critical for applications that rely on fast transaction processing.
• SQUAD: This component provides decentralized sequencing, meaning the order of transactions is managed in a secure and transparent manner.

Rollups-as-a-Service (RaaS)

AltLayer's RaaS launchpad enables you to launch custom rollups quickly and easily. This platform provides a user-friendly interface that allows users to configure and deploy rollups without any programming experience. The RaaS solution is compatible with both EVM and WASM, making it suitable for a wide range of applications.

Ephemeral Rollups

Ephemeral Rollups are temporary rollups that can be quickly deployed to meet a temporary increase in demand for a specific application. Once demand decreases, these rollups can be decommissioned using an end-of-life settlement at layer 1. This provides developers with a flexible and cost-effective way to implement scalable solutions.

Decentralized verification and sequencing

AltLayer places a strong emphasis on decentralized verification and sequencing to ensure the security and reliability of rollups. By using VITAL for verification and SQUAD for sequencing, AltLayer ensures that state transitions and transaction ordering are managed in a decentralized manner. This reduces the dependency on centralized parties and increases transparency.

Interoperability and flexibility

One of the key benefits of AltLayer is the interoperability and flexibility it offers. By supporting multiple rollup SDKs and data availability layers, users and developers can easily operate within a multi-chain environment. This allows for the combination of different blockchain protocols and execution environments, increasing overall efficiency and usability.

The ALT token is the native token of the AltLayer ecosystem. ALT tokens are used for governance, allowing holders to vote on important decisions that determine the future of the platform. Additionally, ALT tokens are staked for transactions and rewards within the AltLayer network. Holders can also stake their tokens to contribute to the security and decentralization of the network. AltLayer’s restaking mechanism allows ALT tokens to be restaked, yielding additional rewards.

The total maximum supply of ALT tokens is 10 billion. In January 2023, AltLayer launched an airdrop, distributing 3% of the total supply to eligible users, such as NFT holders and stakers on partner platforms like EigenLayer and Celestia.

AltLayer stands out with several innovative features and characteristics that make it unique in the crypto and blockchain world:

• Temporary rollups: Ephemeral Rollups can be quickly set up for temporary needs and decommissioned when no longer needed. This provides a solution for developers who need to scale quickly without long-term commitments or high costs.
• Flexible architecture: AltLayer's modular design allows components to be used and modified independently. Developers can choose from different layers for execution, data availability, and settlement for a high degree of adaptability and interoperability.
• Decentralized validation: AltLayer uses Actively Validated Services such as VITAL, MACH and SQUAD for verification, finality and sequencing. This provides increased security and reliability through decentralized validation.
• Broad interoperability: AltLayer supports not only EVM-compatible chains but also WASM, allowing it to serve a wide range of blockchain networks.
• No-code RaaS platform: AltLayer offers an easy-to-use no-code Rollups-as-a-Service platform to quickly and easily launch custom rollups without any technical knowledge.
• Security via restaking: EigenLayer's restaking mechanism allows users to reuse their staked ETH as economic collateral for AltLayer protocols.

You can buy AltLayer (ALT) at Bitvavo. Our platform is suitable for both novice and experienced traders. Follow these steps to buy ALT tokens via our website or app:

1. Log in to your Bitvavo account or create a new account.
2. Add funds to your account by clicking "Deposit".
3. Go to the AltLayer (ALT) purchase page.
4. Enter the amount in euros you wish to spend or the number of ALT tokens you want to buy and click "Buy".

After your purchase, your ALT tokens will be automatically and instantly added to your Bitvavo account, where you can easily manage and trade them. Selling ALT tokens is just as easy, allowing you to react quickly to market changes.

You can safely store your ALT tokens in your Bitvavo account. Bitvavo keeps the majority of assets in cold storage, which means they are stored offline for extra security. For extra protection of your account, we recommend enabling two-factor authentication (2FA).

Many software and hardware wallets support ALT. After purchase, you can easily transfer your ALT tokens to an external wallet by linking the wallet address to your Bitvavo account. This gives you full control over your cryptocurrencies and increases the security of your digital assets.