AltLayer (ALT)

AltLayer Network is a system of highly scalable application-dedicated execution layers that derive security from an underlying L1/L2. It is designed as a modular and pluggable framework for a multi-chain and multi-VM world.

Seed Round: $7.2M

Funding Round: Details

Whitepaper

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Interest lvl

Medium

Updated: Jan 28, 2024

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User Rating

Medium

3/5 • 2 votes

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Ticker

ALT

Type

Utility-token

Token standard

ERC-20

FoundedSingapore

Registration year2021

Launchpads

Binance

What is AltLayer

AltLayer is developing a novel scaling solution that allows application developers to launch highly elastic execution environments. AltLayer can be seen as a system of individual optimistic rollups that derive security from an underlying Layer 1 (e.g., Ethereum) or Layer 2 (e.g., Arbitrum and Optimism), with each rollup tailored to a specific application. The system is designed for a multi-chain and a multi-VM world and therefore will have native support for EVM as well as WASM.

A key innovation that AltLayer brings to the scaling solution space is the idea of disposable execution layers. With AltLayer, a dApp developer expecting a surge in traffic for his application could:

• Quickly spin up a fast and scalable rollup secured by a Layer 1
• Use the rollup for as long as needed and thereby prevent clogging of blockspace in the underlying Layer 1, and then
• Dispose of the rollup by performing an “end-of-life” settlement on the Layer 1

This makes the entire system highly resource-optimized. The execution layer and its resources are called upon only when the dApp expects a considerable demand that a Layer 1 can’t handle and once the demand tapers off, the dapp can move back to the Layer 1.