Altlayer
ValidatedUtilities
Tool
ALT$0.10721-1.99% ↓
Elastic execution layer on Ethereum for Web3
- 642 Followers642 Followers
- 431 Likes431 Likes
About Altlayer
AltLayer Network is a runtime execution and elastic scaling layer for all blockchains.
AltLayer is a decentralized protocol designed to accelerate scaling for Web3 by enabling the launch of native and restaked rollups. It supports both optimistic and zk rollup stacks, ensuring secure and scalable solutions for decentralized applications. By focusing on enhancing blockchain scalability and interoperability, AltLayer aims to address some of the most pressing challenges in the blockchain industry. The protocol's mission is to provide innovative modular rollup solutions that offer fast finality, economic security, and flexibility, catering to a wide range of use cases, including gaming, DeFi, AI, and more. AltLayer’s approach integrates restaking mechanisms to decentralize and secure rollups, contributing to a more robust and efficient blockchain ecosystem.
Altlayer Magic Store Validation Score
See Results ››Validation Score
4.6Validation Date: -
ffdsfdsadYes
TesleoYes
hadronaYes
BiswajitYes
Nguyen Thi NguyetYes
DmytrolitYes
anhvu0505Yes
FalconxYes
vladpodovYes
NFT LoverYes
Altlayer Review Score by Real Users
- 39
- 11
- 2
- 0
- 0
its a nioce project lounch token 25th of jan snapshot all ready done projectis good huge funding this project bkcked by bainance lalab Read More ››
0 people found this review funny
AltLayer Network is a runtime execution and elastic scaling layer for all blockchains.AltLayer Network is a runtime execution and elastic scaling layer for all blockchains.Read More ››
0 people found this review funny
AltLayer, a platform for developers, operates as a modular scaling solution, connecting to all compatible blockchains. It offers a unique composite layer with multi-chain and multi-virtual machine support (EVM and WASM). AltLayer has secured funding from major investment funds and won Binance's MVB season VI, making it worth exploring for optimized performance and cross-platform integration.Read More ››
0 people found this review funny
Технически сложный проект для меня. Я участвовал в тестнете, минтил какие-то бесконечные нфт, надеюсь будет профитRead More ››
0 people found this review funny
this project is backed by binance an trust me when i say this, binance backed projects end up doing well. Kudos to the team, they are doing a good jobRead More ››
0 people found this review funny
I used its testnet awesome UI and user friendly interface, also it is back by Binance and other big VCsRead More ››
0 people found this review funny
AltLayer is an advanced platform specifically designed for application developers to enhance and integrate execution layers. Considered a unique composite layer, AltLayer brings many new innovations to help developers make the most of resources. With its multi-chain and multi-virtual machine design, AltLayer supports both Ethereum Coat Machine (EVM) and WASM. It is worth noting that AltLayer is not bound to a single L1 or L2, but instead operates as a modular scaling solution and can connect to all EVM and WASM compatible blockchains. This is a powerful technology that optimizes application performance and expands cross-platform integration. AltLayer has successfully raised capital from many large investment funds, as well as won Binance's MVB season VI. This is a platform that everyone should try out.Read More ››
0 people found this review funny
this project is definetly going to moon like project everything is awesome its good project good potential awesome like great project ever i sawRead More ››
0 people found this review funny
ALT Token Price Chart (Real Time)
Token Statistics
- Market Cap$248,109,396.00
- Volume$94,202,766.00
- Circulating Supply2,310,416,665
- Max Supply10,000,000,000
- FDMC$1,073,872,950
About AltLayer Token
ALT is the native utility token of the AltLayer protocol, serving multiple purposes within the ecosystem. The token is primarily used for staking, governance, protocol incentivization, and payment of network fees. By staking ALT tokens, users can enhance the security of restaked rollups, a key component of the AltLayer ecosystem. Additionally, ALT token holders can participate in governance decisions, allowing them to vote on protocol changes and improvements.
Another crucial function of the ALT token is protocol incentivization. Operators within the AltLayer ecosystem are rewarded with ALT tokens for their services, ensuring the network remains secure and efficient. The token is also used to pay for various intra-network services, such as transaction fees, rollup creation fees, and rollup upgrade fees. By holding and using ALT tokens, participants can enjoy discounts or subsidies on these fees, depending on their stake or level of governance participation.
The total supply of ALT tokens is fixed at 10 billion, with a circulating supply of 1.1 billion tokens. This supply allocation ensures that there is enough liquidity to support the network's operations while maintaining a degree of scarcity to drive value. ALT tokens can be traded on major exchanges such as Binance, where users can farm ALT tokens by staking BNB or FDUSD. This incentivizes users to hold and stake their tokens, further contributing to the network's stability and growth.
Overall, the ALT token plays a vital role in the AltLayer ecosystem, providing economic incentives, facilitating governance, and enabling secure and efficient rollup operations. Its multifaceted utility ensures that it remains a valuable asset for participants within the AltLayer network.
Altlayer Magic Store Trust Score
- Audit Score
- 0No. Of. Audits
- MediumScore
- Security Validators Score
- 02.01.2024Validation Date
Altlayer User Trust Reviews
AltLayer is a decentralized protocol that facilitates the launch of native and restaked rollups with both optimistic and zk rollup stacksRead More ››
0 people found this review funny
AltLayer Network is a runtime execution and elastic scaling layer for all blockchains!!!!!!!!!!Read More ››
0 people found this review funny
Altlayer FAQ
AltLayer offers several key benefits, including enhanced scalability, fast transaction finality, and interoperability across multiple blockchain networks. By using AltLayer, decentralized applications can achieve higher performance, reduced latency, and greater efficiency.
The restaking mechanism in AltLayer leverages the economic security of existing blockchain networks to secure its rollups. This approach decentralizes the security process, making it more robust and resistant to attacks, while ensuring that rollups remain efficient and scalable.
AltLayer supports both optimistic and zk rollup stacks, providing flexibility for developers to choose the best solution for their applications. Optimistic rollups are suitable for projects that prioritize speed and cost-efficiency, while zk rollups offer enhanced security and privacy.
Creating a custom rollup with AltLayer’s Rollup-as-a-Service (RaaS) involves selecting the desired rollup stack, configuring the parameters, and deploying the rollup through AltLayer’s platform. The service provides tools and resources to customize the rollup to meet specific project needs.
AltLayer ensures interoperability by supporting integration with various blockchain networks such as Ethereum and BNB Chain. This compatibility allows decentralized applications to interact seamlessly with different ecosystems, enhancing their functionality and reach.