AltLayer ALT Price

What is AltLayer (ALT)?

AltLayer (ALT) is an open and decentralized protocol for rollups, offering a novel approach to enhancing the security, decentralization, interoperability, and fast finality of existing rollup solutions. The platform introduces the concept of Restaked Rollups, which combines the simplicity of spinning up rollups using various rollup stacks, such as OP Stack, Arbitrum Orbit, ZK Stack, Polygon CDK, and others, with the robust security provided by EigenLayer's restaking mechanism.

ALT, the native utility token of AltLayer, plays a crucial role within the ecosystem. It is used for economic bonding, where ALT tokens are staked alongside restaked assets to provide economic stake, which can be slashed in case of malicious behavior. ALT token holders also have governance rights, allowing them to participate in important protocol decisions. Additionally, ALT tokens are used for protocol incentivization, rewarding operators for their services, as well as for paying for intra-network services.

The core offerings of AltLayer include three key products:

VITAL: An Actively Validated Service (AVS) where operators verify blocks and corresponding states committed by the rollup sequencer and raise fraud proof challenges if necessary.

MACH: A protocol providing faster finality to rollups by allowing operators to restake Ethereum-based assets to back any claims on the rollup state.

SQUAD: Offers decentralized sequencing with economic backing, eliminating short-term liveness concerns, bad MEV, rent extractions, and other issues associated with single sequencer rollups.

AltLayer has garnered significant attention and support, raising $22.8 million from two rounds of private token sales. Notable investors include Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan, Gavin Wood, Sean Neville, and Ryan Selkis, among others.

With a total supply of 10,000,000,000 ALT tokens, the circulating supply upon listing will be 1,100,000,000 (11.00% of the total token supply). AltLayer's focus on enhancing Ethereum's rollup-centric roadmap, scaling Web3 applications, and providing tools for blockchain game development positions it as a significant player in the blockchain space.

Founded by Jia Yaoqi in 2024, AltLayer aims to revolutionize the blockchain landscape by offering secure, scalable, and efficient solutions for developers and users alike.

What is unique about AltLayer (ALT)?

AltLayer introduces Restaked Rollups, combining existing rollups with EigenLayer's restaking mechanism for enhanced security, decentralization, and fast finality, setting it apart from other protocols.

Who are the founders of AltLayer (ALT)?

AltLayer was founded by Jia Yaoqi in 2024, spearheading the project's vision and development.

Who are the backers/investors of AltLayer (ALT)?

AltLayer has received backing from prominent investors, including Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan, Gavin Wood, Sean Neville, and Ryan Selkis, among others.

Where can I buy AltLayer (ALT)?

You can buy AltLayer (ALT) on Binance, MEXCBitgetBybitGate.io cryptocurrency exchanges.