AltLayer is a decentralized protocol designed to facilitate the launch of native and restructured rollups on both Optimism and ZK rollup stacks. It introduces the concept of Restaked Rollups, enhancing security, decentralization, interoperability, and economic finality. The protocol’s core offering comprises three main products: VITAL, a service for actively verified blocks and states; MACH, a protocol for faster finality in rollups by allowing operators to reclaim Ethereum-based assets; and SQUAD, which provides decentralized ordering with an economic bond to eliminate concerns associated with single sequencers.
The native asset of AltLayer, ALT coin, serves four primary purposes: economic bonding to secure restructured assets, governance through voting rights for ALT holders, protocol incentives by rewarding operators with ALT, and protocol fees paid in ALT by network participants for in-network services.
ALT coin can be securely traded on the leading cryptocurrency exchange Binance. It will be listed on January 25, 2024, with trading pairs including ALT/BTC, ALT/USDT, ALT/BNB, ALT/FDUSD, and ALT/TRY. To purchase ALT coin, one must first register on Binance, deposit cryptocurrency or fiat currency into the Binance wallet, and then buy ALT coin through the available trading pairs.
For buying ALT coin using the ALT/USDT trading pair, users should navigate to the interface of this pair, enter the desired amount in the limit tab, and complete the purchase with the Buy ALT order.
In summary, AltLayer is an innovative protocol that aims to revolutionize the rollup ecosystem with its native ALT coin, offering advanced features and a new level of finality for transactions on the Ethereum network.