Forward the Original Title‘详解 AltLayer：模块化 + Restaking 叙事的 Rollup 服务协议’

1. Project Overview

AltLayer is a decentralized and resilient Rollup-as-a-Service (RaaS) protocol designed to provide scalable layer-2 solutions for blockchain applications.

It utilizes an ad hoc scaling layer built on top of connectivity to Layer 1 and Layer 2 networks such as Ethereum, Solana, and others, supporting multi-chain and multi-VM functionality, elastic convolution technology, codeless deployment, and decentralized orchestration. This setup helps alleviate on-chain congestion and high transaction fees, allowing developers to quickly release application-specific rollups.

As a re-stacked Rollup protocol, AltLayer sits within the modularity and re-staking narrative, providing additional security, decentralization and processing speed for Rollup in the crypto market, such as Op Stack, ZkStack, Arbitrum Orbit, etc.

AltLayer provides a Rollup service (Rollup-as-a-Service) for Web3 projects. In short, it is a tool that allows developers and non-programmers to create their own in 2 minutes with just a few simple clicks. Tools for defining Rollups. AltLayer offers two main products: a versatile Rollup stack and a code-free dashboard.

In terms of technical narrative, the modular trend is a technical narrative that is expected to have a significant impact on the future of blockchain. It has been developed since 2021 and solves the cost problem of maintaining Rollup/Layer 2 operations through three parallel stages, making it easier to create , more industrialized Rollups (such as AltLayer and Dymension Rollup), and continue to launch new Rollups after solving cost problems and technical challenges. These phases develop at different speeds in different project areas.

Among the products provided by AltLayer, Rollup-as-a-Service (RaaS) provides Rollup services for Web3 projects, including three core services: re-staking Rollup, decentralized serialization, verification of Rollup status correctness, and more Fast finality, which contributes to Rollup’s decentralization, better security, and interoperability between Rollups. Additionally, the Codeless Dashboard is a RaaS service for developers or users with no experience building Rollup-related code, allowing users to create execution layers and other related components such as sequencers and block gas limits in just 5 minutes.

AltLayer has issued its native token ALT. Transaction fees, storage fees and other services within the AltLayer ecosystem will be paid for in its native token ALT, which is also used for governance and participation in consensus mechanisms to contribute to network security. The ALT token is currently listed and available for trading on the Bitget platform. By staking tokens, holders can not only earn staking rewards, but also participate in the decision-making process of the protocol, enhancing the security and governance of the entire network.

2. Core Mechanism

AltLayer’s core mechanisms are designed around its innovative Rollup-as-a-Service (RaaS) and restaked rollup technologies, which make it competitive in the blockchain industry, especially in terms of processing speed, security, and decentralization. Centralization and scalability aspects.

（1）Restaked Rollup

Restaked Rollup is a core technology provided by AltLayer, which combines restaking and rollup technologies to enhance the security, decentralization and performance of the blockchain.

This mechanism achieves its function through the following aspects:

Definition

Restaked Rollup is a special Rollup architecture, the core of which is to use the concept of remortgage to improve the security and decentralization characteristics of Rollup. This rollup not only handles ordinary transactions and smart contract operations, but also ensures higher data integrity and network trust through specific security enhancements and verification mechanisms.

Active Validation Service (AVS)

Restaked Rollup introduces Active Validation Services (AVS), which are pre-integrated and optimized to support efficient transaction processing and state validation.

These services include:

• Decentralized Sequencer: Provide transaction sequencing services for Rollup, reducing the risk of relying on a single point and improving the decentralization of the system.
• State Correctness Verification: Ensures all state changes in Rollup are accurate, enhancing the overall security of the system.
• Fast Finality: Quickly confirms transaction status through an effective verification mechanism, reducing transaction confirmation time, and improving network response speed and user experience.

Re-Staking mechanism

• In a Restaked Rollup, participants are required to put their assets (such as ALT tokens) as collateral to participate in the security and operation of the Rollup. This staking not only provides additional security to the network, but also allows stakers to earn rewards while helping to secure the network.

Modular components

Restaked Rollup has designed multiple modular components so that the entire system can be more flexibly adapted to different application needs and expansion requirements:

• Vital Mach Squad: This is a set of specially designed modules to process and verify transactions, ensuring Rollup’s high performance and high security.
• Versatile Rollup Stack: Provides multi-layer architecture support for Rollup, including settlement layer, transaction processing and verification layer, and data availability layer, enhancing overall scalability and flexibility.

Security and decentralization

Restaked Rollup enhances security and decentralization through multiple mechanisms:

• Multiple validators: Instead of relying on a single validator, multiple validators jointly participate in processing and verifying transactions, reducing the risk of centralization.
• Fraud proof system: When possible fraud is detected, the system can generate a fraud proof, providing the network with evidence of errors or malicious activity, further enhancing the security of the network.

These features of Restaked Rollup enable AltLayer to provide a secure and efficient Layer 2 solution that is particularly suitable for blockchain applications that handle high throughput and require high security.

（2）Rollup-as-a-Service (RaaS)

AltLayer’s Rollup-as-a-Service (RaaS) is an innovative service designed to simplify and accelerate the deployment and management of Rollup technology. The core goal of this service is to enable developers to get custom Layer 2 solutions up and running quickly and efficiently, regardless of their technical background.

Here’s a detailed look at a few key aspects of AltLayer RaaS:

No-code interface

AltLayer’s RaaS provides a user-friendly interface that allows users without any programming knowledge to deploy Rollups in minutes. This is achieved through a simplified graphical user interface (GUI) with preset options and templates that allow users to configure and launch Rollup with a simple point-and-click operation.

Modular architecture

AltLayer’s RaaS functionality is based on a modular architecture, which allows users to customize the selection of different runtime layers, data availability layers, and settlement layers. For example, users can choose a runtime layer based on Ethereum Virtual Machine (EVM) or WebAssembly (WASM), combine it with an internal or external data availability layer such as Celestia, and use Ethereum or other blockchain networks as a settlement layer.

Dynamic scalability

AltLayer’s Rollups are designed to be highly flexible and can be dynamically expanded based on application needs. This means that Rollup can quickly scale up its processing capacity when demand increases (such as during large-scale airdrop campaigns or token issuances) and scale back accordingly when demand decreases, optimizing resource usage and cost efficiency.

Security and decentralization

AltLayer’s RaaS enhances the security and decentralization of Rollup solutions by leveraging restaking technology and a decentralized ordering mechanism. This includes using multiple independent validators to spread risk and increase validator trust and security through the restaking functionality provided by the Eigenlayer protocol.

Quick finality

RaaS speeds up transaction finality by providing improved verification and sorting processes. This is especially important for applications that require fast response times, such as online gaming and real-time trading platforms.

Multi-chain and multi-environment support

AltLayer’s RaaS supports multi-chain deployment, which means users can deploy and manage Rollup in different blockchain environments, including but not limited to Ethereum, Arbitrum, and other EVM-compatible networks. This provides developers with great flexibility, allowing them to choose the most appropriate underlying technology based on the specific needs of their project.

Fraud proof and enhanced security

RaaS also includes a fraud proof system that allows any network node to notify the network when a potentially fraudulent transaction is detected. This mechanism enhances the overall security of the operation and increases trust among all participants.

In short, AltLayer’s Rollup-as-a-Service (RaaS) aims to provide an efficient, secure and easy-to-use service to lower the technical threshold for deploying complex Layer 2 solutions, while providing the necessary flexibility and scalability, To meet the needs of various application scenarios.

3. ALT Token

The ALT token is the native utility token of the AltLayer ecosystem.

Has multiple purposes and features designed to support and incentivize the operation and growth of the network:

• Economic Ties: ALT token holders can stake their tokens to participate in the consensus mechanism and receive rewards for securing the network. This mechanism not only helps ensure the security of the network, but also reduces the stakes when malicious activity is detected, further strengthening the network’s resistance.
• Governance: ALT token holders have voting rights and can participate in deciding the development direction and operating strategy of the protocol. This governance model promotes a decentralized decision-making process and allows community members to directly participate in the management and improvement of the AltLayer ecosystem.
• Fees: All transaction fees, storage fees and other service fees within the AltLayer ecosystem can be paid with ALT tokens. This ranges from simple transactions to more complex operations such as contract execution. This purpose of the token ensures its liquidity and utility.
• Incentive mechanism: Operators and validators receive ALT tokens as rewards for providing network services. This mechanism incentivizes participants to keep the network active and secure while ensuring the quality and efficiency of services.

Through these features, the ALT token not only supports AltLayer’s technical infrastructure but also promotes community engagement and the overall health of the ecosystem. By investing in ALT tokens, holders can not only benefit from the growth of the network, but also have an impact on the future of the ecosystem by participating in governance and other activities.

The total supply of ALT is 10,000,000,000 ALT; the Binance Launchpool issuance is 500,000,000 ALT, accounting for 5% of the total supply; the team allocation is 1,500,000,000 ALT, accounting for 15% of the total supply; the investor allocation is 1,850,000,000 ALT, accounting for 18.5% of the total supply; advisor allocation is 500,000,000 ALT, accounting for 5% of the total supply; protocol development allocation is 2,000,000,000 ALT, accounting for 20% of the total supply; ecosystem and community allocation is 1,500,000,000 ALT, accounting for the total supply 15% of the supply; the treasury allocation is 2,150,000,000 ALT, accounting for 21.5% of the total supply.

As of now, the latest price of ALT token is $0.5712. Its price has increased by around 0.53% in the past day, showing positive growth. The market capitalization of ALT token is $628,333,289 and it ranks 131st among all cryptocurrencies.

4. Team/financing Situation

AltLayer was founded by Jia Yaoqi, the former co-founder of Zilliqa (the first blockchain network to implement sharding) and the former general manager of Parity Asia (blockchain infrastructure services company), and more than 20 members of his team.

AltLayer has also received over $7.2 million in seed funding from top funds and investors around the world, including Polychain Capital, Breyer Capital, Jump, Gavin Wood, and others. For example, in July 2022, AltLayer completed a seed round of financing of US$7.2 million. Led by Polychain Capital and Jump Crypto, well-known investors such as Polkadot founder Gavin Wood and former Coinbase CTO Balaji Srinivasan also participated. In August 2023, it also received investment from Binance Labs.

The AltLayer team has a strong background, with members coming from top projects in the blockchain field, and has a strong technical team and financial support.

5. Future Development

Ethereum’s liquidity and user traffic offer substantial ecological opportunities for projects, but high Gas fees and on-chain congestion are hindering project experiences and further development. AltLayer was born in response to these needs.

With the rise of the modular concept, especially as Celestia Promise continues to obtain aerial investment qualifications for different projects, modular blockchains are attracting more attention.

As a decentralized and highly scalable L2 solution, AltLayer, driven by the modular concept, may also achieve good development. Please look forward to it.

In addition, AltLayer has already attracted considerable market capitalization and is active in exchanges. This indicates that it has a certain liquidity and investor attention, which may be a positive signal for future capital growth and expansion.

Of course, as a new project in the cryptocurrency field, AltLayer’s future development will face various opportunities and challenges:

Opportunity

• Industry Growth: With the popularity of blockchain technology and the maturity of the cryptocurrency market, the demand for high-performance and low-cost Layer 2 solutions continues to grow, which provides AltLayer with huge market opportunities.
• Technology Innovation: AltLayer’s Restaked Rollup technology and RaaS platform have the potential to simplify complex blockchain operations and improve transaction efficiency, helping to attract developers and enterprise customers.
• Modular architecture: AltLayer’s modular design supports different blockchain technologies and execution environments, allowing it to adapt to diverse market needs and technology developments.
• Partners and Ecosystem: By building partnerships and a healthy ecosystem, AltLayer can promote wider adoption of its technology and token.
• Governance and community participation: With the rise of decentralized finance (DeFi) and community governance models, AltLayer can leverage its decentralized nature to attract a wider range of participants.

Challenge

• Competition is fierce: Competition in the blockchain space is fierce, with many projects developing Layer 2 solutions, and AltLayer needs to stand out in this space.
• Technical complexity: Although AltLayer’s technical innovation has advantages, it may encounter performance and security challenges in practical applications.
• Market Volatility: The volatility of the cryptocurrency market may affect token value and project funding, posing challenges to future stable development.
• Regulatory risks: Regulatory attitudes towards cryptocurrencies vary greatly in different regions around the world, which may affect the operation and expansion of AltLayer.
• User adoption: How to attract non-technical users and ensure a user-friendly interface and experience is critical to widespread adoption of AltLayer.
• Security: Ensuring network security while scalability and efficiency will be one of the technical challenges that AltLayer must face.

In short, AltLayer is full of opportunities in future development, but it also faces many challenges. The success of a project will depend on how it exploits these opportunities and how it responds to these challenges. The project team’s strategic decision-making, technical execution capabilities and flexibility to adapt to market changes will be key factors.

Disclaimer：

1. This article is reprinted from [链茶馆]. Forward the Original Title‘详解 AltLayer：模块化 + Restaking 叙事的 Rollup 服务协议’.All copyrights belong to the original author [茶馆小二儿]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
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