TL;DR
Not to be overshadowed by all the amazing airdrops this month. We have the official release of the AltLayer project. Distributing more than $100 Million in tokens to the community this week. I hope you paid attention last May when given the tools to participate in the AltLayer Sepolia Testnet. Now it’s time to discuss in more detail, What is AltLayer? Is your airdrop worth holding long-term?
AltLayer is the latest rollup service that’s gained enough attention from the community to make an impact on the space.
Through their partnership with EigenLayer, AltLayer has integrated with all the major staking-as-a-service providers, enabling AltLayer to improve security, interoperability, and decentralization across the board.
The biggest appeal of its services is that it allows developers to launch application-specific rollups without needing to maintain a codebase or operate a node. Learn more about Layer2’s and Rollups
What is AltLayer?
Let’s start by discussing the basics of what a rollup is. Simply put a rollup is a more technical way of saying Layer2.
Rollups allow networks like Ethereum to offload data to a separate layer and help alleviate congestion on the main chain. The development of rollups is so powerful that it’s completely changed the future of Ethereum.
Prior to the rollout of rollups, many believed the only way to scale Ethereum was by splitting up the network into smaller blockchains. A process referred to as Sharding. With the invention of rollups, all that changed almost overnight, allowing Ethereum to scale without the need for sharding.
Making rollup optimization products like AltLayer a hot commodity for the industry. Rollups like Optimism, Arbitrum, and ZKSync are already cutting costs for Ethereum users and helping the network scale. But, by adding AltLayer to these software stacks this helps optimize communication between rollups.
One of the key pieces of tech offered by AltLayer is called MACH. Combined with EigenLayer, MACH allows for much faster settlements for rollup networks. Meaning higher throughput and better overall network efficiency. Assisting MACH, AltLayer adds VITAL to further decentralize data on each rollup, and SQUAD for more efficient node deployment.
AltLayer refers to these three services (MACH, VITAL, & SQUAD) as Restaked Rollups. Used together they allow on-demand services for anyone who wants to deploy a customizable rollup but doesn’t own a node or have any coding experience. Restaked rollups are also ideal for any project that is facing increased demand and lacks the capital or development team to meet those demands.
AltLayer offers these services directly from its Rollup-as-a-Service dashboard. Depending on their needs, AltLayer offers a free trial for developers to test out this service before committing themselves to it.
Does AltLayer Have Utility?
Absolutely! The AltLayer project is designed around providing added utility and benefits to crypto developers and the projects they design. With each network deployed using different software stacks and coding languages, Altlayer is neutral territory that any rollup can access to interact with networks that would normally be considered incompatible.
This Cross-Rollup…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
“The swarm is headed towards us” -Satoshi Nakamoto
