Considered a unique synthetic layer, AltLayer introduces various innovations, empowering developers to maximize resource utilization.
What is AltLayer?
AltLayer is a decentralized protocol designed to streamline the deployment of both native and restaked rollups, incorporating both optimistic and ZK rollup stacks.
AltLayer introduces a rollup framework known as Restaked Rollups. These Restaked Rollups leverage the capabilities of:
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Rollup stacks to autonomously initiate application-specific instances across various major rollup solutions.
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EigenLayer’s restaking mechanism to kickstart the network by borrowing economic security from the Ethereum platform.
https://altlayer.io/
Highlights
Restaked Rollups: An integrated framework for application-specific rollups that harnesses EigenLayer’s restaking mechanism, delivering heightened security, decentralization, interoperability, and swift crypto-economic finality.
VITAL: An AVS where operators verify blocks and the corresponding states committed by the rollup sequencer, raising fraud-proof challenges if deemed necessary.
MACH: A protocol designed to expedite finality for rollups by enabling operators to restake Ethereum-based assets, reinforcing any claims made on the rollup state.
SQUAD: Introducing decentralized sequencing with economic backing. This approach eliminates short-term liveness concerns, mitigates issues such as bad MEV (Miner Extractable Value), and addresses rent extractions, distinguishing it from rollups operating with a single sequencer.
Ephemeral Rollups: In the context of ephemeral rollups, a dApp developer anticipating a surge in demand for their application could:
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Swiftly deploy a rapid and scalable rollup customized for their application, secured by a Layer 1.
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Utilize the rollup for the required duration.
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Conclude the lifecycle of the rollup by settling it on the Layer 1 through an “end-of-life” process.
AltLayer’s Products
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Ephemeral Rollups are currently operational, whereas other products like VITAL, MACH, and SQUAD are undergoing testing on a private testnet.
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Ephemeral rollups have been implemented in various use cases, including mini-games, game tournaments, NFT mint events, and more.
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2048 Game
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Loot Royale: 134k game rooms
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Cellula: 1.4MM Cellula NFT minted with 1.9MM transactions across 612k wallets
Information about the ALT token
Basic Information
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Token Name: Altlayer
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Ticker: ALT
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Total Supply: 10,000,000,000 ALT
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Circulating Supply: 1,100,000,000 ALT
Token Allocation
Allocation of ALT Token:
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Binance Launchpool: 5.00% of the total token supply
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Team: 15.00% of the total token supply
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Investors: 18.50% of the total token supply
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Advisors: 5.00% of the total token supply
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Protocol Development: 20.00% of the total token supply
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Ecosystem and Community: 15.00% of the total token supply
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Treasury: 21.50% of the total token supply
Token Release Schedule
Development Team
Jia Yaoqi – Founder & CEO
Jia Yaoqi holds a Ph.D. in Philosophy and Computer Science from the National University of Singapore in 2017. He has a diverse professional background:
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In 2017, worked as a researcher at the National University of Singapore.
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From October 2017 to September 2019, served as the CTO, Co-Founder, and Advisor at the Zilliqa blockchain platform.
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Engaged with the Web 3.0 Bootcamp Foundation as the Chairman.
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Contributed to Parity Technologies, holding roles as Director, GM, and Advisor.
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Since December 2021, Jia Yaoqi has been serving as the Founder & CEO at AltLayer.
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