What is AltLayer? AltLayer is a Singapore-based company established in 2021 with a mission to strongly expand the Web3 market through providing Rollup-as-a-Service services.
AltLayer successfully called for $7.2M at Funding Round on February 17, 2022 with the participation of 3 investment funds Polychain Capital, Jump Crypto, Breyer Capital and some famous individual investors such as Gavin Wood, Ryan Selkis,.. So what is AltLayer? What stands out about the project? Let’s find out with Weakhand.
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AltLayer Overview
What is AltLayer?
AltLayer is a decentralized and flexible Rollup-as-a-Service (RaaS) protocol for application developers to launch execution layers suitable for highly scalable applications (Layer 2) .
AltLayer is an advanced platform specifically designed for application developers to enhance and integrate execution layers. Considered a unique composite layer, AltLayer brings many new innovations to help developers make the most of resources. With its multi-chain and multi-virtual machine design, AltLayer supports both Ethereum Coat Machine (EVM) and WASM.
AltLayer is not bound to a single L1 or L2, but instead operates as a modular scaling solution and can connect to all EVM and WASM compatible blockchains. This is a powerful technology that optimizes application performance and expands cross-platform integration.
Highlights of AltLayer
At AltLayer users can:
- Deploy your application on general purpose Layer 1 (e.g. Ethereum) or Layer 2 (e.g. Arbitrum One).
- Users can build their own application-specific chains using SDKs like the Cosmos SDK.
AltLayer provides the best solution for developers:
- Fast deployment: provides a Rollup-as-Service platform that allows developers to launch an application-specific rollup in minutes and thus makes it possible for application developers to get their applications live on Layers 2, with a similar experience to deploying on a general purpose thread.
- Secure and decentralized: AltLayer is secured by an underlying chain and therefore developers launching their compilations do not need to worry about bootstrapping their network. AltLayer allows developers to choose multiple sequencers to execute transactions and thus eliminates a single point of failure associated with centralized sequencers that is common in most aggregate implementations today.
- Easy to use: AltLayer also provides a simple and intuitive dashboard for not only developers but also those with little or no coding experience. to a custom compilation.
- flexible: AltLayer provides general services Extremely flexible and customizable. All these customizations can be done simply through a dashboard.
- Flash class: Provided by AltLayer, dApp developers can:
- Quickly create a fast and scalable compilation secured by L1.
- Use the summary for as long as necessary.
- Eliminate aggregation by performing “processing”end-of-life” on Grade 1.
- Multi-thread support: AltLayer is designed for the multi-threaded and multi-VM world and will therefore have factory support for EVM as well as WASM. MEach application-appropriate implementation layer will come with a number of application-specific tools, products, and applications as add-ons to improve the user and developer experience.
AltLayer’s operating mechanism
AltLayer uses the O composite execution modelptimistic Rollup but this is a completely independent implementation and not a fork of Optimism. It also comes with a dedicated sequencer network called Beacon Chain provides sequencing services for composites initiated by AltLayer. AltLayer’s core components are built from the ground up using Substrate and can support both WASM and EVM runtimes, making it possible to support Layer 1 beyond the EVM chain.
AltLayer separates the transaction execution lifecycle into several stages, i.e. transaction aggregation, block production, and block verification.
Beacon Layer
AltLayer uses the Beacon Layer lalternately between the execution layer and the data availability layer, and all aggregations initiated through AltLayer are kept in the Beacon Layer. BAny rollup launched via AltLayer can be directly verified by Beacon Layer.
Beacon Layer provides the following main services:
- Shared sequence class (Shared Sequencing Layer).
- Verification class (Verification Layer).
- Betting class (Staking/Slashing Layer).
- Interoperability layer (Interoperability Layer).
- Upgradability class (Upgradeability Layer).
- Social consensus layer (Social Consensus Layer).
AltLayer’s Development Roadmap
Updating…
Core Team
Jia Yaoqi – Founder & CEO
- Jia Yaoqi received her PhD in Philosophy and Computer Science from the National University of Singapore in 2017.
- Jia Yaoqi has worked and held positions: In 2017, worked at the National University of Singapore as a researcher;
- From October 2017 – September 2019, Yaoqi worked at the Zilliqa blockchain platform as CTO, Co-Founder, Advisor.
- Yaoqi works at the Web 3.0 Bootcamp Foundation as President.
- Yaoqi works at Parity Technologies as Director/GM/Advisor.
- From December 2021 until now, Jia Yaoqi is Founder & CEO at AltLayer.
Investors
AltLayer announced it has raised $7.2 million in Seed Round. This investment round was led by Polychain Capital, Jump Crypto and Breyer Capital. Other investors in the round include Gavin Wood, co-founder of Ethereum and founder of Polkadot; Balaji Srinivasan, former CTO of Coinbase and former partner of a16z; Sean Neville, co-founder of Circle; and Kain Warwick and Jordan Momtazi, co-founders of Synthetix and Bodhi Ventures.
Tokenomics
Update…
Exchanges
Update…
Project Information Channel
- Website: https://www.altlayer.io/
- Twitter: https://twitter.com/alt_layer
- Medium: https://blog.altlayer.io/
- Discord: https://discord.com/invite/altlayer
- Telegram:
Summary
The article aims to provide readers with an understanding of what AltLayer is? Highlights of AltLayer. Currently AltLayer does not have a token and is in the testnet phase. Everyone can read the instructions here.
