What is AltLayer (ALT) Coin?

AltLayer is an open and fully decentralized protocol designed for rollups, which can be used by anyone.

It introduces a new concept called Restaked Rollups, which takes rollups (transformed from any rollup stack like OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack) and provides them with advanced security, decentralization, interoperability, and rapid crypto-economic finality. In this article, we'll explore what AltLayer is, discuss ALT coin – the native asset of the network, and guide you on how to buy ALT coin, which will soon be listed on Binance.

What is AltLayer? ALT Coin Review How to Buy ALT Coin?

AltLayer is a protocol that facilitates the launch of local and restaked rollups with both Optimism and ZK rollup stacks. It introduces an innovative rollup framework called Restaked Rollups. These rollups serve as a common framework for application-specific rollups that leverage the reconstruction mechanism of EigenLayer along with economic bonding borrowed from Ethereum to bootstrap the network.

Restaked Rollups provide a framework for application-specific rollups utilizing EigenLayer's reconstruction mechanism. They offer advanced security, decentralization, interoperability, and rapid crypto-economic finality.
The fundamental offering of AltLayer, consisting of restructured rollups, comprises three core products:

1. VITAL: It is an Actively Verified Service (AVS) that verifies blocks and relevant states processed by rollup sequencers and increases the difficulty of fraud-proof challenges if necessary.
2. MACH: A protocol that supports all claims related to the rollup state by allowing operators to reclaim Ethereum-based assets, providing faster certainty to rollups.
3. SQUAD: This protocol enables economically supported decentralized sequencing, eliminating short-term liveness concerns, malicious MEV, and other issues associated with rollups operated by a single sequencer.

ALT Coin Review

ALT coin is the native token of AltLayer. As of January 17, 2024, the total supply of ALT coin is set at 10 billion, with the initial circulating supply after listing on Binance being 1.1 billion. ALT coin serves various purposes, including economic bonding, governance, protocol incentives, and protocol fees.

• Economic Bonding: ALT coin is used in conjunction with restructured assets to provide economic bonding. The bond can be severed in case of malicious behavior.
• Governance: ALT coin holders have the right to vote in governance decisions.
• Protocol Incentives: Operators in the AltLayer ecosystem can earn ALT coin as a reward for their services.
• Protocol Fees: Participants in the network pay with ALT coin for in-network services.