Subscribe to wiki

Share wiki

AltLayer

Wiki Powered byIconIQ
AltLayer

Social Profiles:
Founders:

AltLayer

AltLayer is a decentralized Rollup-as-a-Service (RaaS) protocol that provides highly scalable solutions for applications. It introduces a new idea of restaked rollups, which merges the simplicity of creating with popular stacks with the effectiveness of restaking mechanism. [1]

is the founder of AltLayer.

Overview

Introduced in November 2022, AltLayer is a decentralized Rollup-as-a-Service (RaaS) protocol that provides highly scalable Layer 2 solutions for blockchain applications. As a temporary extension layer built on , AltLayer connects Layer 1 and Layer 2 networks like , , , and . It offers multi-chain and multi-VM support, elastic rollup technology, code-free deployment, and decentralized coordination to address issues like on-chain congestion and high transaction fees. Developers can deploy application-specific Rollups within minutes using AltLayer's launchpad or control panel, simplifying the creation of a Rollup service platform. [1][2]

Funding

In February 2024, AltLayer raised $14.4 million in a strategic fundraising round co-led by and . [11]

Founder said:

“AltLayer accelerates scaling to make dApps deployed on Ethereum truly limitless! Restaked rollups are now at the core of this vision. With the creation of hundreds of thousands of rollups, we must create business models where rollups can sustain themselves while delivering clear value to the bottom-line of builders and end-users: be it security, customizability, or massive scale and speed. By leveraging EigenLayer’s restaking mechanism, we will be able to do this successfully in a more secure and decentralized manner. We’re elated that visionaries in the industry see our potential and have chosen to back us once more as we take on a new chapter in our journey.”[11]

Other investors in the round include HashKey Capital, OKX Ventures, Primitive Ventures, Bankless Ventures, SevenX, MASK, IOSG, and TRGC among others. [11]

Technology

Restaked Rollups

AltLayer introduces the concept of restaked rollups to enhance security, decentralization, interoperability, and fast finality for existing rollups spun from various stacks like OP Stack, Arbitrum Orbit, ZKStack, and CDK. Restaked rollups leverage EigenLayer's restaking mechanism to bolster network security and establish decentralization, with three Actively Validated Services (AVSes) providing state correctness verification, faster finality, and decentralized sequencing: VITAL, MACH, and SQUAD. [1]

VITAL

VITAL serves as a verification layer for , comprising a network of AVS-registered operators responsible for validating proposed new states by SQUAD operators. Using a bisection protocol, these operators identify invalid state roots and can challenge SQUAD operators. Additionally, VITAL can employ optimistic ZK proofs, where operators demand SQUAD operators to create a ZK proof for disputed state roots instead of initiating a bisection protocol. Another operational mode involves verifying intermediate proofs without requiring interaction with an L1. VITAL is critical as MACH AVS utilizes it to establish a fast finality layer. [3]

VITAL involves a network of operators tasked with verifying new states. VITAL offers a more robust confirmation compared to pre-confirmation by a rollup sequencer. This ensures assets can be instantly withdrawn, enhancing transaction security and efficiency. [3]

MACH

MACH introduces a fast finality layer for rollups to address their slow finality. Important considerations for MACH include fast confirmation of rollup transactions, crypto-economic security to handle potential malicious network participants, and support for both and . Additionally, MACH is designed to be versatile enough to accommodate various proof systems and runtimes. To ensure finality, the MACH network verifies the validity of a rollup state, ensuring correct execution of the state transition function by rollup operators. MACH supports three state validity modes to achieve this goal: [4]

  • Pessimistic Mode: In the pessimistic mode, every transaction is initially considered invalid by default, necessitating a replay. Consequently, the rollup operator submits transaction data directly to the MACH network, which re-executes the transaction and achieves on the validity of the proposed state. Although this mode is straightforward, its efficiency is limited as MACH essentially functions as a network of full nodes for the rollup, leading to substantial node requirements.

Pessimistic Mode.jpg

  • Optimistic Mode: In this operational mode, the rollup operator declares a state claim on MACH, affirming that executing a particular block of transactions results in a specific state commitment. Subsequently, any node within the MACH network can challenge this claim and demonstrate the invalidity of the new state by initiating a bisection protocol with the rollup operator.

Optimistic Mode (I).jpgOptimistic Mode (II).jpg

  • Validity Proof Mode: In this mode, the MACH network functions as a decentralized verifier network for validity proofs. The rollup operator, such as a sequencer, commits to a new set of transactions and the resulting state and validity proof on MACH. Subsequently, the MACH network verifies and achieves consensus on the validity of the proof. Despite the explicit utilization of validity proofs, this mode is also compatible with optimistic rollups. With optimistic rollups, any designated prover with the appropriate incentive (outside of MACH) can generate proof of validity and submit it to the MACH network, which then verifies and achieves consensus on the validity of the proof

Validity Proof Mode.jpg

SQUAD

SQUAD functions as a network of nodes open to all AVS operators. It functions as a full-fledged blockchain with WASM and EVM runtimes. These nodes, termed validators akin to any PoS network, join the SQUAD network and can begin registering sequencing needs from rollups and pairing them with sequencers. [5]

Rollups-as-a-Service (RaaS)

AltLayer offers an accessible Rollups-as-a-Service (RaaS) launchpad, enabling rapid deployment of customized rollups across multiple chains and VM environments. Additionally, AltLayer introduces ephemeral rollups, allowing for quick deployment of application-specific rollups that can be settled on Layer 1 when no longer needed, fostering experimentation while remaining open and permissionless. [1]

Versatile Rollup Stack

AltLayer facilitates compatibility with various prominent stacks, data availability layers, settlement layers, decentralized sequencer sets, and interoperability bridges. The platform collaborates with key partners such as , , , zkSync, EigenLayer, , and Hyperlane. This enables AltLayer to provide various modular rollup solutions, allowing developers to integrate different options according to their needs. [6]

No-code Dashboard

AltLayer features a user-friendly no-code dashboard designed to aid experienced developers and those with limited coding knowledge to create a tailored execution layer in just five minutes with minimal effort. The dashboard offers customization options, including network-level parameters like the number of sequencers, chain-level settings such as block gas limit and contract size, and middleware solutions like bridges and RPC providers. Users can configure these parameters through simple clicks, streamlining the process of setting up a customized execution layer to suit their specific requirements. [6]

FlashGPT

FlashGPT, utilizing OpenAI's GPT-language model, offers developers an easier approach to writing and deploying Solidity smart contracts with ease and security. This tool, introduced in April 2023, aims to simplify the smart contract development and deployment process, particularly for those new to the space. [7][8][9]

Moreover, FlashGPT facilitates the deployment of generated contracts across a diverse array of Layer 1 and Layer 2 networks, including Arbitrum, , , Polygon PoS, Polygon zkEVM testnet, , and Scroll alpha . Notably, the tool is integrated with AltLayer's Rollup-as-a-Service solution, allowing for deployment on an application-specific , known as the flash layer, provisioned by AltLayer. This integration enhances accessibility and encourages exploration within the development space, catering to developers with varying experience levels. [7][8][9]

ALT Token

ALT is AltLayer's native . It has various roles within the ecosystem. It serves as an economic bond, employed alongside restaked assets to provide economic stake, with the risk of slashing in case of malicious behavior detection. Additionally, ALT holders have governance rights, enabling them to participate in decision-making processes through voting. Operators within the AltLayer ecosystem are incentivized with ALT tokens for their contributions, while network participants utilize ALT for protocol fees, covering intra-network services and transactions. [10]

Tokenomics

ALT has a total supply of 10,000,000,000 tokens and has the following distribution:
ALTokenomics.webp

  • AltLayer Treasury: 21.5%
  • Protocol Development: 20%
  • Investors: 18.5%
  • AltLayer Team: 15%
  • Ecosystem & Community: 15%
  • Strategic Advisors: 5%
  • Launchpool: 5%

Partnerships

AltLayer x Lagrange

In March 2024, the AltLayer team announced that they are bringing co-processing to rollups by integrating Lagrange’s parallel prover service. Additionally, AltLayer would also be running an operator for Lagrange’s coprocessor and state committee actively validated services (AVSs). As a part of the partnership, AltLayer's flagship product ‘restaked rollups’ was augmented with Lagrange’s Parallel Prover. [12]

AltLayer x Polyhedra

In April 2024, AltLayer announced its rollups would be integrated with Polyhedra’s zkBridge functionalities, enabling "trustless, efficient, and secure interoperability" across various Layer 1 and Layer 2 networks like , and more. Additionally, AltLayer joined as a node operator for Polyhedra’s  dual-staking AVS, securing transactions with restaking mechanism. [13]

The team also added:

"As part of our partnership, AltLayer is set to join Polyhedra’s dual-staking AVS for Bitcoin zkBridge, enhancing the system’s decentralization and robustness, and the overall security and reliability of the infrastructure. As part of this network, AltLayer will support the trust-minimized interoperability designed for Bitcoin with AVS."[13]

AltLayer x Nebra

On April 24, 2024, AltLayer partnered with Nebra to integrate their Universal Proof Aggregation (UPA) into rollup solutions. The integration was done to enable AltLayer’s users and (dApps) to benefit from cost reductions, particularly during periods of high transaction volumes, while maintaining security and integrity. [14]

AltLayer x Brevis

On April 16, 2024, AltLayer partnered with Brevis - a ZK coprocessor service provider to "bring trustless data access and computation to dApps built on AltLayer’s restaked rollups". [15]

Brevis will be deploying its ZK coprocessor for AltLayer’s rollups. This will build on our focus on bringing new capabilities to those deploying rollups via AltLayer. - the blog post mentioned[15]

AltLayer x Sei

On April 2, 2024, AltLayer announced a collaboration with  on its new product “The Parallel Stack.”

"Our RaaS solutions will make it easier for users to deploy parallelized execution via Sei at the touch of a few buttons! Additionally, our restaked rollup products will support the Parallel Stack, allowing those rollups to simultaneously benefit from EigenLayer’s restaking mechanism." [16]

The Parallel Stack is an open-source framework designed to create rollups using parallel processing. This architecture is inspired by the learnings from building the most performant EVM blockchain in . It aims to improve rollup performance and address the throughput bottlenecks faced by Layer 2 . [16]

See something wrong?

Average Rating

No ratings yet, be the first to rate!

How was your experience?

Give this wiki a quick rating to let us know!

Edited By

Profile picture of Anonymous userzainab

Edited On

August 14, 2024

Reason for edit:

updated page with new partnerships info

Loading...

REFERENCES

[1]

AltLayer Documentation

Mar 6, 2024

[2]

What is AltLayer? | CryptoLola

Mar 6, 2024

[3]

VITAL | AltLayer Docs

Mar 6, 2024

[4]

MACH | AltLayer Docs

Mar 6, 2024

[5]

SQUAD | AltLayer Docs

Mar 6, 2024

[6]

RaaS Offerings | AltLayer Docs

Mar 6, 2024

[7]

FlashGPT | AltLayer Docs

Mar 6, 2024

[8]

FlashGPT | ETHGlobal

Mar 6, 2024

[9]

AltLayer Launches FlashGPT v2.0 | Medium

Mar 6, 2024

[10]

AltLayer Launches ALT Token | Medium

Mar 6, 2024

[11]

Press Release: AltLayer secures $14.4M in strategic fundraising round

Aug 14, 2024

[12]

AltLayer partners with Lagrange to add high-power coprocessor to rollups

Aug 14, 2024

[13]

AltLayer to bring cross-chain interoperability to rollups with Polyhedra partnership

Aug 14, 2024

[14]

AltLayer partners with Nebra to bring ZK proof aggregation to rollups

Aug 14, 2024

[15]

AltLayer partners with Brevis to add ZK coprocessor to rollups

Aug 14, 2024

[16]

AltLayer partners with Sei

Aug 14, 2024