Altlayer

Altlayer Data

Altlayer Overview

Altlayer (ALT) is a cryptocurrency and the core token of the AltLayer protocol, a decentralised platform aimed at enhancing the scalability of the Ethereum blockchain through the development of Ethereum rollups. By aggregating transactions and processing them off the main Ethereum chain, AltLayer aims to alleviate congestion and improve transaction efficiency. The protocol is distinguished by its restaking mechanism, which bolsters security, decentralisation, and transaction speed. ALT tokens serve multiple vital roles within the ecosystem such as an economic bond to deter malicious activities through stake slashing, for governance by allowing token holders to vote on protocol decisions, as incentives for network operators, and for protocol fees to ensure its economic viability. Founded by Yaoqi Jia, AltLayer contributes to the broader Ethereum ecosystem's scalability and efficiency.