The First : The Modularization Protocol AltLayer Leading the New Era of L2 Solutions

In the evolution of blockchain, scalability and customization have become the core demands of developers. Although ZK Rollups and Optimistic Rollups significantly improve the performance of blockchains such as Ethereum, they face challenges such as accessibility, difficulty in customization, centralization risks, and liquidity dispersion. AltLayer, with its Rollups-as-a-Service innovative model, gives developers the ability to directly manage rollups, achieve high customization and infrastructure control, and lead a new era of blockchain applications.
On July 9th, 2024, AltLayer will land in The First spot area and slowly unfold a Rollup encrypted world of Modularization + Restaking narrative for platform users.

What is AltLayer?
AltLayer, as a force leading the forefront of blockchain technology, positions itself as an open and decentralized protocol, born specifically for the innovation of rollup technology. The core highlight of this protocol is its original Restaked rollup concept, which cleverly integrates existing mainstream rollups (such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.) with EigenLayer's restaking technology, aiming to comprehensively improve the security, decentralization level, interoperability performance, and achieve fast and final encryption of the blockchain network.
AltLayer provides solid support for diverse rollups through carefully constructed three vertically integrated active verification services (AVSes). These services not only ensure the accuracy of rollup status, but also accelerate the final confirmation process of transactions, and further consolidate the robustness of the blockchain through a decentralized sorting mechanism. For application-specific rollups that pursue high performance and security, AltLayer is undoubtedly an indispensable key service provider.

Advantages of AltLayer technology
In terms of technical narrative, the Modularization trend is a technology narrative that is expected to have a significant impact on the future of blockchain. It has been developing since 2021, solving the cost problem of maintaining Rollup/Layer 2 operations through three parallel stages, creating easier and more industrialized Rollups (such as AltLayer and Dymension Rollup), and continuously launching new Rollups after solving cost problems and technical challenges. These stages are developing at different speeds in different project fields.
Among the products provided by AltLayer, Rollup-as-a-Service (RaaS) is a service that provides Rollup for Web3 projects, including three core services: staking Rollup, decentralized serialization, verification of Rollup state correctness, and faster final certainty, which helps to decentralize Rollup, improve security, and interoperability between Rollups. In addition, the no-code dashboard is a RaaS service provided for developers or users without experience in building Rollup-related code, allowing users to create execution layers and other related components such as serializers and block gas limits in just 5 minutes.

AltLayer has published its native token ALT. Transaction fees, storage fees, and other services within the AltLayer ecosystem will be paid with its native token ALT, which is also used for governance and participation in consensus mechanisms, contributing to cyber security. Currently, ALT tokens are listed and available for trading on the Bitget platform. Holders can not only earn collateral rewards by staking tokens, but also participate in the decision-making process of the protocol, enhancing the security and governance of the entire network.
Main features and highlights of AltLayer

1. Innovative Restaked Rollups mechanism:

• Combining multiple existing rollup technology stacks with EigenLayer's restaking mechanism enhances network security and decentralization.
• It provides three core services: rollup state correctness verification (VITAL), fast finality (MACH), and decentralized sorting (SQUAD).

1. Rollup-as-a-Service (RaaS) Launchpad：

• No-code platform: Lowering technical barriers, making it easy for developers and non-technical users to create and deploy rollups.
• Multi-chain and multi-virtual machine support: Meet the needs of different developers and support a wider range of application scenarios.
• Compatible with multiple technology stacks: Modularization design, supports various rollup technology stacks and data availability layers such as OP Stack, Arbitrum Orbit, Polygon zkEVM, etc.
• Temporary and persistent rollup options: Flexibly respond to different application requirements and optimize resource usage.

1. Instantaneous Rollups Concept:

• The instantaneous rollup introduced by AltLayer allows developers to quickly start and destroy rollups according to application requirements, improving resource utilization efficiency and reducing costs.

1. Enhanced security and decentralization:

• Through the restaking mechanism of EigenLayer, the security and decentralization of the network are ensured, and the reliability and transparency of the system are improved.

1. Cross-chain interoperability and fast finality:

• Provide interoperability across rollups, enabling rollups to interact more effectively with other blockchain systems.
• Accelerate the transaction confirmation process, reduce waiting time, and improve User Experience and Economics.

1. User-friendly interface and fast deployment.

• The graphical interface makes the operation intuitive and simple, and users can quickly get started without delving into technical details.
• Create and deploy rollup in a few minutes, greatly shortening the development cycle.

1. Modularization design:

• Modularization components such as VITAL, MACH, SQUAD in the project can be independently upgraded and optimized to improve the flexibility and scalability of the system.
  The Restaked Rollups project has brought a more secure, efficient, flexible, and decentralized rollup solution to the blockchain industry through a series of innovations and optimizations, providing great convenience and value for developers and users.

III. AltLayer team information
AltLayer was founded by Jia Yaoqi, former co-founder of Zilliqa (the first blockchain network to implement sharding), former general manager of Parity Asia (a blockchain infrastructure service company), and more than 20 members of his team.

AltLayer has also received over $7.20 million in seed round financing from top funds and investors around the world, including Polychain Capital, Breyer Capital, Jump, Gavin Wood, etc. For example, in July 2022, AltLayer completed a $7.20 million seed round financing led by Polychain Capital and Jump Crypto, with well-known investors such as Polkadot founder Gavin Wood and former Coinbase CTO Balaji Srinivasan also participating. In August 2023, it also received investment from Binance Labs.
The AltLayer team has a strong background and members come from top projects in the blockchain field. They have a strong technical team and financial support.
IV. AltLayer Token Economics
ALT token is the native utility token of the AltLayer ecosystem, with a total supply of 10,000,000,000 ALT, responsible for providing ecological support and incentivizing the operation and development of the network.

• Economic Bond: ALT token holders can mortgage their tokens to participate in the consensus mechanism and receive rewards for protecting the network. This mechanism not only helps ensure the security of the network, but also reduces bets when malicious activity is detected, further enhancing the network's resistance.
• Governance: ALT token holders have voting rights and can participate in deciding the development direction and operation strategy of the protocol. This governance model promotes a decentralized decision-making process, allowing community members to directly participate in the management and improvement of the AltLayer ecosystem.
• Fees: Within the AltLayer ecosystem, all transaction fees, storage fees, and other service fees can be paid with ALT tokens. This includes everything from simple transactions to more complex operations such as contract execution, ensuring the liquidity and practicality of tokens.
• Incentive Mechanism: Operators and validators receive ALT tokens as rewards for providing network services. This mechanism incentivizes participants to maintain network activity and security while ensuring service quality and efficiency.
  With the support of the above services, ALT tokens not only support AltLayer's technical infrastructure, but also promote community participation and the overall healthy development of the ecosystem. By investing in ALT tokens, holders can not only benefit from the growth of the network, but also have an impact on the future of the ecosystem by participating in governance and other activities.
  ALT token distribution plan:
  Binance Launchpool: 500,000,000 ALT (5%)
  Consultant: 500,000,000 ALT (5%)
  Team Allocation: 1,500,000,000 ALT (15%)
  Investors: 1,850,000,000 ALT (18.5%)
  Protocol development: 2,000,000,000 ALT (20%)
  Ecosystems and communities: 1,500,000,000 ALT (15%)
  Treasury: 2,150,000,000 ALT (21.5%)

With more and more applications entering the blockchain field, the demand for efficient, low-cost, and user-friendly scalable solutions will continue to increase. AltLayer, as a RaaS protocol and Web3 infrastructure based on Rollup technology, has huge market potential and competitive advantages.
ALT Launches The First Spot Zone
As a decentralized and highly scalable Layer 2 solution, AltLayer is reshaping the future of the blockchain industry with unprecedented innovation. With Restaked Rollups technology and Modularization design, AltLayer not only solves the problems of congestion and high gas fees on the Ethereum chain, but also expands application scenarios and ecological boundaries through multi-chain and multi-virtual machine support.
Its technological innovation has attracted the favor of many well-known investment institutions and market capital, laying a solid foundation for future capital growth and expansion. At the same time, the active construction of the community ecology has closely connected AltLayer with users and developers, jointly promoting the continuous development of the project.
With the successful landing of AltLayer, a decentralized and highly scalable L2 solution, on The First platform, the two parties have joined hands to open a new chapter in the blockchain field. This move not only injects fresh blood into The First platform, enhances its ecological diversity and market competitiveness, but also opens a convenient door for users. Users will be able to participate in AltLayer's transactions and ecological construction more easily, share the fruits of project growth, and exchange experiences and share information in the community atmosphere of The First, jointly promoting the prosperous development of the blockchain industry.