Key Takeaways:
- Peek into what AltLayer’s Rollup-as-a-Service solution does and why it can be instrumental in launching new Web3 ventures.
- Look at how one can build scalable blockchain applications using AltLayer’s unique technological provisions.
- Explore the possibilities this new-generation technology provides for businesses of all scales with our experts.
Since its inception in the blockchain space, AltLayer has generated shockwaves with its novel and noble mission. As one of the most advanced blockchain infrastructure projects out there, AltLayer has scored heavily as a Rollup-as-a-Service solution with support for numerous blockchains. It aims to open a plethora of opportunities to new-age businesses in the global Web3 space with its novel technological nature. Our guide focuses on how AltLayer benefits businesses aspiring to build scalable blockchain applications through its excellent technology and efficient protocol schemes. Let’s dive headlong into analyzing AltLayer’s solution for application-specific rollups for businesses across industries.
AltLayer’s Rollup-as-a-Service Solution
As you might have heard, AltLayer is a decentralized rollup-as-a-service solution that aims to revolutionize the diverse world of blockchain networks. It is one of the earliest efforts to unite the wider Web3 space by providing capabilities to connect layer-1 and layer-2 blockchains.
- The RaaS protocol from AltLayer needs no coding knowledge, meaning designing a rollup using its infrastructure is way easier compared to building one from scratch. It functions across various blockchains and virtual machines (VMs), making it a competent and accessible solution for businesses.
- It promotes efficiency by addressing pressing issues like centralized verification mechanisms, slower finality, infeasible interoperability protocols, and centralized transaction sequencing. As said earlier, AltLayer taps into decentralized mechanisms to ensure no centralized processes occur, thereby making businesses fall in line with Web3 ethos.
- Businesses tapping into the rollup solution will be protected by a layer-1 blockchain of their choice, empowering them to have the best of both worlds. The solution also incurs economic costs as it is based on the concept of ephemeral rollups, which can be disposed of once their need is over.
How AltLayer Uses Restaked Rollups?
One technology that AltLayer has been notably using is “Restaked Rollups,” which can be defined as a solution made by combining an existing layer-2 rollup stack with EigenLayer’s restaking mechanism. These rollups provide businesses with boosted security, decentralization, interoperability, and lightning-fast transaction throughput.
- VITAL: VITAL in AltLayer is an Actively Validated Service (AVS) component that is used to verify a rollup’s state in a decentralized manner. It ensures transaction verifiability by implementing a 3-tier finality architecture that can detect and challenge invalid state roots.
- MACH: MACH is an AVS that facilitates quick processing in the AltLayer protocol by ensuring fast transaction finality, crypto-economic security, support for both ZK and optimistic rollups, and support for various proof systems. It taps into three state validity modes – Pessimistic, Optimistic, and Validity Proof, to ensure rollup operators have followed the correct state transition functions.
- SQUAD: SQUAD promotes decentralized sequencing of transactions to be placed on the main blockchain by providing sequencers that will operate the rollup for applications. The method enables small businesses to utilize the power of app-specific rollups by making them not need to bootstrap and host sequencers that will cost them heftily.
Advantages AltLayer’s Technology Gives Us
Businesses planning to build scalable blockchain applications often look for advantages of the solution they would like to use. Especially with ones like AltLayer that come with several breakthrough ideas, analyzing the benefits on offer occupies the prime spot for any aspiring Web3 business owner.
- Quick Transactions: Since it uses diverse state validation methods, transactions get registered on-chain in mere seconds, in contrast to traditional layer-1 networks where user congestion dictates the transaction speeds.
- Cheap Processing Costs: The usage of efficient technology stacks by AltLayer’s RaaS solution also embellishes businesses by processing transactions at low costs (typically fractions of a cent per transaction).
- Flash Layering: Flash layering provided by AltLayer’s scalable rollup solution ramps up transactions per second (TPS) by manifold, increasing the capacity of app-specific blockchains to function normally even during congestion.
- Extensive Support: The protocol lends rollup blockchains with support to multiple layer-1 and layer-2 (including fellow rollup-based networks) that lets businesses choose their fundamental layer freely.
- High Decentralization: Since AltLayer works with distributed transaction sequencers and nodes and ensures their nature, utmost decentralization is ensured for projects trying to ride on the advantages of distributed data storage and handling.
Planning to Build a Scalable Blockchain Business Solution?
Technological Stacks AltLayer Utilizes
Using powerful and state-of-the-art technological stacks has been one of the foremost reasons that make AltLayer a go-to decentralized rollup protocol for businesses. These technologies aid projects to become powerful members of the market, backed by their favorite layer-1 network for security.
- Rollup Stacks: Arbitrum Orbit, OP Stack (Optimism), Polygon CDK, and zkSync ZK Stack.
- Data Availability Layers: EigenLayer, Celestia, Avail, and Near Protocol.
- Sequencers: Beacon Layer, Espresso, and Radius.
- Block Explorers: Blockscout, Dexguru, Lore, RouterScan, Dora, Nexandria, Parsec Finance, and Socialscan.
- Bridges: Hyperlane, Connext, Celer, Omni, Orbiter Finance, and Superbridge.
Examples of Blockchain Applications Using AltLayer’s Infrastructure
Within its short existence, AltLayer has become a haven for several prolific blockchain business applications that have attained incredible success among Web3 enthusiasts. It is essential to note that projects based on most business models have entered the AltLayer ecosystem, making transactions seamless and cost-efficient for users and businesses alike.
- On/Off Ramp: Singularity, Transak, Meld, Fazz, StraitsX, Ramp, and Halliday.
- Storage: EthStorage
- Gaming: Double Jump, Oasys, Cometh, Polychain Monsters, Bladedao, and Cellula.
- Decentralized Finance: Injective, Catalyst, and Deri Protocol.
- Real-world Asset Tokenization: ALLO
- Oracle and Middleware: ARPA, Automata, and Switchboard.
- Social NFT Platforms: Avive, Asmatch, Evolv, Lemonade Social, Oveit, and Chirpley.
- DAO Governance: Tally and Snapshot.
- Wallet: Banana Wallet, Biconomy, Meld, and Rabby.
- Quest Platforms: QuestN, Degame, Port3, and Taskon.
- Indexing: The Graph
- ZK Tools: RiscZero
- MEV Tooling: Shutter
- Decentralized Identity Tool: Idos
How Can We Aid in Integrating Your Blockchain Application on AltLayer?
With all the promise AltLayer provides as an infrastructure solution for blockchains, you might be wondering how you can tap into such advanced technology to make your business efficient. With our expertise in using new-age technologies for business, you can build scalable blockchain applications seamlessly.
Our professionals can aid you with creating blockchain applications based on various business models using AltLayer’s Rollup-as-a-Service solution that can be implemented in no time. From NFT platforms and DeFi applications to storage layers and wallet solutions, AltLayer’s sophisticated elements can make your business efficient and appealing to users at all times.
Conclusion
Therefore, we have seen what AltLayer is and how it aids businesses to become highly efficient and scalable at economical costs. If you are planning to build scalable blockchain applications, utilizing AltLayer’s revolutionary Rollups-as-a-Service solution can come in handy. With Blockchain App Factory’s prowess in handling such new-generation technologies, you can easily maximize your business prospects. Our experts deliver solutions that abide by all your requirements at affordable prices, making our services accessible to all entrepreneurs. Get in touch with one of our seasoned professionals to discuss how your new Web3 business can utilize AltLayer’s scalability solution to full use.
