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The proliferation of Layer 2 solutions, including rollups, has emerged as a response to Ethereum's high transaction costs and extremely slow finality times of up to 20 minutes. Rollups have gained popularity due to their outstanding cost-efficiency and scalability as compared to Layer 1 transaction mechanisms. However, the extensive diversity of rollup solutions and SDKs has led to compatibility issues. Many rollups also don't provide the requisite security and finality for specific decentralized application (DApp) types.
AltLayer (ALT) is a platform designed to tackle these challenges head-on. It offers existing rollups enhanced security, improved finality and decentralized sequencing. Additionally, AltLayer simplifies the rollup creation process by providing a user-friendly interface that lets anyone launch new rollups in a matter of minutes without any coding.
In essence, AltLayer presents a solution in which rollups cater to a wide array of needs and applications, ensuring that fast finality, robust security and decentralization are no longer pain points for DApp operators who utilize rollups.
Key Takeaways:
AltLayer is a decentralized protocol that allows users to launch fully functional Layer 2 rollup solutions in minutes, with no coding required.
It also provides a stack of tools to help improve the security, finality and decentralized sequencing of existing rollup solutions.
AltLayer’s modular approach lets users deploy rollups that combine different run time, data availability and settlement layer types.