In August this year, Binance Labs announced a strategic investment in the Layer 2 network AltLayer. What is the difference between this project and other Layer 2 networks? Why is it attracting the attention of the top institutions in the market?

What is AltLayer?

AltLayerIt is a decentralized and elastic Rollup-as-a-Service (RaaS) protocol that provides application developers with a highly scalable application-specific execution layer (Flash Layer).

To put it simply, developers only need to click some buttons and configure parameters, and with the help of AltLayers launchpad or control panel, they can quickly publish application-specific Rollups in a few minutes, creating a Rollup service in the blockchain world platform.

Why do you need AltLayer?

During the bull market, whenever there is an NFT sales activity, network usage often increases dramatically in a short period of time, causing Ethereum gas fees to soar and transaction confirmation times to significantly extend.

At this time, if the AltLayer network exists, it can temporarily help Ethereum expand network capacity, increase transaction speed, and reduce gas costs. After the sales event is over, the Ethereum network will return to normal.

Therefore, the reason for using AltLayer is that these popular projects based on Ethereum do not need to move due to network congestion and can continue to enjoy the benefits of the Ethereum ecosystem.

In addition, AltLayer not only supports Ethereum, but is also compatible with other blockchains. It is like a modular expansion solution that can provide temporary network expansion for different blockchains, which will be a great help for the vigorous development of the blockchain ecosystem!

AltLayer network features

AltLayer networks have similar characteristics to other Layer 2 networks:

• Zero-knowledge proof technology: AltLayer uses a forward-looking zero-knowledge proof protocol to ensure the privacy and security of transactions. Zero-knowledge proof will not reveal any transaction details.

• Nearly zero transaction costs: There is no need to pay high gas fees for transactions on the AltLayer network, and transaction costs are close to zero. This allows applications to conduct small transactions without having to consider costs.

• Mainnet-level security: AltLayer network inherits the security of the Ethereum mainnet, and all assets are protected by the mainnet.

• Extremely high throughput: In theory, AltLayer can handle tens of thousands of transactions per second, which is unmatched by other Layer 2 solutions. This allows more high-frequency trading applications to use the AltLayer network.

Compared with other Layer 2 solutions, AltLayer networks have the following unique advantages:

• Ease of use: AltLayer can not only serve as Layer 2 of Ethereum, but can also support other blockchains in the future. It can be customized for specific applications and become a cross-chain Layer 2 solution.

• Flexibility: AltLayer allows developers to start and stop execution layers as needed, improving resource utilization.

• Compatibility: AltLayer supports EVM and WASM and is interoperable with all EVM and WASM compatible chains.

• No code: The Dashboard on the platform can help users deploy different types of Rollups in just 2 minutes, and the process does not require any coding skills.

Wasm is a new type of code that can be executed on modern browsers, supports more traditional programming languages, such as Rust, C, C++ and JavaScript, etc., and can also be used for non-blockchain projects and browser extensions. program.

AltLayer token airdrop?

So far, AltLayer has received financing from Binance Labs, Polychain Capital, Breyer Capital and Jump Crypto. Overall, if AltLayer receives investment from Binance and is a public chain-level project, its potential chances of issuing airdrops are relatively large.

Since AltLayer is still in the test network stage, users can take advantage of the relatively low-profile opportunity to try out relevant ecological interactions to increase their chances of obtaining airdrops. For detailed operations, please refer to the instructions provided below.

How to receive test tokens and perform cross-chain bridging

• Go toChainlist。

• Connect the wallet and add Sepolia test network (Chain ID: 11155111)

• Receive test tokens ETH, MSEQ and test NFT MSNFT

• Test ETH: Go toWebsite 1orWebsite 2Enter the wallet address to receive test ETH (both require registration to receive, sometimes registration fails, if failed, please try another one)

• Test MSEQ: Go tothis websiteGet MSEQ

• Test NFT MSNFT: Go tothis websiteCasting, you need to test ETH before casting

• Go toOfficial cross-chain bridge, select the asset type you want to cross-chain, and cross-chain the test token to Multi Sequencer Testnet L2

Further reading:Metamask little fox wallet tutorial, you can understand registration, transactions, deposits, and withdrawals at once!

Note that if you want to cross-chain the test NFT, you need to enter the NFT ID. Users canBlockchain browserSearch your wallet address on the website and find the NFT minting record to query the ID

AltLayer Rollup launchpad interaction method

The biggest feature of AltLayer is the Rollup service platform, so the following step by step guides you to create Flash Layer in AltLayers Dashboard:

1. Go tothis websiteReceive ETH tokens from GOERLI test network

Note: You can only receive it once every 24 hours. Sometimes there are too many recipients and the delivery will fail.

2. Get rETH or sETH

You will need to use rETH or sETH in the future. Just choose one of the two. A minimum of 0.012 is required. The method of receiving is as follows:

• rETH: Send ETH directly to: 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F

• sETH: inRocketpoolStake ETH to obtain sETH

• 3. Pledge

• Go toeigenlayer website

• Choose Rocket Pool Ether (rETH) or Lido Staked Ether (sETH) for staking, the minimum input is 0.012



• 4. Create the Flash layer

• Go toAltLayer Dashboar(requires login)

• Select Restaking Trial

• Enter Flash Layer name

• After completion, scroll to the bottom, select Validate address ownership, and create

• The waiting status changes from Queued to Active and you are done!

in conclusion

AltLayer official website will be released from time to timeGalxeRelevant points activities are held on the website, and users can obtain points as long as they complete specified tasks, such as the creation of Flash Layer above (the event has ended), etc. Perhaps this will be one of the considerations for future airdrop standards.

In addition, users can also participateOfficial Discord communityCome and look for any relevant testing activities in the near future. Compared with other Layer 2 networks, AltLayer’s testing methods are different, so interact more with the community and you may have some unexpected surprises!