Go to the profile of  Brendon Lim
Brendon Lim
3 min read

ALT now available on Coinhako

ALT now available on Coinhako

We are thrilled to share that ALT is now listed on Coinhako.

What is ALT?

AltLayer is a blockchain platform built to launch high-performing Layer 2 rollups without any programming required. AltLayer's native cryptocurrency is the ALT token, which serves four core functions within the AltLayer ecosystem:

  1. Staking — ALT tokens can be staked within the network, alongside with restaked assets from the partnering EigenLayer platform.
  2. Governance — ALT token holders can participate in governance decisions, exercising their voting rights on critical matters concerning the direction and rules of the platform.
  3. Incentives — Validators on AltLayer earn ALT tokens as a reward for their services.
  4. Transaction Fees — Users pay for intra-network services in ALT tokens.

AltLayer addresses key issues for rollups like insufficient validators on Layer 2, slow finality times on Layer 1, and the reliance on a centralized sequencer node. It provides a suite of tools and decentralized sequencer network services. In addition, AltLayer can help launch various types of rollups in a matter of minutes without coding at all.

🚀 View ALT prices on Coinhako now

How does AltLayer work?

AltLayer’s modular architecture allows users to choose from various run-time layers like those based on EVM or WebAssembly (Wasm), data availability layers and settlement layers. AltLayer rollups are also highly elastic that can scale dynamically to meet fluctuating demand. To ensure compatibility, AltLayer facilitates the management and deployment of rollups based on both EVM and Wasm, the two dominant blockchain execution environments.

Its implementation of fraud proofs lets any node notify the network of potentially fraudulent transactions. AltLayer’s security is also boosted by its use of tiered finality as block finalization is split into three tiers to ensure the utmost accuracy in confirming transactions and maintaining the integrity of the blockchain network.

Another core function is flash layer rollups, used for temporary, high-demand scenarios, such as large-scale airdrop campaigns or token launches.

Why does ALT stand out?

Restaked Rollups

Restaked Rollups utilizes the EigenLayer Ethereum restaking solution, which enables functionality enhancements across any rollup on AltLayer is made up of three Actively Validated Service (AVS) layers, VITAL, MACH and SQUAD.

VITAL helps AltLayer-based rollups access a network of validators that verify transactional data proposed by a network of nodes known as SQUAD. MACH supports both ZK and optimistic rollups, and reduces the finality time from 13–15 minutes to less than 10 seconds. SQUAD is essentially a network of nodes that allows anyone to join as a validator, in order to act as part of an AltLayer rollup’s decentralized sequencer network.

Rollup-as-a-Service (RaaS)

RaaS is AltLayer’s product for launching new rollup platforms. At the base level, RaaS uses the same technologies that power Restaked Rollups. AltLayer provides a no-code dashboard to help you launch highly customizable rollups without needing to use any programming.

The rollups spun out with RaaS are highly versatile and modular, with the ability to combine different run time, data availability and settlement layers.

What can you do with ALT on Coinhako?

🚀 Trade ALT on Coinhako

ALT will be available for users to trade across all swap pairs on Coinhako.

To gain access to any of these trading pairs, you can either:

  1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment methods)
  2. Purchase ALT instantly with Visa / Mastercard

Risk Warning on Digital Payment Token Services

Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

  1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Visit: Coinhako.com/risk-disclosure for more information.