ALT

Altlayer is a blockchain platform designed to enhance scalability and interoperability across multiple blockchain networks. It serves as a layer-2 solution, facilitating faster and cheaper transactions while maintaining the security of the underlying main chains. Altlayer aims to address common blockchain challenges such as network congestion and high transaction fees, making it easier for developers to build and scale decentralized applications (dApps).

The platform uses its native token, ALT, for various purposes within the ecosystem. This includes paying for transaction fees, staking to secure the network, and participating in governance decisions through voting. ALT token holders can influence the development and operational strategies of Altlayer, ensuring a community-driven approach.

By providing a seamless layer-2 solution, Altlayer enables more efficient cross-chain transactions and dApp functionality, fostering broader adoption of blockchain technology across different industries. This strategic focus positions Altlayer as a key player in advancing blockchain scalability solutions.