AltLayer Introduces ALT Token Staking

The decentralized platform AltLayer has launched staking for its native ALT token.

? ALT staking is now LIVE, kicking off a phased launch of MACH Alpha: our fast-finality layer ?

With staking, ALT holders can participate & provide economic security ? https://t.co/EKc1YpZlSIhttps://t.co/oy5acht8OW

Our vision for MACH Alpha ??https://t.co/eA5HQNRK9m pic.twitter.com/Hn0CgDczy1

— AltLayer (@alt_layer) March 27, 2024

In January, an airdrop of the coin took place.

The staking launch marks the first phase of deploying the MACH Alpha product. This solution, based on the EigenLayer restaking mechanism, is designed for rapid finalization of rollups.

Initially, the tool is expected to support two of the most common Rollups technologies — from OP Mainnet and Arbitrum One.

According to the developers, MACH Alpha aims to eliminate liquidity fragmentation and compatibility issues in the growing rollups segment. Currently, such L2 networks are forced to rely on data verification in Ethereum, which can take up to 13 minutes.

The tool will provide end users with:

• quick transaction confirmation;
• cryptographic security;
• decentralized rollup state verification.

Ultimately, MACH Alpha is intended to become a solution for applications beyond the EVM, yet relying on Ethereum’s blockchain security through EigenLayer. The phased launch is expected to allow for testing of all implemented components in stages.

The project is positioned as a Rollups-as-a-Service (RaaS) platform for creating customized L2 protocols.

Earlier in March, the BNB Chain team introduced RaaS infrastructure.