AltLayer Growth Manager: Raas makes launching Rollups as easy as deploying smart contracts, with over 1,000 Rollups expected to emerge by the end of 2024

2024-04-05 14:16:58

Collection

ChainCatcher news, the "Web3 Insight Summit" co-hosted by ChainCatcher, RootData, and Oak Grove Ventures was held today at the Renaissance Harbour View Hotel in Hong Kong. During the conference, Dorothy, the Growth Manager of the Rollup platform AltLayer, shared a presentation titled "Restaked Rollups," introducing the application prospects of Rollup technology in the Web3 field.

Dorothy mentioned that Rollup is essentially a new type of smart contract, and RaaS providers make launching a Rollup as simple as deploying a smart contract, eliminating the barriers of deployment and hosting for project teams. It is expected that by the end of 2024, there will be over 1,000 Rollups. Existing Rollups still face significant trust issues, such as single ordering, censorship, lack of fraud proofs, and overly centralized verification. AltLayer's Restaked Rollup differs from existing OP stacks and zk Rollups in that it has a modular framework for any Rollup stack, is decentralized, offers higher security, and provides safer and faster settlements.

Restaked Rollup is mainly divided into three middleware components: the decentralized validator VITAL, the fast settlement guarantor MACH, and the decentralized sequencer SQUAD. Among them, VITAL can verify the correctness of Rollup states and challenge validity proofs or generate and verify ZK proofs; MACH can provide fast settlements in seconds and offer shared security guarantees for RPC/cross-chain bridges/transactions; SQUAD makes sequencing more decentralized by allowing the community to participate in ordering and staking. MACH Alpha will be launched after the EigenLayer restaking mainnet goes live, allowing users to participate in token staking.

The "Web3 Insight Summit" is hosted by ChainCatcher, aiming to gather the most thoughtful and innovative Web3 veterans from around the world to provide more constructive insights for the industry, present more industry insights, and help Web3 move towards the mainstream.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.