Question 1

What is Altlayer (ALT)?

Accepted Answer

Altlayer (ALT) is a cryptocurrency and the native utility token of the AltLayer protocol, a decentralised platform designed to facilitate the creation of Ethereum rollups. These rollups are intended to enhance the scalability of the Ethereum blockchain by bundling transactions together and executing them on a separate layer. This approach helps to reduce congestion on the main Ethereum chain. AltLayer is noteworthy for its use of a restaking mechanism to provide enhanced security, decentralisation, and faster finality for transactions within its ecosystem​​​​.

Question 2

What is Altlayer (ALT) used for?

Accepted Answer

The ALT token is used for several critical functions within the AltLayer ecosystem:

* **Economic Bond:** ALT tokens are used alongside restaked assets to provide economic stakes, which can be slashed if malicious behaviour is detected.
* **Governance:** ALT token holders have the right to vote on governance decisions affecting the protocol.
* **Protocol Incentivisation:** Operators within the AltLayer ecosystem can earn ALT tokens as rewards for their services, promoting active participation and maintenance of the network.
* **Protocol Fees:** Participants in the network are required to pay fees in ALT tokens for intra-network services, ensuring the economic sustainability of the AltLayer protocol​​.

Question 3

Who created Altlayer (ALT)?

Accepted Answer

AltLayer was established by Yaoqi Jia, co-founder of blockchain firm Zilliqa and former director of Parity Asia. The project has garnered support from an impressive array of investors in the cryptocurrency and blockchain industry, including Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, and several notable individuals like Balaji Srinivasan, Gavin Wood, Sean Neville, and Ryan Selkis.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ALT-USDT ALTUSDT	binance	AA	0.007840USDT	-0.76%	38,491,032.00ALT	5,780	0.007900USDT	0.008100USDT
2	ALT-USDT ALT_USDT	whitebit	BB	0.007840USDT	-0.76%	36,299,724.00ALT	7,126	0.007900USDT	0.008100USDT
3	ALT-USDT ALTUSDT	bybit	A	0.007854USDT	-0.47%	25,378,791.20ALT	6,531	0.007892USDT	0.008083USDT
4	ALT-USDT ALT_USDT	gateio	A	0.007848USDT	-0.62%	6,939,862.00ALT	1,596	0.007896USDT	0.008083USDT
5	ALT-TRY ALTTRY	binance	AA	0.3850TRY	-1.03%	6,904,444.00ALT	281	0.3890TRY	0.3970TRY
6	ALT-USDC ALTUSDC	binance	AA	0.007840USDC	-0.76%	3,641,135.00ALT	280	0.007900USDC	0.008090USDC
7	ALT-USD ALT-USD	coinbase	AA	0.007870USD	-0.88%	1,195,010.00ALT	237	0.007939USD	0.008070USD
8	ALT-USDC ALT_USDC	gateio	A	0.007913USDC	0.34%	785,623.03ALT	154	0.007886USDC	0.008080USDC
9	ALT-USD ALTUSD	kraken	AA	0.007910USD	-0.38%	259,820.02ALT	90	0.007939USD	0.008070USD
10	ALT-USD ALT_USD	cryptodotcom	AA	0.007854USD	-0.76%	27,390.00ALT	16	0.007913USD	0.008094USD
11	ALT-EUR ALTEUR	kraken	AA	0.007200EUR	1.98%	10,704.16ALT	5	0.007060EUR	0.007200EUR
12	ALT-USD ALTUSD	cexio	BB	0.007845USD	-0.93%	2,933.62ALT	2	0.007918USD	0.007918USD
13	ALT-USDT ALTUSDT	cexio	BB	0.007844USDT	-0.84%	2,834.51ALT	2	0.007911USDT	0.007970USDT
14	ALT-KRW KRW-ALT	upbit	B	10.70KRW	-0.93%	20,185,778.06ALT	383	10.80KRW	11.00KRW
15	ALT-USDC ALTUSDC	bitrue	D	0.007860USDC	-0.51%	19,246,669.40ALT	36,895	0.007900USDC	0.008100USDC
16	ALT-USDT alt_usdt	lbank	C	0.007846USDT	-0.57%	11,133,457.00ALT	2,084	0.007891USDT	0.008088USDT
17	ALT-USDT ALT_USDT	bitunix	C	0.007849USDT	-0.51%	9,298,399.00ALT	6,797	0.007889USDT	0.008080USDT
18	ALT-USDT ALTLAYERUSDT	mexc	C	0.007851USDT	-0.57%	6,983,204.89ALT	3,034	0.007896USDT	0.008076USDT
19	ALT-USDT ALT-USDT	bingx	D	0.007860USDT	-0.38%	6,162,249.08ALT	6,472	0.007889USDT	0.008080USDT
20	ALT-USDT altusdt	huobipro	C	0.007900USDT	0.00%	2,115,424.96ALT	295	0.007900USDT	0.008100USDT
21	ALT-USDT alt1_usdt	digifinex	D	0.007849USDT	-0.76%	1,276,927.00ALT	1,335	0.007910USDT	0.008090USDT
22	ALT-KRW ALT_KRW	bithumbkorea	-	10.47KRW	-1.41%	1,141,559.99ALT	83	10.62KRW	10.86KRW
23	ALT-EUR ALT-EUR	bitvavo	B	0.007030EUR	-0.65%	849,983.31ALT	40	0.007076EUR	0.007174EUR
24	ALT-IDR altlayeridr	indodax	E	139.00IDR	2.96%	390,506.91ALT	45	135.00IDR	156.00IDR
25	ALT-USDT ALTUSDT	bitrue	D	0.007840USDT	-0.63%	247,832.00ALT	432	0.007889USDT	0.008090USDT
26	ALT-THB THB_ALT	bitkub	C	0.2656THB	-0.45%	593,382.77ALT	23	0.2668THB	0.2725THB
27	ALT-EUR ALTEUR	bit2me	B	0.007200EUR	1.98%	10,704.16ALT	5	0.007060EUR	0.007200EUR
28	ALT-KRW ALT_KRW	coinone	C	10.64KRW	1.04%	4,582.79ALT	1	10.53KRW	10.64KRW
29	ALT-INR ALTINR	coindcx	-	0.7659INR	-1.63%	4,393.52ALT	7	0.7786INR	0.8100INR
30	ALT-USDT ALTUSDT	coinex	C	0.007482USDT	0.00%	0ALT	0	0.007482USDT	0.007482USDT
31	ALT-BTC BTC-ALT	upbit	B	0.0₇8000BTC	0.00%	0ALT	0	0.0₇8000BTC	0.0₇8000BTC
32	ALT-KRW alt_krw	korbit	C	10.32KRW	0.00%	0ALT	0	10.32KRW	10.32KRW
33	ALT-BRL ALT-BRL	mercadobtc	C	0.03800BRL	-11.62%	449.73ALT	4	0.04299BRL	0.04299BRL
34	ALT-USDT ALT_USDT	poloniex	C	0.006610USDT	0.00%	0ALT	0	0.006610USDT	0.006610USDT
35	ALT-USDT USDT-ALT	upbit	B	0.007700USDT	0.00%	0ALT	0	0.007700USDT	0.007700USDT
36	ALT-USDT ALTUSDT	hitbtc	E	0.006757USDT	0.00%	0ALT	0	0.006757USDT	0.006757USDT