Top global crypto exchange Binance has announced plans to support another new altcoin via its Launchpool platform.
Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. They’re designed to help with scaling by reducing transaction costs and congestion on the main Ethereum chain.
Binance says it will attach a seed tag to ALT, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
AltLayer aims to make it easier for developers to design custom rollups.
Explains the project,
“With AltLayer, we bring together a novel idea of Restaked Rollups which takes existing rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.) and provides them with enhanced security, decentralization, interoperability, and crypto-economic fast finality. Restaked rollups combine the ease of spinning up rollups using rollup stacks and others with the power of EigenLayer’s restaking mechanism to bootstrap network security and build a decentralized network.”Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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