The Motley Fool Investing Philosophy: We generally recommend investors buy shares of at least 25 stocks and hold them for at least 5 years. Learn More
| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| ALT | -81.85% | N/A | N/A | -97% |
| S&P | +13.95% | +78.35% | +12.25% | +42% |
Altlayer (ALT) is a cryptocurrency and the core token of the AltLayer protocol, a decentralised platform aimed at enhancing the scalability of the Ethereum blockchain through the development of Ethereum rollups. By aggregating transactions and processing them off the main Ethereum chain, AltLayer aims to alleviate congestion and improve transaction efficiency. The protocol is distinguished by its restaking mechanism, which bolsters security, decentralisation, and transaction speed. ALT tokens serve multiple vital roles within the ecosystem such as an economic bond to deter malicious activities through stake slashing, for governance by allowing token holders to vote on protocol decisions, as incentives for network operators, and for protocol fees to ensure its economic viability. Founded by Yaoqi Jia, AltLayer contributes to the broader Ethereum ecosystem's scalability and efficiency.
No news articles found for AltLayer.
No podcast episodes available.
No transcripts available.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.