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<a href="https://bitcoinworld.co.in/binance-to-roll-out-support-for-altlayer-alt-on-launchpool-platform/" title="Binance To Roll Out Support For AltLayer (ALT) On Launchpool Platform" rel="noopener noreferrer nofollow"></a>
Binance crypto exchange has announced plans to support another new altcoin, AltLayer (ALT), via its Launchpool platform.
Binance Launchpool platform, which lets users stake coins to farm new assets, <a href="https://www.binance.com/en/support/announcement/introducing-altlayer-alt-on-binance-launchpool-farm-alt-by-staking-bnb-and-fdusd-8415d71c5cce481fb8bdec3651972366" rel="noopener noreferrer nofollow">stated</a> that its 45th project will be AltLayer (ALT), an open and decentralized protocol for Ethereum (ETH) rollups.
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Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data.&nbsp;
They’re designed to help with scaling by reducing transaction costs and congestion on the main Ethereum chain.
Between January 19th and the 25th, Binance users can stake BNB as well as the stablecoin First Digital USD (FDUSD) into separate pools to farm ALT tokens. Binance plans to list ALT on January 25th.
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.&nbsp;
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.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/binance-experiences-growth-recorded-over-4-billion-inflow-after-us-fine-settlement/" aria-label="“Binance Experiences Growth, Recorded Over $4 Billion Inflow After US Fine Settlement” (Edit)" rel="noopener noreferrer nofollow">Binance Experiences Growth, Recorded Over $4 Billion Inflow After US Fine Settlement</a>
AltLayer aims to make it easier for developers to design custom rollups. <a href="https://blog.altlayer.io/altlayers-alt-token-launch-f49bf8ac2556" rel="noopener noreferrer nofollow">According</a> to the project,&nbsp;
“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.”
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 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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The post <a href="https://bitcoinworld.co.in/binance-to-roll-out-support-for-altlayer-alt-on-launchpool-platform/" rel="noopener noreferrer nofollow">Binance To Roll Out Support For AltLayer (ALT) On Launchpool Platform</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Binance To Roll Out Support For AltLayer (ALT) On Launchpool Platform

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