Rollup-as-a-Service explained and why AltLayer is the first big EigenLayer play
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Explains the modular stack and how RaaS providers cut rollup deployment to a no-code 10-minute process, then argues AltLayer is the leading RaaS and first major EigenLayer play ahead of its ALT token launch.
Key claims
RaaS cuts deployment from hours and multiple engineers to a 10-minute no-code process
ALT used for crypto-economic security, governance, incentives and fees
AltLayer token launch 8 days after the post
It's Eigenlayer season.
It's Celestia season.
It's modular season.
Let me introduce you to the next big airdrop of 2024 and a project that combines all these narratives in one game-changing framework!
Alpha-🧵 on a major @eigencloud ecosystem play!
1/ Staying on top of the most powerful narratives is a must if you want to make it this cycle.
For two years already, I have been researching the modular blockchain space, trying to gain an edge on the broader market.
Now this starts paying off. Are you ready for alpha, anon?
2/ Modular architecture separates the core functions of a blockchain into distinct, interchangeable layers.
In these functional areas, specialized players emerge, technologically optimized to provide only very specific functions.
This gives rise to life-changing opportunities!
3/ The modular thesis differs from monolithic networks (e.g. Ethereum and Solana), where the core functions of a blockchain are unified in one layer.
This includes:
✦ Execution
✦ Settlement
✦ Consensus
✦ Data availability (DA)
4/ The monolithic design approach does have certain advantages:
✦ Low Complexity
✦ Simple Composability
However, scaling monolithic chains without significant trade-offs on security & decentralization is challenging.
5/ Building blockchains using highly optimized, modular components enables us to overcome these limitations.
Modularity does not only improve performance though.
It also enables broad app design flexibility & enhanced adaptability for evolving technological demands.
6/ At the core of the modular thesis sit rollups built on a layered architecture.
These rollups will be the scalable execution layers on top of which we can finally build applications that are ready for mass adoption.
7/ In the case of an Ethereum-based rollup using @CelestiaOrg for DA, this looks as follows:
✦ Execution Layer (Rollup)
✦ Settlement Layer (Ethereum)
✦ Consensus Layer (Ethereum)
✦ DA Layer (Celestia)
8/ More broadly, the modular landscape also includes:
✦ Sequencing solutions
✦ Proving solutions
✦ Interoperability solutions
✦ Projects focused on order flow abstraction
✦ Infrastructure providers
9/ Okay cool, but how can we put all these puzzle pieces together?
Isn’t building modular networks a complex endeavor, considering how many different pieces of the puzzle and configuration options there are?
10/ Actually, no!
Thanks to Rollup-as-a-Service (RaaS) providers and rollup SDKs, building modular rollups can be deployed almost instantly and with very low coding overhead.
11/ Rollups-as-a-Service (RaaS) provides a layer of abstraction over Rollup frameworks and SDKs, simplifying...
✦ Deployment
✦ Maintenance
✦ Development
...of custom, production-grade application-specific rollups (AppRollups).
12/ RaaS allows developers to focus on building the application layer, reducing deployment time from hours and multiple engineers to a 10-minute no-code process.
This will obliterate barriers of entries!
Bullish yet, anon?
13/ Before diving in, let's take a step back.
Rollup SDKs are frameworks that enable developers to create customized rollups from scratch.
14/ In practical terms, this means that any developer can create their own dedicated application-specific rollup (AppRollup) using the same underlying software as popular general-purpose rollups like Arbitrum and Optimism.
15/ Notable rollup SDK providers include:
✦ @arbitrum Orbit
✦ @Optimism OP Stack
✦ @zkSync’s ZK Stack
✦ @0xPolygon CDK
App-specific rollups built with SDKs combine the flexibility & customization of appchains with the security & scalability of general-purpose rollups.
16/ However, building effective app-specific rollups using Rollup requires extensive infrastructure engineering & a comprehensive understanding of all components in the modular stack.
That's key to ensure that the final infrastructure meets the specific needs of the application.
17/ This is where RaaS comes in to assist.
In addition to deployment, RaaS providers work with developers to customize AppRollups for their specific use cases.
This includes custom data availability and settlement layers, fee payments, and even native gas tokens.
18/ Deploying a custom AppRollup through Rollup SDKs requires teams to create support tools such as testnet faucets, block explorers, and bridge interfaces.
Most RaaS providers offer these tools for every chain through their service, along with ongoing infrastructure support.
19/ Due to the customizability, RaaS is an ideal infrastructure solution for apps planning to scale on app-specific execution layers.
RaaS can support any use case, ranging from GameFi & DeFi to enterprise apps or even fully permissionless & programmable smart contract rollups.
20/ This will redefine how we build blockchains.
Why build a L1 if you can deploy a fully customized rollups within minutes or even seconds?
21/ Insane, right?
Now let me explain to you how you can get exposure to this narrative.
In just 8 days, the probably most anticipated RaaS project in the space is finally launching its token.
It might also be one of the biggest airdrops of 2024 and you are probably eligible.
22/ I have already introduced the narrative above.
If you want to learn more about the tech specifics of the altlayer RaaS framework, check my deep-dive below! 👇
x.com/zerokn0wledge_/status/1698725548116283706
23/ It is safe to say, that @alt_layer has built one of the most advanced RaaS frameworks in the market.
It definitely sets itself apart through its versatility / flexibility.
What really makes me bullish though, is that @alt_layer is the first major @eigencloud play.
24/ The @alt_layer RaaS framework leverages @eigencloud in various ways.
Early on already, AltLayer integrated EigenLayer on its testnet not only as a DA solution in the form of @eigen_da but also to bootstrap decentralized sequencers!
x.com/zerokn0wledge_/status/1680997392370536448
25/ But why stop there?
That's also what the gigabrains at @alt_layer were thinking.
Hence, they introduced the concept of Restaked Rollups, in cooperation with @eigencloud.
x.com/zerokn0wledge_/status/1741150041786720322
26/ The framework combines the restaking mechanism with AltLayer’s end-to-end infrastructure bundle.
It includes decentralized sequencing, verification, & fast finality on
@eigencloud!
27/ I expect @alt_layer's framework to gain traction fast and dozens, then hundreds & finally thousands of rollups to be built on it.
Thanks to shared infrastructure components & interoperability solutions integrated into the framework, this will create powerful network effects.
28/ This will turn @alt_layer's framework into a flourishing business model with network participants paying for intra-network services in ALT tokens.
The ALT token will also be used alongside restaked assets to provide economic security.
29/ While many are still in stealth, there is some big projects building on @alt_layer's framework already.
This includes:
✦ @doublejumptokyo
✦ @Cometh
✦ @oasys_games
✦ @AviveAPP
✦ @DeriProtocol
✦ @AutomataNetwork
✦ @alloprotocol
30/ You want to hear more about the token, so let's get to it!
ALT will be @alt_layer’s native utility token and will be used for the following functionality:
✦ Crypto-Economic Security
✦ Governance
✦ Protocol Incentivization
✦ Protocol Fees
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