Key Features of Alterium

Alterium brings forward several key features that distinguish it as an advanced Layer 2 blockchain solution:

Speed

Speed is a cornerstone feature of the Alterium network. By leveraging Layer 2 protocols, Alterium significantly accelerates transaction processing times. State Channels and Optimistic Rollups allow for multiple transactions to be conducted off-chain, reducing the load on the main chain and enabling instantaneous confirmations. This makes Alterium ideal for applications requiring real-time transactions.

Security

Alterium maintains the security and decentralization inherent in blockchain technology. Despite transactions being processed off-chain, they can still be audited and verified on-chain, ensuring a secure and tamper-resistant environment. Advanced cryptographic techniques further reinforce the security, protecting against unauthorized access and preserving users' privacy.

Cost-Effectiveness

By optimizing transaction processing and reducing the load on the main chain, Alterium significantly decreases transaction costs. Users can execute transactions for a fraction of the cost compared to traditional Layer 1 blockchains, making Alterium a cost-effective solution for various use-cases, including microtransactions.

Interoperability

Alterium is designed to seamlessly interact with different blockchain networks. This interoperability feature allows for a fluid exchange of information and assets between various blockchains, facilitating cross-chain collaborations and broadening the scope of applications.

Scalability

Scalability is at the core of Alterium's design. By moving the bulk of transaction processing off-chain, Alterium achieves high scalability, enabling it to handle a large volume of transactions per second (TPS). This makes Alterium suitable for applications with high throughput requirements and promotes wider adoption of blockchain technology.

The above features demonstrate how Alterium's Layer 2 solution tackles the major challenges faced by traditional Layer 1 blockchains, and how it offers a faster, secure, affordable, and scalable blockchain platform.