Altitude is a composable native asset bridge built on LayerZero, designed to make it easier for Web3 users to transfer assets cross-chain with guaranteed finality. LayerZero is a cross-chain communication infrastructure that makes it easy for blockchains to communicate cross-chain. Altitude's cross-chain bridge provides guaranteed finality that ensures funds are committed when a transaction is successfully processed on the destination chain. The project enhances security through the use of Chain Paths, which are connections for a single asset between two different blockchains. These Chain Paths establish a reference for all possible connections, made up of assets executing on both the source and target chains, with each path being unique. Altitude utilizes separate liquidity pools for each chain path to enhance security and stability, making the entire system resilient to chain outages.
Altitude positions itself as a frontrunner, taking advantage of new technology for Web3 users by setting the standard of secure bridging for all DeFi users. The HUB is an Ethereum-based router connecting each Chain Path to their respective chains. To enhance security and stability, Altitude utilizes separate liquidity pools for each chain path. This renders each chain path independent of the others, making the entire system resilient to chain outages. This comes with the drawback of dispersed liquidity between all chain paths. To mitigate that, Altitude utilizes the HUB to which each chain path is connected with only one liquidity pool.
The goal of Altitude is to make bridging cross-chain easy, secure, and efficient. As more and more Web3 users fragment their liquidity across different blockchains in order to interact with DeFi, NFT, and metaverse platforms, the need for a fast and secure bridging solution is of increasing importance. Altitude provides that solution.
The project is built on LayerZero, which is revolutionizing the way blockchains communicate cross-chain. LayerZero relays messages between a growing number of L1 and L2 blockchains, making it a versatile, interoperable platform in the Web3 space. Altitude's use of LayerZero allows it to take advantage of the latest technology to make bridging cross-chain as easy, secure, and efficient as possible.
The team at Altitude has recognized the need for a secure, inexpensive, and fast bridging solution. Most bridges have been risky due to the vulnerabilities and inefficiencies of existing bridging solutions. Recent hacks on several high-volume bridges, as well as unpredictable events throttling block confirmation times on popular networks, prove the need for a new bridge that looks into protecting user assets, incentivizing decentralized liquidity, and providing a scalable solution for a growing Web3 ecosystem. Altitude provides that solution.
In conclusion, Altitude is a composable native asset bridge built on LayerZero, designed to make it easier for Web3 users to transfer assets cross-chain with guaranteed finality. It is a secure, inexpensive, and fast bridging solution that is built on the latest technology to make bridging cross-chain as easy, secure, and efficient as possible. Altitude's use of LayerZero allows it to take advantage of the latest technology to provide a scalable solution for a growing Web3 ecosystem. The project is built on the recognition of the need for a secure, inexpensive, and fast bridging solution that protects user assets, incentivizes decentralized liquidity, and enhances the stability of the entire Web3 ecosystem.