An improved low-memory hash function scheme called Alternating Sponge (ASP) is proposed to achieve the beyond-birthday-bound security with respect to the capacity . The scheme redesigns the state layout and permutation mechanism of double sponge construction, effectively reducing the total state space from bits to bits and increasing the number of bits squeezed per round from to . The scheme introduces a two-phase serial permutation sequence to update the shared state, achieving a complete state transition without increasing the input size of the permutation function. A security proof is provided within the indifferentiability framework, demonstrating that the scheme can achieve security comparable to the double sponge construction, while operating with a reduced state size and an increased number of squeezed bits. Overall, the design ensures the compactness and diffusion of each round of processing through layered absorption and alternating permutations, providing a solution for deploying high-security hash functions in memory-constrained environments.