“Aptos is a new, independent project to fulfill our vision of delivering the safest and most production-ready blockchain in the world”
Identifying that current blockchain design is not suitable for mass adoption, the team behind the project set out to bridge the gaps between Web2 and Web3.
Using the Move programming language, the have built Aptos, a proof of stake layer 1 blockchain.
By using Software Transactional memory (STM), they can process transactions more efficiently, leading to 160,000 non-trivial transactions per second (TPS).
In comparison, Solana has a rough maximum of 65,000 TPS, which may not include more difficult transactions.
Realistically, a blockchain only has to process a few thousands TPS, even during manic phases. If Aptos manages to execute this level of throughput, it would be a revolutionary moment for layer 1s.
With regards to NFTs, the networks is apparently able to mint millions of them in under an hour.
By leveraging Aptos’ parallel execution and various other tools, they were able to deploy “a faster, more purposeful mint”.
The team also highlights scalability, noting that NFTs are a $40 Billion market and 2022 may be the year for Decentralized Autonomous Organisations (DAOs). By keeping the blockchain upgradable, the community can vote to quickly execute upgrades.
Is Aptos a Good Investment?
Despite the lack of a coin and whitepaper, Aptos will launch soon. We can expect to be bombarded by the shillings of Sam Bankman-Fried and other VCs because we are their golden kid. Investors should exercise caution when dealing with ventures strongly financed by venture capitalists like Aptos, given the industry-wide bankruptcy domino effect.
Although Aptos’ testnet has performed successfully, this shows that the company is focused on developing a commercial solution. A vibrant developer and builder community has sprung up around Aptos, eager to take advantage of what the platform has to offer. We’ll have to wait until Aptos’ mainnet launch in September to discover if it’s a success or a failure.
Aptos Blockchain: FAQs
1.Where can I get Aptos?
The date of Aptos’ ICO has yet to be announced, and the project does not yet have a token.
2.Is there a coin in Aptos?
However, their mainnet is scheduled to go live at the end of September. Before the mainnet goes live, we should be able to observe their coin in action.
3.What it’s now worth of Aptos Lab’s (APTOS) cryptocurrency?
In the meantime, Aptos Labs (APTOS) does not have a crypto token. The APTOS cryptocurrency is also expected to be launched in Q3 2022 at the same time.
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