Aptos is a Tier 1 blockchain whose key principles are scalability, security, reliability and upgradeability. Created by a team of more than 350 developers over the past three years, it aims to revitalise the Tier 1 space with new ideas for consensus mechanisms, smart contract design, system security, performance and decentralisation.
Its vision is a blockchain that enables mass adoption in web3 and enables the DApps ecosystem to solve real user problems.
The main foundations of Aptos are:
Built-in Move integration. Move is a Rust-based programming language for fast and secure transaction execution with an emphasis on security.Aptos claims that the current TPS (processed transactions per second) is 130,000, their goal is 160,000. In comparison, the bitcoin blockchain has an average of 5~7 TPS, Solana has 3,000. and VISA payment system has 24k.
Flexible key management and hybrid storage options. Aptos aims to provide a more secure and reliable user experience with this customised solution.
Modular transaction processing. Transaction propagation, block ordering of transaction execution, batch storage and registry certification work in parallel.
Atomicity without prior knowledge of data. This allows Aptos to increase throughput and reduce latency.
Modular architecture. Allows Aptos to offer frequent and instant updates.
Innovative scalability solutions. Aptos supports internal validator segmentation and homogeneous state segmentation.
It all sounds very clever and complex. But in fact, we can summarise that all the above features of Aptos are designed to solve the trilemma (decentralisation, security, scalability). All this in order to encourage mass adoption of Web3 for companies and enterprises.
The new Aptos blockchain was launched, and the major cryptocurrency exchanges immediately started trading the native currency of the Aptos ecosystem, the APT token. And developers began announcing new projects on the network. But let’s break down in order why it fired so loudly and how well the marketing campaign worked:
1) Investors.
Blockchain has raised $400 million from crypto funds such as FTX Ventures, Jump Crypto, a16z, Multicoin Capital, Dragonfly and Binance Labs.
2) Black PR.
A very interesting reason. But really, Aptos gained its popularity not because of its innovations, as such promising projects appear regularly, but more because of how much Aptos was hated for its tokenomics. Called it completely unreliable and constantly criticised. Let’s take a look at it:
3) Easy earnings.
Now this is the main reason why APTOS is still on the radar. The entire community has been puzzled by how a huge number of users have been able to make fabulous money from nothing.
