Aptos is a Layer 1 blockchain project made by a team who used to work at Meta. It's all about making a strong, fast, and user-friendly Web3 setup.
What is Aptos
Here's how it works:
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Uses Move Programming Language: Aptos uses a language called Move, made with Rust, to run transactions quickly and safely.
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Good Key Management and Safe Keeping of Crypto: They've got a system that's designed to be really safe and trustworthy for everyone using it.
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Fast Transaction Processing: Aptos can handle different parts of a transaction at the same time, which means things get done faster.
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Easy to Update: Its modular design lets Aptos make quick and smooth updates.
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Can Handle a Lot of Users and Transactions: It's made to scale up well, so lots of people can use it without slowing down.
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Secure Consensus Mechanism: Aptos uses a special way (Byzantine fault-tolerant proof-of-stake) to agree on transactions, which is fast, secure, and easy to check.
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Really Fast and Doesn't Get Bogged Down: Aptos is super quick, handling up to 150,000 transactions every second.
In summary, Aptos is like a new, fast, and secure highway for the Web3 world, making things better for everyone using it.
Team of Aptos
Mohammad Shaikh
Co-Founder and CEO
Avery Ching
Co-Founder & CTO
Funding of Aptos
Undisclosed
Strategic Investment
Led by Dragonfly Capital.
Undisclosed
Strategic Round
Led by Binance.
$150,000,000
Series A
Led by Jump Crypto, FTX Ventures, Multicoin Capital, a16z (Andreessen Horowitz), Circle Ventures, Griffin Gaming Partners, Franklin Templeton, Apollo Capital.
$200,000,000
Strategic Round
Led by a16z (Andreessen Horowitz), Coinbase Ventures, Variant Fund, Multicoin Capital, ParaFi Capital, BlockTower Capital, Hashed, Tiger Global Management, FTX Ventures, Kathryn Haun, Paxos.
Aptos review
Pros
High Scalability
Aptos, with internal sharding and state sharding, achieves up to 150,000 tps, ensuring quick and efficient transactions.
Innovative Tech
Utilizes BFT PoS consensus and Move language, enhancing security and flexibility over platforms like Ethereum.
Experienced Team
Developed by a robust team, including ex-Meta employees with Diem blockchain experience.
Ecosystem Support
Over $3.5 million in grants awarded for Aptos protocol development, fostering a growing ecosystem.
Cons
Project Newness
Being new, Aptos might face undiscovered challenges or technical issues.
Adoption and Liquidity
As a new blockchain, achieving widespread adoption and maintaining liquidity can be challenging.
Third-Party Reliance
Success heavily depends on external developers and their DApps.
Regulatory Uncertainty
Aptos, like all blockchain projects, may face regulatory hurdles affecting its development and value.