Aptos
Price
APT
Aptos Fundamental Analysis
What Is APT?
Aptos, a Layer 1 Proof-of-Stake (PoS) blockchain, stands as a pioneering force in the digital asset space. It introduces a groundbreaking smart contract programming language called Move, setting the stage for mainstream adoption of web3 and the empowerment of a diverse ecosystem of decentralized applications (DApps) addressing real-world user challenges.
Aptos took root in 2022, founded by former Meta employees Mo Shaikh and Avery Ching. Mo, the CEO, brings years of experience in multinational financial services and blockchain, while Ching, the CTO, contributes as a seasoned software engineer. The duo, previously part of Meta's Diem blockchain project, established Aptos Labs to continue their pursuit of innovative blockchain solutions after Diem was discontinued in January 2022.
How does APT work?
- Parallel Execution Engine: Aptos employs a byzantine fault-tolerant (BFT) PoS consensus mechanism with a parallel execution engine (Block-STM), allowing for a theoretically high transaction throughput.
- Move Programming Language: Move, the smart contract programming language, provides advantages over Solidity, offering easily verifiable blockchain commands, private key modification, and a modular design.
- Aptos Bridge: The on-chain user application protocol, LayerZero Labs, launched the Aptos Bridge, enabling users to transfer assets from various blockchains like Ethereum, BNB Chain, Polygon, Avalanche, and Optimism to Aptos.
Aptos relies on a PoS consensus mechanism and Move, a Rust-based programming language developed by Meta's Diem blockchain engineers. The platform's theoretical transaction throughput exceeds 150,000 transactions per second (tps), thanks to parallel execution. Noteworthy is Aptos' unique approach, processing transactions simultaneously and validating them afterward, a stark departure from sequential transaction execution.
Value Analysis of APT
- High Throughput: With a potential transaction throughput exceeding 150,000 tps, Aptos surpasses the transaction capabilities of many existing blockchains, providing a more efficient user experience.
- Innovative Consensus: The combination of Proof-of-Stake and AptosBFT, a custom Byzantine fault-tolerant consensus algorithm based on HotStuff, ensures network security and adaptability.
- Tokenomics: APT, the native currency, boasts an initial total supply of 1 billion, with careful distribution among the community, core contributors, foundation, and investors.
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Release Time：
2022-10-19
