Aptos is a Layer 1 blockchain developed from Meta's Diem project, using the Move language to optimize security and scalability, attracting significant attention from the cryptocurrency community.
Aptos stands out with its BFT consensus protocol, diverse ecosystem, and clear development roadmap, becoming an attractive destination for global investors and developers.
- Aptos inherits Move technology from Diem, focusing on security and account safety.
- The BFT consensus protocol helps Aptos accelerate transaction confirmation and efficiently scale.
- The project attracts large investment capital, has a transparent development roadmap, and an increasingly expanding community.
What is Aptos?
Aptos is a Layer 1 blockchain born from the development team of Meta's Diem project, applying the Move programming language to enhance security and operational performance.
Aptos was built with the goal of becoming a new generation blockchain platform, addressing issues of speed, security, and scalability that previous blockchains like Ethereum or Solana have faced. The emergence of Aptos marks an important advancement by leveraging Move technology – a programming language specifically designed for blockchain, helping to effectively control resources and minimize security risks.
Aptos has revolutionized blockchain technology with the Move language and BFT consensus protocol, optimizing scalability and security for users.
Mo Shaikh, CEO Aptos Labs, 2023
What is Aptos's Mission?
Aptos's mission is to build a secure, efficient, and highly scalable blockchain to serve billions of global users.
Aptos aims to provide a blockchain platform that can meet diverse needs from decentralized finance (DeFi), NFT, enterprise applications to new technology services. The founding team sets the goal of creating an open ecosystem where developers and users both benefit from superior safety, speed, and scalability.
How did Aptos Develop from Meta's Diem Project?
Aptos was developed by engineers who participated in Meta's Diem project, inheriting the Move technology platform and continuing to expand after Diem was sold to Silvergate Capital.
After Meta's Diem project was canceled and sold to Silvergate Capital for $182 million, the core engineering team left Meta in late 2021 to establish Aptos Labs. They continued to develop Move technology while building an independent blockchain ecosystem, focusing on security, performance, and user experience.
What Makes Aptos's Ecosystem Standout?
The Aptos ecosystem is rapidly developing with diverse DeFi, NFT, and application projects, attracting significant attention from the developer and user community.
Key components in the Aptos ecosystem include decentralized exchanges (DEX AMM), Lending platforms, Oracle, along with many NFT projects and multi-domain applications. This diversity helps Aptos quickly build a strong community and create practical value for users.
What is Special about Aptos's Move Programming Language?
Move is a programming language specifically designed for blockchain, helping to enhance security, control resources, and optimize Smart Contracts on Aptos.
Move allows developers to build blockchain applications with higher safety levels compared to traditional languages like Solidity. Strict resource control helps minimize security vulnerabilities while improving the operational efficiency of Smart Contracts and decentralized applications.
Move brings a significant advancement in blockchain security, helping developers control resources and minimize hack risks.
Aptos Labs Report, 2023
How Does the BFT Consensus Protocol Work on Aptos?
The Byzantine Fault Tolerant (BFT) consensus protocol helps Aptos quickly, stably, and decentralizedly validate transactions, minimizing network congestion risks.
BFT allows multiple distributed nodes to validate transactions, ensuring high processing speed and near-zero latency. The system also automatically reorganizes validators without human intervention, increasing decentralization and security for the entire network.
How Does Aptos Improve Security and Account Safety?
Aptos allows flexible Private Key changes, supports periodic key rotation, and researches techniques to recover Private Keys, reducing the risk of permanent asset loss.
This is a significant difference from many other blockchains. Users can change Private Keys when necessary, and Validator nodes can also rotate consensus keys periodically to enhance security. Additionally, Aptos is researching solutions to help users recover Private Keys, protecting billions of dollars in assets within the ecosystem.
How Does Aptos Solve Scalability Issues?
Aptos applies the BFT protocol and optimizes architecture to process tens of thousands of transactions per second with low latency, without relying on Layer 2.
Scalability has always been a major challenge for Layer 1 blockchains. Aptos aims to solve this by running the BFT protocol to improve performance and reduce congestion without heavily relying on Layer 2. According to internal tests, Aptos can process tens of thousands of transactions per second, outperforming many competitors.
Aptos aims for scalability to serve billions of users, solving bottlenecks that traditional blockchains have not been able to do.
Mo Shaikh, CEO Aptos Labs, 2023
Comparing Aptos with Other Layer 1 Blockchains
Aptos stands out with its Move language and BFT protocol, overcoming the weaknesses of high fees and network congestion of Ethereum and Solana.
| Criteria | Aptos | Ethereum | Solana |
|---|---|---|---|
| Programming Language | Move | Solidity | Rust, C |
| Consensus Protocol | BFT | Proof of Stake (PoS) | Proof of History + PoS |
| Processing Speed (TPS) | Tens of thousands (according to tests) | 30 TPS | 65,000 TPS (theoretical) |
| Transaction Fees | Low | High | Low |
| Scalability | High | Medium | High (but has experienced network congestion) |
Basic Information about Aptos Coin (APTOS)
Aptos Coin (APTOS) is the utility token of the Aptos network, used for Staking, gas fees, governance, and providing DeFi liquidity.
- Token Name: Aptos Token
- Symbol: APTOS
- Blockchain: Aptos Chain
- Token Standard: To be updated
- Contract: To be updated
- Token Type: Utility
- Total Supply: To be updated
- Circulation: To be updated
What are the Utilities of Aptos Token?
Aptos Token is used for Staking to protect the network, pay gas fees, participate in governance, and provide liquidity for DeFi applications.
These utilities help increase the use value of APTOS and encourage users to participate in activities that protect and develop the Aptos network.
Which Wallets Support Aptos? What Makes Martian Aptos Wallet Stand Out?
Martian Aptos Wallet is a wallet that supports managing, storing, and interacting with the Aptos ecosystem safely and conveniently for users.
Martian Wallet helps users easily connect to DApps, perform transactions, Staking, and governance on the Aptos network. It is one of the wallets highly rated by the community for security and user experience.
How are Aptos Tokens Distributed?
Detailed information about Aptos Token distribution has not been officially announced, and investors need to follow updates from Aptos Labs to obtain accurate data.
Transparent disclosure of token distribution is an important factor in increasing investor and community trust in the project.
What is Aptos' Development Roadmap?
Aptos has a clear development roadmap, gradually expanding its ecosystem and upgrading technology through testnet, Primary Network, and new feature development stages.
- Q1/2022 (3/15): Launch of testnet for developers, coordinating feedback to improve Move and development experience.
- Q2/2022: Launch of Incentivized testnet, encouraging bug detection, training node operation community.
- Q3/2022: Mainnet launch.
- Q4/2022 – Q1/2023: Deployment of major release for the Primary Network with many new features.
Who is the Aptos Development Team?
The Aptos development team consists of engineers who previously worked at Meta on the Diem project, with deep experience in blockchain and security.
The Aptos founding group left Meta in late 2021, focusing on developing a new blockchain platform with a vision to expand technology, enhance safety, and serve on a global scale.
Who are Aptos' Investors and Strategic Partners?
Aptos attracts large investment capital from top funds such as a16z, Multicoin Capital, 3AC, Hashed, Tiger Global, Coinbase Ventures, FTX Ventures, Jump Crypto.
Aptos successfully raised $200 million led by a16z, along with many other large funds. Recently, the project raised an additional $150 million from FTX Ventures and Jump Crypto, raising its valuation to $2.75 billion. This is evidence of its financial potential and investor confidence in Aptos.
This is an important milestone confirming the capital potential and investor confidence in Aptos, opening up long-term development opportunities.
Cindy Hong, Partner a16z, 2023
What Challenges and Opportunities Does Aptos Face?
Aptos faces fierce competition from other Layer 1 blockchains but has great opportunities due to Move technology, diverse ecosystem, and strong financial support.
The biggest challenge is to prove actual scalability, ensure security, and attract a long-term development community. However, with a solid technological foundation and support from major funds, Aptos has the potential to become a core blockchain in the future.
Aptos' Notable Achievements Since Launch
Aptos has quickly built a diverse ecosystem, attracted many DeFi and NFT projects, and achieved important milestones in fundraising and community development.
Shortly after launch, Aptos has been listed on many major exchanges, integrated into popular wallets, and attracted the attention of the global developer community.
Aptos' Impact on Blockchain and Decentralized Finance
Aptos contributes to driving blockchain technology innovation, creating a safe and efficient environment for decentralized financial applications and NFTs.
Aptos' emergence drives competition, forcing other blockchains to improve to meet the increasingly high demands for security, speed, and scalability. This brings significant benefits to the entire cryptocurrency industry and end-users.
Frequently Asked Questions
What Type of Blockchain is Aptos?
Aptos is a Layer-1 blockchain using the Move language and BFT consensus protocol to optimize speed and security.
What Functions Does APTOS Token Have?
APTOS is used for Staking to protect the network, pay gas fees, project governance, and provide liquidity in the Aptos ecosystem.
How is Aptos Different from Ethereum and Solana?
Aptos stands out with the Move language, BFT protocol that enhances security and scalability, avoiding network congestion like Solana and high fees like Ethereum.
Who are the Main Investors of Aptos?
Aptos is funded by major funds such as a16z, FTX Ventures, Coinbase Ventures, and many reputable funds in the cryptocurrency industry.
How Can I Track Aptos' Progress?
You can follow through the official Aptos Labs website, Martian Wallet, and community channels like Telegram and Discord.
Which wallet supports storing and trading APTOS?
Martian Aptos Wallet is one of the popular wallets that supports storing, trading, and interacting with the Aptos ecosystem.
Has the Aptos Token allocation been announced?
The Aptos Token allocation information has not been officially announced, and it is necessary to follow updates from Aptos Labs to obtain accurate data.
