Aptos network
Aptos is a new first-tier blockchain designed for mass adoption of Web 3.0 and expanding the capabilities of the decentralized application ecosystem. The main feature of this network is the use of Parallel Execution technology, which increases the blockchain throughput and speeds up transaction processing.
The Aptos blockchain uses the Move programming language for fast and secure transaction execution. According to the project's technical documentation, the smart contract verifier written in this language allows application developers on this blockchain to better protect their programs from malicious objects.
In addition, Aptos offers hybrid options for key storage and management. According to the developers, together with transaction transparency before they are executed and practical client protocols, this creates a more secure and reliable user interface.
The primary developers of the Aptos system are Mo Shaikh and Avery Ching, who previously worked on creating the Diem wallet for Mark Zuckerberg's social networks. The team also includes many other developers from around the world, including engineers, researchers, designers, and programmers. Over the past three years, more than 350 people have been working on the project, with the Aptos Fund providing support and development.
The Aptos blockchain could become a "Solana killer" and other projects, such as Bitcoin. He explained that the use of the Move programming language and parallel execution technology on the blockchain allows for about 160,000 transactions per second (TPS).
For comparison, the Solana blockchain has a claimed speed of 50,000 TPS, the international payment system VISA - 24,000 TPS, and the Bitcoin network processes an average of 5-7 transactions per second.
Aptos token
The native token of the Aptos project is the eponymous cryptocurrency with the ticker APT. On October 19, the Aptos Foundation launched an APT token airdrop. According to their statement, over 20 million APT tokens were to be distributed among 110,000 users.
Trading of the token was launched on major cryptocurrency exchanges such as Binance, Huobi, Coinbase, and OKX. The platforms launched both spot and margin trading pairs with Bitcoin and various stablecoins.
In the first few minutes of trading, the token's price skyrocketed by thousands of percent, but quickly stabilized within the range of $7-9, with a daily decrease of 7%, according to CoinGecko. As of October 20, the asset's market capitalization is $997 million with a daily trading volume of $600 million.
However, despite entering the top 51 in the global market capitalization rankings on Coinmarketcap in the first hours of trading, the team did not present a detailed tokenomics plan. Additionally, critics of the project point out that the Aptos team controls 80% of the total issuance of 1 billion APT tokens.
Aptos perspectives
Aptos is a blockchain capable of solving the problems facing any first-tier network (Bitcoin, Ethereum): decentralization, security, scalability. Developers of Web 3.0 and those seeking to expand the capabilities of the decentralized application ecosystem may show interest in developing on this blockchain in the future.
According to analysts, Aptos is one of the most advertised startups in the industry. Thanks to serious marketing, it is one of the most discussed crypto projects overall, it offers many interesting features and has a good team of developers, says the expert.
The project potentially awaits serious success, especially if its team manages to maintain interest in the ecosystem before the market returns to an upward trend. And Solana is considered the main competitor of the startup, as their ultimate goals are roughly the same. Therefore, one can expect some similarity in the development of the community and the behavior of investors in the open market, analysts believes.