Aptos is a new secure blockchain of the first level

Aptos is a new secure blockchain of the first level!

There are a lot of blockchains and in general products built on the principle of decentralized systems, which is not surprising. Many believe that such systems are the future, and very soon we will begin to perceive the Internet and everything related to information technology in a completely different way.

Companies of various sizes are engaged in blockchains, from startups of several people to large market players. Aptos has something to do with Meta (the company that owns Facebook, Instagram, WhatsApp and other popular services): it was created by former employees of the Silicon Valley giant.

We can say that Aptos grew out of a Meta project called Diem: a stablecoin that the company decided not to develop further and closed. Diem CTO Avery Ching and Head of Strategic Partnerships Mo Sheikh left Novi (Meta’s cryptocurrency division) and founded their own company.

Building on what has been achieved

The creators used the experience and developments gained on the previous project. Even the Move language, in which coding was created back in 2019 for Diem. A Mo Sheikh directly states in the press that Aptos is “a continuation of a path that has not yet been completed” and that now they have managed to “get rid of bureaucratic red tape”, so the work will go much more actively and faster.

Until the release of Aptos in mainnet, the team attracted 350 million dollars from top funds.

The main part of the funds was spent on attracting the personnel and strategic partners, who were directly involved in the software part and developed projects on the APTOS blockchain.

Aptos Devnet was launched in 2022, everyone could run node and fully test the platform

Aptos Features

At its core, Aptos is a first-level blockchain, the same as, for example, Solana or Ethereum. Its main advantage, according to the authors of the project, is scalability.

The problem of all blockchains is the expansion and adaptation for the mass user, the ability of the system to work at maximum loads and in conditions of a large number of active participants.

Different systems solve this problem in different ways:

- Ethereum and some other similar blockchains connect second-layer protocols to redistribute the load. This solution works, but it is very expensive for ordinary users due to high commissions.

- Blockchains like Solana and Avalanche do not resort to the second level, trying to create their own solutions on the first. Unfortunately, they do it very poorly, there are frequent failures, which also results in losses for currency holders.

Aptos rely on the Byzantine Fault Tolerance protocol. According to the team, it has already been tested and the results were most positive. The system promises to work reliably and quickly.

Move

The Move language was originally created for secure resource management and verification of operations carried out on the blockchain. Therefore, each transaction, as it is called in the system, is “deterministic, hermetic and accounted for.”

The authors explain the words “deterministic and hermetic” as follows: the result of each transaction is absolutely predictable and results solely from the information transmitted in the transaction itself and from the current state of the ledger. As for “accounting”, it means protection against failures and attacks at the level of transaction execution.

The language began to be developed simultaneously with the blockchain more than three years ago. Accounts, transaction fees, standard library, node validation management, configuration — all of this is based on Move. Therefore, we can say that the entire ecosystem is tied to this particular language.

Transactions between multiple agents

Move allows you to conduct an arbitrary number of atomic swaps or any other arbitrary atomic actions between two or more on-chain accounts within a single transaction. And since all these complex interactions become one, the security of each of them and the performance of the system increase.

Attracting developers

According to the company, Aptos is perfect for those who want to develop software for billions of users. And the demand for this software today is incredibly high, in various areas: social networks, new types of games, entertainment, payments, fintech products, etc.

Betting on openness is an opportunity for a company to interact with the most talented and most interested people from the world of decentralized systems development. Therefore, if this can be said about you, then participating in the project is very easy: just fill out a simple form on their website.

Aptos is a promising project from people who have already proven themselves in the industry, have been noted in large-budget and complex projects. So it will certainly be a successful venture.

Aptos launch mainnet

Aptos launched mainnet in October 2022, together with Pontem wallet and Liquidswap (what are the products of the Pontem Network).

Pontem Network is a product studio building foundational dApps and development tools for Aptos

After the launch, Aptos distributed a very good airdrop to community for very simple actions, which is very risky in the current realities of the market. Thus, Aptos revived the cryptocurrency market.

Official Links:

Website — https://aptoslabs.com/

Developer guides — https://aptos.dev/

Twitter — https://twitter.com/aptoslabs

Medium — https://medium.com/aptoslabs