The Aptos labs crypto project relies on an evolved blockchain to provide optimized user experiences for current and future use cases and enable the integration of next-generation technological advances into the crypto market. Continue reading about Aptos Crypto Project (APT) Token, blockchain, where to buy?
In this article, we will discuss:
What is Aptos Blockchain
O project Blockchain Aptos Crypto, was built with scalability, security, reliability and upgradability as key principles, to meet these challenges. The Aptos blockchain has been developed over the last three years by over 350 developers worldwide. It offers new and innovative innovations in consensus, smart contract design, system security, performance, and decentralization. The combination of these technologies will provide a fundamental building block to bring web3 to the masses:
- O blockchain Aptos natively integrates and internally uses the Move language for fast and secure transaction execution. The Move Prover, a formal verifier for smart contracts written in the Move language, provides additional protections for contract and behavior invariants. This focus on security allows developers to better protect their software against malicious entities.
- The Aptos data model allows flexible key management and hybrid custody options. This, along with pre-signing transaction transparency and practical lightweight client protocols, provides a more secure and reliable user experience.
- To achieve high throughput and low latency, the Aptos blockchain leverages a modular, pipelined approach to key stages of transaction processing. Specifically, transaction dissemination, block metadata ordering, parallel transaction execution, batch storage, and ledger certification all operate concurrently. This approach takes full advantage of all available physical resources, improves hardware efficiency, and enables highly parallel execution.
- Unlike other parallel execution mechanisms that break transaction atomicity by requiring advance knowledge of the data to be read and written, the Aptos blockchain does not impose such limitations on developers. It can efficiently support atomicity with arbitrarily complex transactions, enabling higher throughput and lower latency for real-world applications and simplifying development.
- Aptos modular architecture design supports customer flexibility and optimizes for frequent and instant updates. Additionally, to rapidly deploy new technological innovations and support new web3 use cases, the Aptos blockchain provides on-chain integrated change management protocols.
- The Aptos Crypto blockchain is experimenting with future initiatives to scale beyond individual validator performance: its modular design and parallel execution engine support internal sharding of a validator, and homogeneous state sharding offers the potential for horizontal throughput scalability without adding additional complexity for node operators.
Main innovations Apts
1. Pipeline and Modular Approach to Transaction Processing
To achieve high throughput, the Aptos Crypto blockchain leverages a modular and pipelined approach to key stages of transaction processing. This takes full advantage of all available physical resources, improves hardware efficiency, and enables highly parallel execution.
With this modular design, Aptos Crypto supports faster and safer release cycles as changes can be targeted to individual modules. The modular design also provides a structured way to scale validators beyond a single machine, providing access to additional compute, network, and storage resources.
2. Block-STM
Block-STM is a new parallel execution engine for smart contracts built around the principles of Software Transactional Memory and optimistic concurrency control – this means faster transaction processing due to a critical new approach to Aptos.
Unlike existing parallel execution mechanisms that break transaction atomicity by requiring advance knowledge of the data to be read/written, Block-STM allows developers to code without limits, maintain composability, and achieve higher throughput and lower latency for real-world use cases.
3. AptosBFT Consensus
Today, the Aptos blockchain leverages the latest iteration of AptosBFT (version 4), the first BFT consensus protocol with production optimistic response. Consensus typically only requires two network round trips (with round-trip times typically less than 300 milliseconds worldwide) and dynamically adjusts to faulty validators via a leading reputation mechanism.
This new engine significantly improves performance in decentralized environments, provides matching infrastructure for appropriate incentives, and quickly minimizes the impact of failed validators on throughput and latency. Development of AptosBFT version 5 is already underway and will be released in a future update.
4. Decentralized Flexibility for State Synchronization
Aptos aims to provide a high throughput, low latency network for the individual needs of all participants. Building a rich and diverse validator and full community of nodes requires that state replication be flexible for different hardware environments. Aptos adapts to changing user requirements to offer new, more efficient synchronization strategies for low-cost machines and higher levels of validation for those who can afford it.
Apts Move
Move is a secure and secure programming language for Web3 that emphasizes scarcity and access control. An asset in Move can be represented or stored in resource. Scarcity is enforced by default as structures cannot be duplicated. Only structures that have been explicitly defined in the bytecode layer as copy can be duplicated.
Access control comes from both the notion of accounts and module access privileges. A module in Move can be a library or a program that can create, store, or transfer assets. Aptos Crypto Move ensures that only public module functions can be accessed by other modules. Unless a struct has a public constructor, it can only be constructed within the module that defines it. Likewise, fields within a struct can only be accessed and modified within its module or through public accessors and setters.
In Move, the sender of a transaction is represented by a signer, a verified owner of a specific account. The signer has the highest Move permission level and is the only entity capable of adding resources to an account. Additionally, a module developer may require a subscriber to be present to access resources or modify assets stored in an account.
Aptos Crypto Staking
The Aptos staking module defines a resource that represents the property. Using this owner-operator-voting model, a custodian can assume the personality of the owner and bet on the Aptos blockchain and participate in the governance of Aptos. This model allows the construction of delegations and staking services, as it separates the account that controls the funds from the other accounts (operator, voter), thus allowing safe delegation of responsibilities.
NFT Apts
The Aptos token pattern supports mutation from a fungible token to an NFT. The Aptos token pattern is built on the following principles:
- Interoperability: Provide a standard implementation to improve interoperability between ecosystem projects. Furthermore, Move being a static language with no dynamic dispatch makes this principle even more imperative.
- Liquidity: Achieve maximum liquidity by setting the NFT tokens, fungible (non-decimal) and semi-fungible in a contract. These different types of tokens can be easily stored, transferred and transacted in the same way. As a consequence, it becomes easier to achieve maximum interoperability between markets, exchanges and other methods of exchange.
- Advanced properties of the token in the chain: Enable customization of the properties of the token in the chain. Users can define their own properties and store them in the chain. This can potentially eliminate the need for off-chain metadata.
- Reduced overhead: Reduce the cost of creating large amounts of NFTs from fungible tokens. This can lead, for example, to reduced overhead for similar tokens by reusing in-chain metadata for certain fungible tokens.
Apartments Petra Wallet
Petra Wallet is an interface to the Aptos blockchain. Petra Wallet is a free web application available as a Google Chrome extension that allows users to store and transfer assets, create and view NFTs, and interact with decentralized applications (dApps), all on the Aptos blockchain.
This developer documentation describes how to integrate Wallet into your dApp and allow your user to connect their Petra Wallet to the Aptos blockchain and complements the guidance on Aptos.dev for to install and build the portfolio extension.
Aptos (APT) Tokenomics
The Mainnet was launched on October 12, 2022. The total initial supply of Aptos Tokens (APT) on the mainnet was 1 billion tokens. APT will have 8 digits of precision as part of the fraction where the minimum unit is called an Octa.
| Category | % of initial token distribution | starting tokens |
| Community | 51,02% | 510.217.359.767 |
| Main contributors | 19,00% | 190.000.000.000 |
| Foundation | 16,50% | 165.000.000.000 |
| Investors | 13,48% | 134.782.640.233 |
Aptos (APT) token Where to buy?
Aptos Coin (APT) should be listed on several cryptocurrency exchanges at the time of publishing this article the main ones are: OKX, Binance and FTX.
- According to a ad OKX will list Aptos (APT) for spot trading – APT deposits open at 6:00 am UTC on October 18th.
- According to a ad Binance will list Aptos (APT) and open trading for these spot trading pairs on 19/10/2022 01:00 (UTC).
- According to a ad FTX will list the Aptos spot market (APT). Trading starts: October 19, 2022 at 01:00 (UTC)
Is it worth investing in Aptos?
Although Aptos does not yet have coins and whitepaper, its release is inevitable. Being the golden son of Sam Bankman-Fried and other VCs, we can expect to be destroyed for their shillings. Aptos is heavily backed by VCs, and in light of the domino effect of VC bankruptcy that is falling across the industry, investors should be cautious when dealing with VC-heavy projects.
However, the Aptos testnet has been performing very well, which shows that they are focused on creating a viable product. They have a very enthusiastic community of developers and builders interested in building on top of Aptos to leverage its potential. Whether Aptos will really be a promising project, we'll have to wait and see!
Conclusion
The Aptos project (APT) looks very promising. However, it generated investor distrust before launch, because the tokenomics behind the Aptos token (APT) native to the blockchain was essentially non-existent to the public. Tokenomics refers to how a crypto token will function on a given blockchain, how many tokens will be created over time, and how tokens will be distributed. However, the Aptos blockchain was touted as “the most secure and scalable layer 1 blockchain”. Many saw him as a potential “Solana killer”.
