Aptos crypto: a promising blockchain project?

Updated on Oct. 05, 2022 at 9:49 a.m.

Today, although blockchains have come a long way in innovation, the world of cryptocurrency is still plagued by security dangers. Aptos crypto is a project that emphasizes this feature. For 3 years, this blockchain has been in development, and many NFT projects are being built on it, as well as simple tokens. What are the technical characteristics that distinguish it among so many others? And why is it so promising?

Aptos crypto a promising blockchain project

Aptos crypto, a project that wants to overtake Facebook’s Diem

Aptos Labs is a layer 1 blockchain under development for 3 years by a team of over 350 developers, and engineers from the Diem team. This means that these technicians make their knowledge available to innovate and build Aptos. Created with a new programming language, Move, the same as Diem, it offers many innovations.

This year, the project raised a first time 200 million dollars, then a second time 150 million in July, for a total of $350 millionsupported by the exchange FTX.

But then, why is this a “promising” project?

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What are the advantages ?

First of all, its unparalleled speed. Indeed, the language Move (used by the Diem project of Facebook), has made it possible to develop the possibility of executing 130,000 TPS (Transaction per second).

In comparison, the Ethereum network can run 30 TPS, the difference is indeed exorbitant. This feat would also be caused by the parallel execution process. Theoretically, this process is faster than serial execution. Therefore, transaction fees are greatly reduced for users.

Infographic - Panckaswap - Crypto BNB

Indeed, Aptos Crypto uses a multi-chain system. It is the use of multiple blockchains to speed up transactions. To get an idea of ​​the difference, it’s even faster than the Solana blockchain which can execute around 3000 transactions per second!

Side security, it’s reassuring. Indeed, the developers have come up with a system of property right on smart contracts. For each of the tokens, developers can define ownership rights and benefits, which perfectly counters piracy. At the same time, it is one of the criteria that represents the banner of Aptos: security!

Therefore, a hacker who wanted to steal a smart contract simply couldn’t withdraw the liquidity without the developers’ agreements.

Other features will make using the blockchain fun and fast. Indeed, the developers will develop the possibility of having a public name over the public key of your wallet, which will facilitate exchanges. As a user, you will be able to send funds directly to an address which will be displayed with a name, which makes the interface much more familiar.

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Already some opportunities on Aptos?

The innovation offered by this new blockchain is already in the sights of the biggest.

Developers waste no time. Many projects are being built on Aptos crypto, including Apsocointhe first meme corner of the chain.

As an investor, you can therefore be on the lookout for new projects that are developing in this new ecosystem, whether they are NFTs or tokens.

Aptos Crypto: APT

It is also possible to “register” for airdropsusing blockchain protocols on the testnet and devnet (which is a network used to experiment with new features.

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Since the project is in development, the best way to invest in the long term right now is to get paid for using the features. You make transactions, which allows you to be on a list for possible airdrops.

For example, you have to go to the site aptoslabs.com , interact and transact with a blockchain wallet, including Martian wallet, on the devnet and testnet. Then, you will need to request funds in APT tokens on a blockchain faucet (currency with no real value), to pay the fees for your transactions. The advantage of the Martian Wallet is that it is already integrated! You can directly have 0.001 APT per request on testnet and 1 APT on devnet.

We can also mint a NFT in testnet on the protocol souffl3 , which is a marketplace for selling NFTs. You should know that at present, about 60% of transactions on the Aptos blockchain come from souffl3!

Finally, it would therefore be interesting to observe the evolution of the Aptos crypto project, which could present itself as a long-term high-yield investment opportunity. This project could well be on the podium of the next bullrun!

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Aptos crypto: a promising blockchain project?

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