What is Aptos ?
Aptos is not only a cryptocurrency, but also a Layer-1 blockchain with its own network such as Bitcoin and Ethereum. Total supply 1,000,000,000 The circulating supply of cryptocurrency with APT
is 130,000,000 APT. The APT mainnet was founded on October 17, 2022, by Avery Ching and Mo Shaik, former Meta employees and employees of Meta’s Diem blockchain project. APT Coin is designed with the logic of remaining active within the network by staking the coins within the network in order for the system to exist actively. In this case,
those who stake
and contribute to the activity of the system are rewarded with APT Coin.
We can consider the principles taken as the basis for designing the Aptos blockchain as follows;
• Scalability
• Security
• Reliability
• Upgradability
When talking about aptos, having its own mainnet is the first feature that may come to mind. The APT host network is expected to be in seconds The processing capacity is 130 thousand. Aptos differentiates itself from EVMs by using Move, a Rust-based programming language developed by Meta, and based on the Diem blockchains. The difference that makes Aptos stand out and is preferred over other EVMs is that it promises maximum speed and low cost for both developers and users at the same time. It achieves this by using a parallel execution engine (Block-STM).
It should be added that Aptos has another difference from other blockchains, the network does not stop when there is a problem with the transactions made on the network, because a single failed transaction does not stop the entire chain or block the network, all transactions are processed at the same time and then verified sequentially. Failed transactions are canceled and replayed thanks to STM (software process memory) libraries that detect and manage conflicts.
What is the main goal of Aptos?
According to the founders of Aptos, the purpose and goal of Apt is based entirely on the web3 ecosystem. Expanding the Web3 ecosystem and making it more usable is the main goal of apt.
If we look at the use of the apt token in the ecosystem, the APT token can be used to be a validator within its own network, and it can be used to earn income by staking within the network.
When Aptos was established, the initial supply of APT tokens was set at 1 billion tokens. The APT token distribution is planned as follows:
• 51.02%: Community
• 19%: Contributors
• 16.50%: Aptos Foundation
• 13.48%: Reserved for investors.
