Thread by @state_xyz

0/ 🧵@AptosLabs, an exciting L1 blockchain and how it stacks up vs. other top chains

Full deep dive here:
medium.com/@state_xyz/apt…
TLDR below⬇️🧵⬇️

Leveraged materials by @TheBlock__ @Andrew_Cahill_ @PontemNetwork - much thanks!🙏

#altcoin #cryptocurrencies #venturecapital

1/ Aptos is a L1 PoS chain created by the team from Meta's Diem. NB they are not associated whatsoever. The chain solves the blockchain trilemma: decentralization, security, scalability. If successful, it is well positioned for mass adoption, including enterprises

2.1/ Move programming language: Modern, secure and flexible
- Easy customization of properties for assets
- Important info protected, not copied or accidentally destroyed
- Designed to be chain agnostic and modular
- Overall enhanced DX

github.com/aptos-labs/apt…

2.2/ ...some testimonies re: Move

https://twitter.com/simplyianm/status/1533942311381524480?s=20&t=xV5q35PZBGvyZ9HrXgNFUw

https://twitter.com/armaniferrante/status/1533903435950604289?s=20&t=xV5q35PZBGvyZ9HrXgNFUw

https://twitter.com/levicook/status/1533827361333968896?s=20&t=xV5q35PZBGvyZ9HrXgNFUw

https://twitter.com/jwaup/status/1534180491015905281?s=20&t=xV5q35PZBGvyZ9HrXgNFUw

3/ Network architecture: Single shard benefits long advocated by @multicoincap @KyleSamani
- Reduced technical complexity and social coordination for devs
- Lower latency
- Improved composability
- Stronger app communication, functionality
- Conducive to network effects

4.1/ Decentralization: Lower barriers to run nodes
- Min. hardware: CPU 4 cores, 8gb RAM, 300gb storage
- Lower hardware requirements vs. most peers:

4.2/
- Min. staking: TBD, wen mainnet. Likely lower requirements vs. key peers
- Testnet
> Phase 1: 100 validators
> Phase 2: 200 selected
> Phase 3: 1,000 to be selected
> Phase 4: no limit so far

https://twitter.com/AptosLabs/status/1542613521279623168?s=20&t=xV5q35PZBGvyZ9HrXgNFUw

4.3/
- Google Cloud partnership enables Aptos nodes to be set up in <15 min
medium.com/aptoslabs/apto…

5.1/ Security: In addition to Move's safety features
- Consensus mechanism separates liveness; safety audited and formally verified
- Validator management done on-chain; reputation system rotates leader nodes adjusted for responsiveness

5.2/
- Deterministic (based only on info contained in ledger state)
- Metered (defense against denial of service attacks at transaction execution level)
- Private / consensus key rotations to mitigate theft
- Key recovery integrations (new feature)

6/ Scalability: Testnet outperform key peers on time to finality, TPS
- Separate txn execution, consensus mechanism
- Txns validated in 2 network trips vs. peers go thru multiple voting rounds
- Optimized data structures, storage
- State synchronization

https://twitter.com/PontemNetwork/status/1531355961113292801?s=20&t=xV5q35PZBGvyZ9HrXgNFUw

7/ Other considerations:
- Continued testing with no downtime in private mainnet
- In event of network outage, on-chain reputation system mitigates impact of down validators automatically
- Ecosystem to grow organically with strong DX/UX
- Discord members at 55k; developers 8k

8/ Final thoughts
- Well funded
- Seasoned team with continuity and organizational maturity to execute vision
- Tech stack modernity and Move's language efficiency
- Strongly positioned to be preeminent L1 chain; top 5 is possible

9/ To revisit:
- Remaining testnet results
- Decentralization post mainnet, with defined validator framework
- Tokenomics, once announced

10/ If you found this useful in any way, then do bookmark to revisit

Follows and retweets would be very much appreciated 🙏♥️.

For retweets, please do so for the 1st tweet of this thread, linked again here for convenience:

https://twitter.com/state_xyz/status/1546533606847160320?s=20&t=xV5q35PZBGvyZ9HrXgNFUw

#Aptos #AptosLabs