#Aptos is a new L1 that is faster, more secure, and more scalable.
Built by former Meta (Facebook) engineers, who also developed the Move language for this blockchain.
Is launching their mainnet in few weeks with huge expectation around it.
My summarized research 🧵👇(0/14)
Built by former Meta (Facebook) engineers, who also developed the Move language for this blockchain.
Is launching their mainnet in few weeks with huge expectation around it.
My summarized research 🧵👇(0/14)
1/ Index:
- Team/Background
- Technical Features
- Goal
- Problem Solving
- Innovation
- Backers/Investors
- Roadmap
- Tokenomics
- Upsides
- Downsides
- Ecosystem
- Links of Interest
- Team/Background
- Technical Features
- Goal
- Problem Solving
- Innovation
- Backers/Investors
- Roadmap
- Tokenomics
- Upsides
- Downsides
- Ecosystem
- Links of Interest
2/ Team/Background
Original creators, researchers, designers, and builders of Diem, the blockchain that Meta (Facebook) built to serve this purpose.
Based in Palo Alto (California - US).
Founders: @moshaikhs (CEO) @AveryChing (CTO).
Core team doxxed
linkedin.com/company/aptosl…
Original creators, researchers, designers, and builders of Diem, the blockchain that Meta (Facebook) built to serve this purpose.
Based in Palo Alto (California - US).
Founders: @moshaikhs (CEO) @AveryChing (CTO).
Core team doxxed
linkedin.com/company/aptosl…
3/ Technical Features
- Concensus Mechanism: AptosBFT Proof-of-Stake.
- Performance: Up to 160,000 TPS.
- Programming language: Move.
- Blockchain engine: Block-STM parallel execution to handle multiple transactions at once.
- Immutability & Safety: The chain can't be forked.
- Concensus Mechanism: AptosBFT Proof-of-Stake.
- Performance: Up to 160,000 TPS.
- Programming language: Move.
- Blockchain engine: Block-STM parallel execution to handle multiple transactions at once.
- Immutability & Safety: The chain can't be forked.
4/ Goal
@AptosLabs is focused on delivering the safest and most production-ready Layer 1 blockchain in the world for mass adoption of web3.
@AptosLabs is focused on delivering the safest and most production-ready Layer 1 blockchain in the world for mass adoption of web3.
5/ Problem Solving
Most of L1 are struggling with scalability causing a poor network performance, delivering a bad experience to the user: outages, high fees, low speeds,...
The ones that try to solve scalability issue they end up leaving security behind.
Most of L1 are struggling with scalability causing a poor network performance, delivering a bad experience to the user: outages, high fees, low speeds,...
The ones that try to solve scalability issue they end up leaving security behind.
6/
#Aptos stands for a fast form of concensus but at the same time reinforces the security with a more secure coding language getting a fast, cheap and secure blockchain.
#Aptos stands for a fast form of concensus but at the same time reinforces the security with a more secure coding language getting a fast, cheap and secure blockchain.
7/ Innovation
- Lowest latency, optimistically-responsive BFT protocol.
- Robust, on-chain reputation system.
- Novel methods for parallel execution — a key enabler of speed at scale.
- Use of Move, a safe and reliable language.
- Lowest latency, optimistically-responsive BFT protocol.
- Robust, on-chain reputation system.
- Novel methods for parallel execution — a key enabler of speed at scale.
- Use of Move, a safe and reliable language.
8/ Backers/Investors
Aptos accepted its first big set of investments in March 2022.
Several large venture capital groups, including a16z Crypto, Multicoin Capital, Hashed, Tiger Global, Three Arrows Capital, FTX Ventures and Coinbase Ventures contributed a total of $200 million.
Aptos accepted its first big set of investments in March 2022.
Several large venture capital groups, including a16z Crypto, Multicoin Capital, Hashed, Tiger Global, Three Arrows Capital, FTX Ventures and Coinbase Ventures contributed a total of $200 million.
9/
Aptos then went on to receive another $150 million in June from FTX Ventures and Jump Crypto.
Impressing funding to be honest for a project just announced this year and taking into account the market situation.
Aptos then went on to receive another $150 million in June from FTX Ventures and Jump Crypto.
Impressing funding to be honest for a project just announced this year and taking into account the market situation.
10/
🔹Roadmap:
Surprisingly no public roadmap being released yet.
🔹Tokenomics:
No tokenomics info been released yet.
🔹Roadmap:
Surprisingly no public roadmap being released yet.
🔹Tokenomics:
No tokenomics info been released yet.
11/ Upsides
- Low fees
- Scalability
- Security
- Experienced, reputable founders
- Backed by "big guys"
- Low fees
- Scalability
- Security
- Experienced, reputable founders
- Backed by "big guys"
12/ Downsides
- Not EVM compatible
- Oversaturated market niche of L1s
- VCs in presale
- No public roadmap / tokenomics
- Questionable transparency
- Not EVM compatible
- Oversaturated market niche of L1s
- VCs in presale
- No public roadmap / tokenomics
- Questionable transparency
13/ Ecosystem
#Aptos has a prolific fast growing ecosystem, from DeFi to NFTs there is a vast list of projects warming up and ready to deploy on Aptos from day 1.
The community is also growing fast and showing massive interest and support.
(Infographics by @aptos_ins )
#Aptos has a prolific fast growing ecosystem, from DeFi to NFTs there is a vast list of projects warming up and ready to deploy on Aptos from day 1.
The community is also growing fast and showing massive interest and support.
(Infographics by @aptos_ins )
14/ Links of Interest
Aptos Website - aptoslabs.com
Aptos Docs - aptos.dev
Aptos Twitter - @AptosLabs
Aptos Discord - discord.gg/63U387q76Z
To be up to date - @AptosEcosystems @AptosInsights @aptos_ins
Aptos Website - aptoslabs.com
Aptos Docs - aptos.dev
Aptos Twitter - @AptosLabs
Aptos Discord - discord.gg/63U387q76Z
To be up to date - @AptosEcosystems @AptosInsights @aptos_ins
15/ That's a wrap. I hope the thread was useful. If you like this content, kindly:
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