Thread by @Figment_io

Get familiar with @AptosLabs in this 🧵 👇

We’ll be covering:
⭐️ What is Aptos?
⭐️ The Team
⭐️ Move Programming Language
⭐️ Use-Cases
⭐️ What Makes Aptos Different

Let’s start with what @AptosLabs is 🧐

A high-performance layer 1 PoS protocol that aims to be one of the safest and most scalable protocols, built for upgradability and designed with user experience as a core focus.

Unlike most protocols built on commonly known smart contract languages such as Solidity and Rust, Aptos is built using the Move programming language along with the Move Virtual Machine for dApp

Now, let’s dive into the @AptosLabs team 🤝

The Aptos team consists of many highly skilled members including Mo Shaikh (Founder and CEO), who previously hails from Meta (Facebook), and Avery Ching, who spent 10 years at Meta.

Aptos raised a total of $400 million from recognized industry leaders like FTX, a16z, Multicoin, Binance and others.

Protocols often suffer from frequent outages, high costs, low throughput, and numerous security concerns - Aptos is built to address these issues through a set of built in features. 🔬

As a successor of the Diem Blockchain, @AptosLabs utilizes the same flexible programming language: Move.

Move is an executable bytecode language used to implement custom transactions and smart contracts.

It uses inspiration from Linear logic to define custom resource types meaning that a resource can never be copied or discarded, only moved between program storage locations.

Now, let’s explore use-cases for @AptosLabs

Aptos utilizes a next generation BFT (Byzantine Fault Tolerance) protocol promising elevated performance.

You can read more about BFT below ⬇️
bit.ly/3Sur4Xd

The #Aptos team has spent three years building a novel BFT Engine allowing Aptos to perform with:

👉 Zero downtime
👉 Sub-second finality
👉 Immutability and safety
👉 Suited for decentralization

So what makes @AptosLabs different?

By making use of a technique called “parallel execution” that increases transaction speed (throughput) while keeping the cost very low.

Most current protocols use sequential transaction ordering, or serial execution, in which a single chronology of transactions is continually updated.

Parallel execution runs multiple simultaneous chains in parallel, allowing for more transactions to be theoretically processed at once.

Aptos’ experiments in an execution-only environment have already hit over 170,000 transactions per second, which is several orders of magnitudes higher than Ethereum’s 30 TPS.

Let’s talk #protocolstaking on @AptosLabs 🥩🥩🥩

🚧 Aptos has a limit to the amount any validator can stake.

💸 Rewards are capped at a certain stake level after which the validator will not continue to earn rewards.

This mechanism is set in place to disincentivize validators from acting maliciously to control consensus outcomes.

For more information, stay tuned for our Aptos Tokenomics article (coming soon). 👀

Read more on this up and coming network in our First Look article below 👇
bit.ly/3SoQNAt