At the moment, you can find a lot of public blockchains that belong to some kind of ecosystem, and the competition in this space is fierce. But the developers of Aptos took a different path and decided to create a unique Layer 1 blockchain.
They have focused on a high level of security and scalability. This new blockchain targets different categories of users: from private investors with small initial capital to developers who contribute to the development of the ecosystem. Currently, the project is under active development and its team regularly updates blogs and social networks.
From the current point of view, its operational trajectory is not much different from the original Solana. How did Aptos attract massive funding during the crypto winter, and what makes it stand out? Let’s take a deeper look.
Aptos development history
Aptos’ development history began long before its current form. The founder of the social network Facebook, Mark Zuckerberg, wanted to create his own cryptocurrency, which was no less popular than Bitcoin and Ethereum. But in the early stages of Libra’s development, his team faced difficulties: U.S. regulators would not allow the project to launch.
Zuckerberg didn’t give up trying to create a new cryptocurrency and formed a team to develop Diem. In total, work on both projects lasted four years, but Diem also ended in bankruptcy. However, that doesn’t mean the teams for those projects disappeared: developers co-ordinated by Mark Zuckerberg were used to create Aptos.
According to them, this Layer 1 blockchain can become as decentralized, fast and secure as possible.
Technical Features of Aptos
Currently, Aptos is only in development, but its creator team has far-reaching goals. They can be divided into the following categories by direction.
Cybersecurity and Functionality
Due to Aptos’ improved topology, peer-to-peer links, uplinks and downlinks can be implemented. This will make it more convenient for different types of users to interact with the data chain. To reduce unnecessary contention in network flows, a special algorithm will come into play that monitors and deletes irrelevant data.
The Aptos network will be protected from DDoS attacks from downstream nodes and validators. This is important because the problem with many blockchains that exist today is their low resistance to malicious attacks. Users also have access to a higher level of security thanks to the backup, which will allow users to recover corrupted or deleted data.
From this point of view, it appears to be a more secure blockchain than Solana.
The improved BFT consensus algorithm will allow transactions to be processed quickly. Unlike the Solana blockchain with the same mechanism, Aptos will reduce the waiting time to a minimum. According to the developers’ promise, the data processing speed can reach 130,000 transactions per second. It is important to note that the system will analyze every validator in the network. If one of them is inactive for a period of time, the algorithm replaces it with an active one.
It is known that these algorithms will be based on the proof-of-share principle. Perhaps you can expect to see a faster Solana blockchain.
The developers promise that with the help of a special indexer, it will be possible to present data widely. For example, various transactions can be calculated or information about transactions of interest can be requested. A crypto wallet will also be created, so users will be able to store, transfer and exchange tokens and NFTs with each other. It will support WalletConnect (2.0). Users will have access to documentation on Aptos-core, Aptos Move and Aptos Framework, Aptos + Move CLI.
In the ecosystem, various nodes can be created, a detailed guide for tools and developers will help with this. Users can also choose to run a standalone testnet.
Move programming language
The Aptos development team decided to create their own programming language to improve the security of the blockchain. Move is not only designed for writing smart contracts. With it, you can also manage your own account, change node settings, adjust commission size and add new features. It has to be mentioned that even in the initial stage of support, large sums of money have been invested in the development of this public chain, about $200 million, with a total capital of $2 billion.
Interestingly, with documentation detailing the new programming language, it is a great opportunity for developers to evaluate its convenience and whether they want to use it when creating their own DeFi applications. During the testing phase, developers will be able to determine which model is best for them.
Advantages of Aptos
Team and Funding
The team consists of a group of Ph.D.s, researchers, engineers, designers and strategists who are devoted fans of building the most secure, scalable and widely accessible network. Examples include members from meta and Novi (Meta’s wallet team, which is primarily responsible for crypto research), as well as Paxos, JPMorgan, Robinhood, and more.
Mo Shaikh, CEO: Former Head of Partnerships at Meta; formerly with Consensys, BlackRock and Boston Consulting Group.
Avery Ching, CTO: Former chief software engineer who led Meta’s in-house blockchain solutions; world-leading expert in building distributed systems and scalability solutions.
Funding: a16z, tiger global, Katie Haun, Multicurrency Capital, Three Arrows Capital, FTX Ventures, coinbase Ventures, Binance Labs, PayPal Ventures, etc.
AptosBFT is a derivative of HotStuff BFT (Libra consensus) that simplifies reasoning about security and addresses some performance limitations of previous consensus protocols. Consensus protocols require only two network round trips to submit blocks compared to multiple voting on other chains. Working with a block validator system that analyzes validator reputation and synchronizes their votes, Aptos can achieve high throughput with sub-second finality.
Block-STM: 160000 transactions/sec
Block-STM is an efficient multi-threaded parallel execution engine for smart contracts, by allocating software transactional memory banks, VMs with OP concurrency, lazy feedback mechanism and predefined execution order. The main aspect of providing high tps while ensuring safety is that Block-STM lazily commits all transactions into a block with mild synchronization; VM provides safety for optimistic memory accesses, with a predefined order that reduces synchronization.
MOVE: A new form of technical language
Since the birth of Aptos and Sui, it has become a trend that projects are more likely to support the use of the Move language in the future. Move is a new language created by Libra that provides a detailed, secure and programmable foundation for blockchain. Since the blockchain does not have a standard language system, the security/computation of the blockchain project will suffer. Additionally, Solidity is vulnerable to rebinding and other vulnerabilities. For example: transaction scripts and modules that separate the language, this introduces a degree of security benefit.
In general, AptosBFT, Block-STM and Move languages improve execution speed from different perspectives. The main purpose of this system is to optimize transactions in parallel through consensus (AptosBFT), execution (Block-STM) and environment (Move) to increase speed and reduce costs.
Ecosystem: Rapid Development
DEX application pontem.network (testing stage), hyper-parallelized chain order platform Econicia; Wallet Fewcha, liquid staking service Zaptos, Dao governance tool Paymagic.
Aptos is still in its early stages and many applications are being developed gradually. Once the mainnet is launched, we will be able to see if its value will be a clone of Solana and if the market will buy it.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/is-aptos-really-just-repeating-solanas-narrative-2/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.