Aptos Blockchain: What Are The Innovative Features

The Layer-1-focused Aptos Laboratories (APT) blockchain, which has been building a reputation for a while, became live not long ago. A project called Aptos was started by former Meta personnel. The group is recognized as the “developers” that contributed to Meta‘s failed stablecoin project Diem.

Move, a Rust-based programming language was used to create the Aptos blockchain’s algorithms. Sui, another future network from Mysten Labs, also uses Move.

That Blockchain is Functioning

The Aptos blockchain network is currently functioning, according to the project creators, although its ecosystem does not yet seem to be fully developed. The wallets and NFT technologies needed for DeFi projects on the network have yet to be made available by many project development teams. The Aptos blockchain, whose genesis block was generated, appears to be operational and complete. Project developers attempting to build in Aptos fear that the mainnet rollout is being hurried since the infrastructure is not yet ready.

Several members of the community dispute the Aptos blockchain’s claim that it can handle up to 160,000 transactions per second (TPS), despite the fact that it gets millions of dollars from venture capital firms and uses the Proof-of-Stake (PoS) consensus mechanism. The network appears to be limited to a transaction volume of just 4 TPS as of broadcast time, according to Aptos’ explorer report.

There were Worries About the Aptos Platform

Following the mainnet, Aptos‘ Discord channel remained unavailable for a few hours, according to several users who posted on Twitter that they were unable to do transactions on the network. Users also noted that this was done to stop the discussion of the issues encountered. As a means of “protecting the community against fraudsters,” Aptos, on the other hand, declared that their Telegram and Discord channels had been shut down.

Others in the community were concerned about tokenomics as well. Although it was first claimed that Aptos would be listed on significant cryptocurrency exchanges like Binance and FTX, its token economy was kept a secret. Aptos described the token economy before stating that they would shortly offer a thorough explanation of the matter.

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