Aptos (APT) is a high-performance layer-1 blockchain network that uses the secure and flexible Move programming language. Led by former Meta Libra developers, Aptos is one of the highest transaction throughput blockchains in crypto and has the goal of reaching 1 million transactions per second (tps). The native token, APT, powers the network. APT is used for paying transaction fees, staking to secure the network, and participating in governance decisions.
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As of December 12, 2023 11:00 PM GMT+2
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Aptos is a Layer 1 blockchain built to enable the secure and scalable development of decentralised applications (dApps). It supports various use cases, including decentralised finance (DeFi), non-fungible tokens (NFTs), payments, and gaming.
Aptos utilises smart contracts written in the Move programming language to build dApps and manage complex, automated agreements on its network. The Move ecosystem includes a compiler, a virtual machine, and developer tools to support the creation of these applications.
The network's native token, APT, is considered an infrastructure token, focusing on improving the functionality, efficiency, and security of both the Aptos blockchain and its dApps. As a Layer 1 token, APT is used to cover transaction fees for applications on the Aptos blockchain and for on-chain governance.
Additionally, APT holders can stake their tokens with validator nodes to earn rewards or delegate them to a preferred validator for staking.
Aptos is a blockchain platform designed to overcome the limitations of earlier technologies by providing enhanced scalability, security, and reliability. The project incorporates advanced technical features to optimise performance and improve the user experience.
Key components include:
Aptos was founded by Mo Shaikh and Avery Ching, both of whom previously worked at Meta. After collaborating on Meta's Diem blockchain project, they launched Aptos Labs following the discontinuation of Diem in January 2022. Aptos secured its initial funding through a seed round led by venture capital firm Andreessen Horowitz, followed by a Series A round led by FTX Ventures and Jump Crypto. These investments, along with a strategic partnership, boosted Aptos’ valuation to $4 billion.
Aptos is a smart contract platform that enhances scalability and reliability through its proprietary consensus protocol and parallel execution engine. The following key features make it unique:
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Explore popular APT trading pairs on Altify. You can swap APT for FIAT and stablecoins.
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