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Price (USD)$ 7.86
Circulating SupplyAPT 278.58119M
Volume (24h)$ 200.01429M
Market Cap$ 2.18674B
Low/High 24h$ 7.36 - $ 8.15
Change (24h)$ 0.249756
One of the main problems that modern blockchains face in the beginning Web3 era is scalability. Every individual node in the network has the capability to govern and manage transactions in the blockchain network, but the continuously growing number of nodes has resulted in the blockchain scalability problem. A number of modern blockchains try to solve this issue, and one of them is the Aptos blockchain by Aptos Labs, a network that is also safe and upgradeable. The recently launched blockchain has been dubbed the ‘Solana killer.’ Aptos Labs was created by Mo Shaikh and Avery Ching in 2021 as a Layer 1 blockchain used for the development of scalable and future-proof applications.
The Aptos blockchain natively integrates and internally uses the Move language for fast and secure transaction execution, and Aptos data model enables flexible key management and hybrid custodial options. This, alongside transaction transparency prior to signing and practical light client protocols, provides a safer and more trustworthy user experience. In order to achieve high throughput and low latency, the Aptos blockchain leverages a modular approach for the key stages of transaction processing. Aptos can efficiently support atomicity with arbitrarily complex transactions, enabling higher throughput and lower latency for real-world applications and simplifying development.
In addition, the Aptos modular architecture design supports client flexibility and optimizes for frequent and instant upgrades. Moreover, to rapidly deploy new technology innovations and support new web3 use cases, the Aptos blockchain provides embedded on-chain change management protocols. At the moment the Aptos blockchain is experimenting with future initiatives to scale beyond individual validator performance. Its homogeneous state sharding provides the potential for horizontal throughput scalability without adding additional complexity for node operators. All of this makes Aptos an innovative and updated blockchain of the future. Let’s take a closer look at its structure.
To maximize throughput, increase concurrency, and reduce engineering complexity, transaction processing on the Aptos blockchain is divided into separate stages. Each stage is completely independent and resembles modern, superscalar processor architectures. Not only does this provide significant performance benefits, but also enables the Aptos blockchain to offer new modes of validator-client interaction. For instance:
Once consensus block metadata is ordered, transactions can be executed by any validator, full node, or client. An important goal for any blockchain is to enable as much parallel execution as possible. The Aptos blockchain advances this direction forward from both the data model and the execution engine.
Except for the Aptos Petra Wallet, the Aptos blockchain also offers its users a so-called Aptos Explorer. This explorer lets them check the activity on the Aptos blockchain in great detail, seeing transactions, validators, and account information. The Aptos Explorer provides a one-step search engine across the blockchain to discover details about wallets, transactions, network analytics, user accounts, smart contracts, and more.
The Aptos blockchain is owned, operated, and governed by a broad and diverse community. A native Aptos token (APT coin) is used for transaction and network fees, governance voting on protocol upgrades and on-chain/off-chain processes, and securing the blockchain via a Proof-of-Stake model. APT coin was launched in mid-October 2022 and does not have a maximum supply.
To participate in transaction validation on the Aptos blockchain, validators must have a minimum required amount of staked Aptos tokens. Validators decide on the split of rewards between themselves and their respective stakers. Stakers can select any number of validators in which to stake their tokens for a pre-agreed reward split. At the end of every epoch, validators and their respective stakers will receive their rewards via the relevant on-chain Move modules. Any validator operator with sufficient stake can freely join the Aptos blockchain. All parameters, including the minimum stake required, can be set by the on-chain enablement processes. In the stake pool, three personas are supported: owner, operator, and voter. Using this owner-operator-voter model, a custodian can assume the owner persona and stake on the Aptos blockchain and participate in the Aptos governance.
An epoch starts with a finalized validator set. During the epoch, only validators in this validator set will vote. Epoch value on the mainnet is set by the governance. During the epoch, following the process described in Validation on the Aptos blockchain, a validator is selected as a leader to make a proposal. Because the validator set is unchanged during the course of an epoch, this will result in a validator being selected multiple times as a leader in an epoch. On successful proposals, i.e., proposals achieving the quorum consensus, the leaders earn rewards based on their stake and on the reward rate that is configured on-chain.
The reward rate is the same for every validator. If all the proposals in an epoch achieve quorum consensus, a validator earns the maximum reward for the epoch. Rewards are given only to the leader validators, and not to the voters. On failed proposals, i.e., a proposal that did not achieve the quorum consensus, the leaders do not earn any reward for that proposal. If all the proposals in an epoch fail, a validator earns zero rewards for that epoch.
The team behind Aptos has been actively working on the blockchain. Only in 2022, Aptos Labs launched Aptos Incentivized Testnet 2 and 3, built a gas schedule, and minted a number of NFTs on the Aptos blockchain.
In October 2022, Aptos additionally introduced the Aptos Names Service (ANS). ANS allows all Aptos users now to use a human-readable .apt name for their Aptos wallet address instead of their public key. This will also provide a better user experience. Aptos names make sending and receiving funds significantly easier and less complicated, while also reducing the likelihood of fraud and human error. Now, users can set target addresses for their Aptos names and anyone who owns an Aptos name can also add a subdomain. Additionally, users can now add their names to their Aptos wallets to facilitate incoming and outgoing transactions.
Taking into consideration the energetic work behind the project, many crypto analysts are certain of its potential. For instance, DigitalCoinPrice estimates that in 2025, APT crypto will cost $13,27 on average, while in 2031 its price will soar to a new all-time high of $35.63 as the absolute maximum. A number of other crypto sources are less optimistic, but they believe that within 5-10 years’ time APT crypto will cost over $10 on average. The coin seems to have good potential as even now, during the recession, it trades at around $ 7.86, which speaks for itself. The number of blockchain projects that entered the crypto scene is vast, and some of them are way older than Aptos, but are nowhere near it.
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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.