What is Aptos (APT)?

Hello and welcome to a new Bitget Academy article!

If there is a follow-up to be done on a listing it is obviously the one concerning Aptos (APT). It is probably the most hyped listing of the year or at least of this end of the year. It's exciting, isn't it? Do you want to know how to approach this topic? What is this Aptos project? Well, sit back and relax for this article which is here to help you. Let's go!

What is Aptos (APT)?

Indeed, this project is much talked about because its arrival is in force with listings on the main exchanges since the morning of October 19 (European time).

Aptos is a Layer-1 solution that uses the Move programming language and virtual machine to deliver fast and scalable blockchain. Aptos is not a new project, in fact, it's a very old project and it was what we called Libra not so long ago. Libra first became Diem before a split with Facebook (which is now called Meta). The project wanted to separate from Meta because the GAFA is hated by the regulators.

The project is already well underway and has already achieved a very fast fundraising of 200 million dollars. When they split from Facebook, FTX Ventures and Coinbase Ventures simply jumped on the opportunity to invest in this already advanced project, which thanks to its independence can offer a more than bright future.

Aptos is a layer 1 blockchain that proposes a system with a scaling capable of bringing this blockchain to process 100,000 transactions per second, a completely crazy figure when we remember that Solana at the time of the promise spoke of 40,000 transactions per second.

Wanting to take advantage of the experience of all blockchains and the world of developers, Aptos decided to bet on the Move language, considered much more accessible and totally secure.

Let's get into the details but not too much. Of course, we invite you to do your own research. Aptos has the plan to reach that 100,000 transactions per second figure that include a new batch process of transactions. Thus the blockchain proposes not to validate each transaction one by one. There's still work going on, especially on storage and so they're working to have more efficient data structures, better configurations, and better engines.

An already complete ecosystem

This is a project with a lot of potential that are being followed. It is enough today to look at the ecosystem already proposed by Aptos in testnet, knowing that the mainnet has just arrived:

Source: Aptos Insights

They have plenty of tools already available, including many NFT projects, NFT marketplaces, games, aggregators, etc…Obviously, they also have their share of meme coins and many compatible wallets, launchpads for future projects, stablecoins, many DEXs and thus plenty of tools around the DeFi.

Aptos (APT) Tokenomics

Initially, there will be one billion tokens issued. 51.02% will go to the community. 19% will go to the main contributors, some kind of grants that will be distributed to support community projects. 16.5% to the foundation and 13.48% to investors. The unlocking will be done in about 10 years via progressive monthly unlockings. For contributors and core investors, the tokens will only start to be distributed after 12 months and this maneuver will take 18 months in total.

Source: CoinDesk

Above is the curve that is presented by the team to show the inflation that will occur on this token.

Conclusion

Although Aptos currently processes data sequentially, its goal is to perform parallel processing, such as sharding, which will allow for acceleration. Its ultra-complete ecosystem makes Aptos one of the few projects that come to market with such a broad ecosystem.

So we see that there is very strong confidence around the Aptos project. There are many promises and in order for the project to gain value, it will have to deliver on those promises.

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Disclaimer: This article is for educational purposes only and is not intended as investment advice. Qualified professionals should be consulted prior to making financial decisions.