90
is a Layer 1 blockchain based around programming language.
To achieve scalability Aptos uses Block-STM technology that handles smart contracts.
learn program
"This makes things a lot quicker because a single failed transaction won't halt the whole chain. Instead, transactions can be processed concurrently, and all of them are validated post-execution. To further improve efficiency, a collaborative scheduler works to prioritize certain transactions on the Aptos blockchain and handle essential validations efficiently. Ultimately, up to 160,000 transactions may be processed simultaneously."
Who founded Aptos?
Team behind is called Aptos Labs commanded by Mo ShaikhAvery Ching
They met together while working for around its failed cryptocurrency project called
After legal problems with , Shaikh and Ching decided to part ways with and start their own startup called
So what happened?
(Ticker APT) was listed for public sale on many 'es in October 2022. Since launch its price increased by more than 100%.
At the time of writing this Article, price was 18.56$, up more than 400% from its all time low of 3.09$.
In the recent month Aptos pumped hard in literally no time, without any achievement following its price increase.
is heavily invested by Venture Capitals and big investors which have big buying power, comparing to retail buyers.
At the time of editing this article, price was 19.03$.
My thoughts
Please proceed with caution while trading because its price might be overvalued and following its astronomical price increase, may follow a fast decline.
isn't very special in terms of its technology, neither it developed anything significant yet. It hasn't reached its promised 160.000TPS, and YET isn't a real competitor of any of top 25 layer 1 blockchain solutions.
I'm not a financial advisor and this isn't a financial advice. Only my thoughts and a short analysis I wanted to share with this wonderful community.
