A comprehensive and in-depth guide to Aptos blockchain, the most trendy Move-based chain brought by former Facebook Diem engineers.
What is Aptos?
Aptos is a layer 1 blockchain with resource objects and Move programming language. Aptos newly released crypto project aims for safe, scalable, and upgradeable proof-of-stake infrastructure.
A brief history of Aptos (Diem)
The Mainnet was launched in October 2022 with a mission to redefine the Web3 user experience, but the project’s history goes back to 2019.
Diem and Facebook. What’s now called Aptos chain started with a technology company Diem. Meta (aka Facebook) was fascinated with the idea of creating a stablecoin Libra. In an effort to lead digital currencies, Meta acquired Diem blockchain initiative. Things didn’t go as planned, and in late 2021, Facebook’s blockchain saga came to halt. Diem was sold to Silvergate Capital for $182 million. After the sale, some employees decided to continue an open-source quest for a blockchain and founded Aptos Labs.
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