Aptos blockchain and APT token

Hello everyone, today for new users I’ll tell you about the blockchain itself and its Aptos token :white_check_mark:

The new ecosystem was launched on October 18. The launch of the project has become an important topic of discussion in the crypto community.

What is special about this network, and what development can it receive in the future? :thinking:

:black_large_square: Aptos Blockchain

:one: Aptos is a new layer 1 blockchain designed to mainstream Web 3.0 and empower the decentralized application ecosystem. The main feature of this network is the use of Parallel Execution technology, which increases the throughput of the blockchain and increases the speed of transactions.

:two: The main developers of the Aptos system are Mo Shaik and Avery Ching, who previously created the Diem wallet for Mark Zuckerberg’s social networks.

:three: The Aptos blockchain uses the Move programming language to perform transactions quickly and securely. A smart contract verifier written in this language allows application developers on this blockchain to better protect their programs from malicious objects.

:four: Additionally, Aptos offers hybrid key storage and management options. According to the developers, this, together with pre-transaction transparency and practical client protocols, creates a more secure and reliable user experience.

:five: The Aptos blockchain can become the “killer of Solana” and other projects, such as Bitcoin, due to the high speed of transaction processing, says Igor Pan, digital assets specialist at the Finmir marketplace. He said that through the use of the Move programming language and parallel execution technology, about 160 thousand transactions per second (TPS) are performed on the blockchain.

:exclamation: For comparison, the Solana blockchain has a stated speed of 50 thousand TPS, the international payment system VISA has 24 thousand TPS, and the Bitcoin network conducts an average of 5-7 transactions per second. :exclamation:

really impressive numbers, right? :rocket:

:black_large_square: Aptos token

:one: The native token of the Aptos project is the cryptocurrency of the same name with the ticker APT. On October 19, the Aptos Foundation launched an airdrop of APT tokens. According to their statement, in total more than 20 million APT should have been distributed among 110 thousand users.

:two: Token trading was launched on the largest cryptocurrency exchanges, such as Binance, Huobi, Coinbase, OKX. The platforms have launched both spot and margin trading in pairs with Bitcoin and various stablecoins.

:three: In the first minutes after the launch of trading, the price of the token soared by thousands of percent, but within a short time it stabilized in the range of $7-9, the daily rate decline is 7%, according to CoinGecko. As of October 20, the market capitalization of the asset is $997 million with a daily trading volume of $600 million.

What topic would you be interested in reading next? :thinking:

For those who didn’t know, these are the two main developers of the Aptos blockchain. Or just the founders :saluting_face:

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Thanks for the info

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thanks for the feedback :saluting_face:

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Thank you mate

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Thanks …
For information

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good read thanks

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thanks bro for info

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you’re welcome

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Aptos is the best Layer 1 blockchain

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thanks helpful info

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Thanks for breaking it down simply like this!

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you’re welcome :handshake:

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This right here is just :fire: :fire: :fire:

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This is eye-opening

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Thanks for the info

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the numbers are really impressive