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 for parallel transaction execution, which increases the throughput of the blockchain and increases the speed of operations.
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. The team also includes many other developers from around the world, including engineers, researchers, designers and programmers. More than 350 people have been involved in the creation of the project over the past three years. The Aptos Foundation is supporting and developing the project.
The Aptos blockchain uses the Move programming language to complete 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, according to the project whitepaper.
In addition, Aptos offers hybrid storage and key management options. According to the developers, together with transparency of transactions prior to their execution and practical client protocols, this creates a more secure and reliable user experience.
Through the use of the Move programming language and parallel execution technology, about 160 thousand transactions per second (TPS) are performed on the blockchain.
For comparison, the Solana blockchain has a declared speed of 50 thousand TPS, the international payment system VISA - 24 thousand TPS, and the bitcoin network conducts an average of 5-7 transactions per second.