Comparing blockchains for payments 💸

Exploring @Aptos_Network :volcano:

:brick: Parallel x Sequential Execution:

Aptos introduces BlockSTM, enhancing parallel tx execution without the need for initiators to detail interaction accounts. It strikes a balance between efficiency & system resourcefulness but predicting the nature of execution is a challenge.

:brick: Fee Markets in Aptos: :moneybag:

Transactions are structured with base gas fees based on three parameters:

  • Instruction: considering the number & complexity of executed instructions.
  • Storage: based on bytes read/written.
  • Payload: fees increase with more transaction bytes.

:brick: Decreasing Gas Fees: :chart_with_downwards_trend:

  • 2022: A swap_exact_input transaction took 8611 gas units.
  • May 2023: The requirement dropped to 56 gas units.
  • Sept 2023: Only 15 gas units were needed.

This showcases a trend of decreasing gas units over time.

:brick: Transaction Finality:

By leveraging a variation of the HotStuff consensus protocol, Aptos offers deterministic finality, ensuring once a transaction is committed, it’s irreversible. This instant finality improves user experience and trust, especially in high-stakes txs.

:brick: Aptos PoS:

Resilient network with ~100 nodes. While it currently supports a singular client for focused development, its consensus stands out with AptosBFT—a variant of HotStuff, utilizing DAG & QC.

Key metric: Txs finalize in <5s, exemplifying deterministic finality.

:brick: Stablecoins: :coin:

Aptos notably lacks native stablecoin support. Instead, it turns to Layerzero for wrapped stablecoins. This does offers versatility but also introduces trust complexities: Aptos users must rely on Layerzero’s security and reserve integrity when transacting.

:brick: Amid payment challenges, Aptos offers tailored solutions using Move with fast confirmations, balancing user & developer needs.

As the landscape evolves, ecosystems like Aptos highlight the potential of next-gen L1s in redefining payment infrastructures.

:pray:t6:
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Thank you for reading this far.

Like & Comment for more insights! :rocket:

11 Likes

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Best wishes

3 Likes

Think you for this post
Keep going mate

2 Likes

This is insightful. Had a good read
Obrigado :heart:

2 Likes

Nice thread

3 Likes

Great info mate

2 Likes

This is great

2 Likes

Great info, thank you

3 Likes

Thank you for this information

2 Likes

This is wonderful. Thanks sir

2 Likes

This is a great read

2 Likes

Aptos is still one of the great project, don’t be surprised if it meet up with eth price soon

3 Likes

You’re right

1 Like