MoveVM | Hype on Upcoming Aptos Project

Blockchains have a so-called trilemma which is scalability, security, and decentralization. While trying to strengthen one side, the blockchain may suffer from the problems in the other two pillars. Thus, it is a complicated but vital issue to be fixed.

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At that point, Aptos claims that it can solve the problems by using Move! Before we dive deep into Aptos, let's remember what Move is:

Aptos uses Move, a Rust-based programming language created for Diem, a now abandoned blockchain project by Meta (formerly Facebook). -ByBit Blog

So, it was the programming language that was designed for Diem. The developers of Aptos (so do Flow and Sui) realized the technical facilities of the programming language:

More technically:

bytecode that is higher-level than assembly yet lower-level than a source language. The bytecode is checked on-chain for resource, type, and memory safety by a bytecode verifier and then executed directly by a bytecode interpreter - Pontem

The blockchain will use native data type Resources which are unique codes that cannot be copied or duplicated.

Let's learn about the over-hyped project in testnet: Aptos

Introducing Aptos

The slogan: Layer 1 for everyone.

Actually, the team is proud of the project as the Max TPS rate outperforms the most popular cryptocurrencies and they adopt Move programming language that is believed to fix the trilemma problem of blockchains.

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Source

Aptos is intended to be used by everyone from different disciplines. Thus, it is designed to be fastest and safest (!) L1 in entire crypto ecosystem to solve the fundamental concerns.

To learn about the team and Aptos, check it out: Genesis of Aptos

The Investors & Community of Aptos

I'm impressed with the VCs that invested in Aptos. (excluding 3AC😅)

Aptos is eyeing a $2 billion valuation for its bid to bring the Diem blockchain into users’ hands, sources tell CoinDesk.
Coindesk News

Can you believe that there are some speculations over 2B valuation of this project. Even though it is not likely, "Ex-Meta coders" have a nice reputation in our ecosystem.

So far, Aptos Labs raised $350M funds from March and July 2022 investment rounds.
Sweet!
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ByBit Blog

Besides the investment, the community and crypto-people who are interested in the project are important for crypto projects.

The Twitter account has 86K followers and Discord Channel has 72k users! I think you can guess the depth of hype from rumors, numbers and investments 😅

There are testnet phases for you to be a tester if you want.

Testnet Details

Phase 1 had 100 validators; 18,000 full active nodes at its peak (the largest known PoS node community running today).
Phase 2 had 200 validators.
Phase 3 initially announced to have 1,000 validators, but will adjust as necessary (will be more than phase 2).
Phase 4 to not limit the number of participants but this may change. - Source

I would like to join the testnet to experience the blockchain that is hyped a lot. I think these testers will be rewarded well for their contribution.

TL;DR

Ex-Meta Coders will build Diem without Facebook! They are using Move programming language that has some strong sides to handle blockchain trilemma!

Aptos is coming to be the fastest and safest (!) blockchain for people! The project is funded very well and the hype is huge! Better to have an eye on it 😉

Posted Using LeoFinance Beta



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