Earlier this week Aptos Blockchains mainnet went live and to be honest I had never heard of it before but what caught my eye was when I saw it was labeled as a Solana-killer, not an Ethereum-killer as I have come used to seeing. Do not get me wrong; I am a huge supporter of competition and believe blockchains like Aptos will force the best to emerge and survive but as I looked into it more I became pretty hesitant about them.
When I ran into them on Twitter I first saw people talking about the transaction speed and how the Aptos team stated it was 160,000 a second compared to Solana's 65,000 per second but this was not accurate. From what people were saying the vast majority of these transactions were not even from users rather they were maintenance messages from validators. On its own, that is not the worst thing in the world however when I looked at the team all I saw were red flags.
My biggest issue and possibly the biggest issue that will face this blockchain is that it was made by former Meta (Facebook) employees who had worked on the Diem project. I still remember the outrage and pushback from the crypto community when Meta announced they wanted to create their own crypto and launched it with all these partners who then all rapidly left before Facebook sold off the project for next to nothing. To me, this taints a project and it is something that will take a lot before I would trust it and use it however I do not see many people mentioning this. Instead, the focus seems to be on the performance of the chain and not on those who are the ones creating/controlling it.
The other issue is honestly the horrible tokenomics of the project. To be honest I am not sure if it is because these are former Meta employees so they just are not familiar with how mainnet launches and token distributions work or if it is just that shady. It took backlash to get the tokenomics released to the public and when they released them they were just plain awful. Again I have no clue if this was just bad advice given or if the project is as shady as it is making itself out to be.
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