Aptos - The New Solana?

By Bfab | Good vibes | 27 Jul 2022

The VCs and FTX have found their new layer-1 blockchain. Its name is Aptos. It is being developed by former members of META team:

Aptos is building the safest and most scalable Layer 1 blockchain.

Aptos raised USD 150 million this week, mostly from FTX and Jump Crypto. FTX again... Was Solana not supposed to be the most scalable layer-1 blockchain already?

Aptos would fix the usual blockchain trilemma. According to a recent article, they would be entering the testnet phase and plan to go beyond 1k validators... Therefore, decentralization seems to be key for them. However, they also rely on Google Cloud...

Since April 21 2022, Aptos entered into partnerships to accelerate growth. Notably, Google Cloud enables Aptos nodes to be set up in <15 minutes.

In summary, Aptos is one more most-scalable blockchain launched by VCs which will generate a lot of cash through ICO. It can be a short term opportunity for traders. However, we can wonder if we need a new layer-1 blockchain, with the low volumes that we currently see on the existing Ethereum (ETH) competitors - e.g., Solana (SOL) or Avalanche (AVAX). Furthermore, the trend is currently to build layer-2 chains on top of Ethereum rather than to create new layer-1 chains.

Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.

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