What is Aptos?
Aptos is a Layer 1 blockchain based around Move programming language.
To achieve scalability Aptos uses Block-STM technology that handles smart contracts.
Citing bybit learn program ~
"This makes things a lot quicker because a single failed transaction won't halt the whole chain. Instead, transactions can be processed concurrently, and all of them are validated post-execution. To further improve efficiency, a collaborative scheduler works to prioritize certain transactions on the Aptos blockchain and handle essential validations efficiently. Ultimately, up to 160,000 transactions may be processed simultaneously."
Who founded Aptos?
Team behind Aptos is called Aptos Labs commanded by Mo Shaikh and Avery Ching.
They met together while working for Meta around its failed cryptocurrency project called Diem.
After legal problems with Diem, Shaikh and Ching decided to part ways with Meta and start their own startup called Aptos.
So what happened?
Aptos (Ticker APT) was listed for public sale on many CEX'es in October 2022. Since launch its price increased by more than 100%.
At the time of writing this Article, APT price was 18.56$, up more than 400% from its all time low of 3.09$.
In the recent month Aptos pumped hard in literally no time, without any achievement following its price increase.
Aptos is heavily invested by Venture Capitals and big investors which have big buying power, comparing to retail buyers.
At the time of editing this article, APT price was 19.03$.
My thoughts
Please proceed with caution while trading Aptos because its price might be overvalued and following its astronomical price increase, may follow a fast decline.
Aptos isn't very special in terms of its technology, neither it developed anything significant yet. It hasn't reached its promised 160.000TPS, and YET isn't a real competitor of any of top 25 layer 1 blockchain solutions.
I'm not a financial advisor and this isn't a financial advice. Only my thoughts and a short analysis I wanted to share with this wonderful community.
