What is Aptos?
Aptos is a Layer-1 blockchain project created by Aptos Labs. Aptos is described as the safest and most scalable network that will redefine the web3 experience.
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What Sets Aptos Apart?
1. Aptos blockchain is embedded in the system and uses the Move language to execute transactions quickly and securely. Move is a Rust-based programming language that provides additional assurance of the smart contract terms and behavior.
2. The Aptos data model supports flexible key management and hybrid escrow options. In addition, the transparency of pre-signed transactions and convenient customer service protocols provide a more secure and reliable user experience.
3. By achieving high throughput and low latency, Aptos blockchain implements a modular approach to key stages of transaction processing. Transaction propagation, blockchain metadata ordering, parallel transaction execution, batch storage, and ledger certification occur simultaneously. This approach fully utilizes all possible physical resources, increases hardware efficiency, and enables highly parallel execution.
4. Unlike other parallel execution mechanisms, which violate atomicity by requiring initial knowledge of data to read and write, the Aptos blockchain imposes no such constraints on developers. As a result, it can effectively maintain atomicity for arbitrarily complex transactions, providing higher throughput and lower latency for real-world applications and simplifying development.
Investors and Partners
Aptos has had many successful funding rounds in which many large investment funds have invested. In February 2022, Aptos raised $200 million in a round led by a16z, with major investors including Tiger Global, Katie Haun, Multicoin Capital, FTX Ventures, Coinbase Ventures, Binance Labs, and PayPal Ventures rushing to fund the project. On July 25, 2022, Aptos closed a $150 million Series A round led by FTX Ventures and Jump Crypto with participation from Binance Labs.
Now Aptos has just announced a unique Google Cloud partner, which is used to store data in order to simplify node launching for validators (it takes only 15 minutes to set up and run a node).