Ethereum has long been the blockchain king of smart contracts. However, its technical limitations have spawned many other designs eager to deliver better performance. One of them, Aptos, has just launched its main network.
Move Power: the language to protect the blockchain
Aptos, the blockchain built by the former developers of the now obsolete Meta Diem project, has announced the launch of its mainnet.
Aptos calls itself “the most secure and scalable level 1 blockchain”. It is built around the Move programming language, originally developed by Meta for its Diem stablecoin. This language is itself taken from Rust, the language used for Solana (SOL), Polkadot (DOT) or Cosmos (ATOM).
Here’s how the Move language was chosen for the Aptos blockchain. One of the advantages of using Move is the “Move Prover”.
“The Move Prover is a formal verifier for smart contracts written in the Move language. Provides additional guarantees for contractual invariants and behaviors. This emphasis on security allows developers to better protect their software from malicious entities. “
In theory, the Move language could provide more secure applications due to its inherent structure, allowing developers to reduce the scope of possible attacks.
Aptos’ blockchain technology combines its AptosBFT V4 consensus method and its parallelization system, which according to its data should allow it to process up to 130,000 transactions per second with enhanced security.
$ 350 million in funding
After a testnet that received a lot of enthusiasm from the community and developers, the Aptos mainnet was launched on October 18th.
“After over four years of hard work, hundreds of contributions and hundreds of community projects around the world, we have come to Aptos Mainnet. We are proud to have come here together, for the people. “
At present, despite the mainnet being officially launched, blockchain tokens have not yet been launched, and many applications have not yet been launched, so the possibility of blockchain offers is still very low.
These applications include wallets, decentralized finance solutions (DeFi), oracles, and even non-fungible token tools (NFTs).
Prior to its launch, Aptos Labs, the organization behind Aptos Network, completed three rounds of funding. In total, Aptos Labs raised just under $ 350 million from investors including Andreesen Horowitz (a16z), Parafi Capital, Binance Labs and FTX Ventures.
Doubts already at launch?
Meanwhile, comments on some forums (Discord and Telegram) have been blocked unexpectedly, the official reason being to protect their community from possible scams during this launch. However, according to some analysts outside the situation, it was rather a way to hide dysfunctions already present.
Because the launch of the Aptos blockchain was not well received by the entire crypto community. Clearly, some promised performances are far from being realized.
“Aptos knows something is wrong. Between Genesis and 1:30 PM PT, Aptos Discord was disabled – users could not chat or ask questions. They have only recently opened some channels, but important channels like dev-resources are still closed, “tweeted Paradigm Engineer # 420.
According to his research, the number of valid transactions per second (4) in the first few hours of the initial implementation would be significantly lower than that of the Bitcoin network.
The doubts add to other questions about the APT cryptocurrency tokenomics, which is expected to be officially launched on the FTX platform this Wednesday. The problem is that the token does not yet have a defined maximum “bid” quantity at the time of its listing.