Aptos is a scalable Tier-1 blockchain network project. Founded by former Meta employees, APT aims to bring decentralization and Web3 ideas to wider audiences.
What is Aptos?
Aptos is notable for using Move, a Rust-based programming language independently developed by Meta, and key elements of the Diem blockchain. What makes this blockchain network stand out most is that it promises high transaction speed for both developers and end users.
The network uses a parallel execution engine (Block-STM). Thanks to this technology, Aptos can process more than 130 thousand transactions per second. Thanks to the parallel execution engine, the transaction speed on the network increases, while the costs remain low.
Most blockchains either run smart contracts sequentially or require a huge parallel workload that demands a lot of power for better performance. Aptos, on the other hand, is different from other blockchains because a single failed transaction does not stop the entire chain. Instead, all transactions are processed simultaneously and then verified. Failed processes are canceled and re-executed thanks to STM (software process memory) libraries that detect and manage conflicts.
What is APT Coin?
APT coin is the native cryptocurrency of the Aptos blockchain network. On October 18, 2022, when the Aptos mainnet went into operation, 1 billion APT tokens were issued in the first place. The APT token, which has already been shown among the promising Web3 tokens, can be staked to become a validator on the network or used for transaction fees on the network.
Who is Aptos Founder?
Aptos was founded by Avery Ching and Mo Shaik, who previously worked on Meta’s Diem blockchain project. Ching and Shaik have adapted the “parallel execution” technique to Aptos, which was originally created in the days of Diem and aims to speed up transactions on the network while keeping costs low.
How to Get APT Coins?
To buy APT, it is first necessary to know the exchanges where this cryptocurrency is listed. Then you have to create an account on one of these exchanges and log in to the account. The first thing you need to do after logging in is to load the balance into the passbook. You can top up your balance with a credit or debit card, or you can make transactions by bank transfer. After loading the balance, you can buy the desired amount of APT coins and keep them in a cold or hot wallet.
Which Exchanges Are Aptos Available On?
Some of the popular cryptocurrency exchanges where APT coins can be purchased are:
- Binance
- KuCoin
- Kraken
- Coinbase Exchange
- bithumb
