Aptos (APT)
Aptos is a L1 blockchain
Basics
- Based in:
- Started in / Announced on: 24-2-2022 announced but started 'in the past few months' before it but also mentions having worked on their BFT engine for 3 years already.
- Testnet release: 15-3-2022devnet; "Later in Q2, there will be an incentivized testnet to help scale the network and stress test it as it marches toward mainnet."
- Mainnet release: "We expect Mainnet to occur in Q3 2022" (15-3-2022)
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed here.
Implementations
- Programming language used: Move
Transaction Details
- Capacity (TPS): "we achieve over 130k transactions per second with only 32 cores in our execution only benchmark." (15-3-2022)
- Latency:
How it works
- From their blog (15-3-2022):
Our team has developed a production-grade, low latency Byzantine Fault Tolerant (BFT) engine. We have implemented our fourth iteration of the protocol (the most advanced HotStuff derivative) over the past three years. During that time, we have upgraded the consensus protocol in a private mainnet environment with a diverse set of operators and zero downtime. Our first implementation of the BFT protocol added an active pacemaker that used timeouts to synchronize validators much more quickly than waiting for increasing timeouts. With our latest improvement to the protocol, blocks are committed in as few as two network round-trips, making sub-second finality the common case. Our novel reputation system analyzes the on-chain state and automatically updates leader rotations to adjust for non-responsive validators without any human intervention, making it well suited for decentralized environments. Furthermore, our protocol clearly separates liveness from safety. No matter if the network is unreachable or the non-safety core is compromised in some way, the chain will not fork as long as the BFT honesty guarantees are upheld. The safety of our consensus protocol has been both audited and formally verified.
Fees
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
- "25+ members" (15-3-2022)
Funding
- From their blog (15-3-2022):
"Raised $200 million in a strategic round led by a16z crypto with participation from Multicoin Capital, Katie Haun, 3 Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global, BlockTower, FTX Ventures, Paxos and Coinbase Ventures, as well as a great supporting cast of other phenomenal firms, executives and angels across the Web2 and Web3 ecosystems."
Partners
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