Why Builders Choose Aptos?

Sep 20, 2024

As the popularity of blockchain grows, competition among Layer-1 protocols is becoming fiercer. While Layer-1 protocols like Ethereum, Solana, and Avalanche have already established their positions, a new project has been gaining attention since 2022— APTOS.

Today, we’ll take a closer look at APTOS, the latest Layer-1 in the blockchain world, developed with a focus on secure development and user experience, and explore the key features that are drawing the attention of companies to APTOS.

High Performance and Economic Efficiency

APTOS provides low transaction fees and high throughput, allowing developers to build Dapps in a fast and economically viable environment, with transaction finality in under a second.

For example, projects like ‘SushiSwap’ have cited APTOS fast transaction speeds and low costs as reasons for choosing the platform. APTOS demonstrates strong performance, capable of minting 1 million NFTs in just 90 seconds, with an average transaction cost of only 0.00004 APT, making it ideal for both startups and large-scale projects.

This low latency ensures that applications requiring rapid transaction confirmation, such as decentralized exchanges (DEXs) or RPG games, can operate stably without being affected by chain performance, significantly enhancing the user experience.

In comparison to other Layer-1 blockchains using Move, such as Sui, APTOS has demonstrated superior performance in end-to-end latency benchmarks. Sui’s “fast path” records 1.92 seconds and “slow path” records 4.35 seconds, whereas APTOS consistently maintains under 0.95 seconds, proving its enterprise-grade transaction handling capacity.

2. Developer-Friendly Move Programming Language

APTOS supports the Move language, designed for secure and efficient smart contract development. As a new programming language, Aptos has made efforts to ensure that developers can use token standards and smart contracts easily. Move is advantageous for building advanced smart contracts, and APTOS extensive documentation and learning resources allow developers to get started quickly.

Move maximizes security and efficiency, simplifying the complexity of Dapp development. With various tooling and resources, APTOS enables developers unfamiliar with Move to onboard quickly, allowing them to focus on core business development and reach milestones faster.

3. Technical Innovation and Scalability

APTOS employs cutting-edge technologies like BlockSTM, a parallel execution engine for smart contracts, and a secure Randomness API to optimize performance. APTOS is designed to handle thousands of transactions per second (TPS), ensuring a seamless user experience even under heavy traffic loads. Cross-chain functionality is also supported, enabling interaction across multiple blockchain ecosystems, greatly enhancing accessibility and usability for developers and users alike.

Parallel Transaction Processing: To overcome the low transaction speeds and scalability issues of traditional blockchains, APTOS introduces BlockSTM, a parallel transaction processing technology that offers over 100,000 TPS, meeting the demands of enterprise-level applications.
Enhanced Consensus Algorithm: Traditional blockchains suffer from slow consensus mechanisms, degrading overall network performance. APTOS APTOSBFT v4 consensus mechanism optimizes timeout management and includes a reputation system to minimize network load and maximize consensus speed. Additionally, the inclusion of Quorum Store optimizes transaction lifecycle stages, improving storage, synchronization, and transaction processing efficiency.

4. Security and Reliability

APTOS provides strong security protocols and tools like Move Prover to verify smart contracts, enabling developers to build Dapps in a safe and reliable environment. The network is well-protected against cyber threats, making it ideal for applications in industries such as finance, gaming, and DeFi.

Move-based Smart Contracts: Traditional smart contract languages often have vulnerabilities that can lead to hacks in DeFi and other sectors. APTOS addresses these issues by adopting the Move language, which is optimized for digital assets and ownership. Its syntax helps detect security vulnerabilities during the compilation stage, significantly enhancing the security of smart contracts.

5. Global Community Support

APTOS boasts an active and collaborative global developer community. This community supports developers in building innovative Dapps and fosters the continuous growth and innovation of the APTOS ecosystem. APTOS is also expanding its global reach and the Web3 ecosystem through strategic partnerships with Microsoft, Google, and Alibaba. These partnerships enable Aptos to offer more benefits to developers and users by leveraging AI, cloud services, and various tooling.

6. Enterprise-Ready Solutions

APTOS Ascend, a custom blockchain solution developed by APTOS Labs, provides high-performance financial infrastructure for institutions. With the integration of Microsoft Azure’s cloud computing capabilities and Azure OpenAI Service’s AI technologies, APTOS Ascend helps financial institutions efficiently manage digital assets and offer currency services.

APTOS Ascend, built on the public APTOS blockchain, also provides private features to meet the access control requirements of financial institutions and auditing agencies. These features allow approved groups and individuals to perform transactions while maintaining the transparency and security of a public blockchain, offering the benefits of a private blockchain such as access restrictions, customization, and data security.

Conclusion

Aptos has garnered attention since its launch for both positive and negative reasons. The cryptocurrency community has criticized Aptos for a lack of transparent tokenomics, centralization, and its substantial venture capital backing. Despite these criticisms, Aptos has emerged as a promising Layer-1 protocol, attracting significant interest. Its performance outshines other monolithic chains, and it is onboarding companies across various industries such as finance, social media, and gaming.

From demonstrating reliability and technological prowess through partnerships with key companies to positioning itself as an ideal partner for building Korea’s Web3 ecosystem, Aptos is proving its value. Its technological superiority is expected to be a driving factor that allows developers to push beyond current limitations, presenting endless possibilities.