Aptos ‘ blockchain claims to handle three times the number of transactions per second as Solana, however the network transacted far less on day one.
Aptos (APT), a layer-1 blockchain, officially launched its mainnet on Oct. 17 after four years of development and millions of dollars in investment.
The proof-of-stake (PoS) blockchain has received millions of dollars in venture capital investments and has previously claimed to be capable of processing 160,000 transactions per second (TPS).
However, some community members have pointed out that the reported TPS falls considerably short of expectations on the mainnet.
At the time of writing, the network is witnessing roughly 4 TPS, according to Aptos’ blockchain explorer, while some Twitter users have reported being unable to submit transactions.
Others on Twitter noted that the Aptos Discord was locked for a few hours following the mainnet’s debut, accusing the developers of attempting to stifle debate about probable launch concerns.
Cointelegraph contacted Aptos for comment and was pointed to Aptos’ Oct. 18 “Day one update” tweet.
Aptos stated in the tweet that the network is “behaving as predicted,” with activity growing as more ecosystem partners join. Using its blockchain explorer, we were able to observe a variety of transactions from users.
As Aptos stated on their Twitter:
Aptos also stated that comments on its Discord and Telegram channels have been disabled in order to “protect the community from frauds,” and that they will “return to normal when appropriate.”
Our conclusion on Aptos
Aptos’ tokenomics are not yet public, prompting some to express worry that cryptocurrency exchanges such as Binance and FTX are listing its token without making such information available to their clients.
Aptos also stated that comments on its Discord and Telegram channels have been disabled in order to “protect the community from frauds,” and that they will “return to normal when appropriate.”
APT’s tokenomics are not yet public, prompting some to express worry that cryptocurrency exchanges such as Binance and FTX are listing its token without making such information available to their clients.
They has received millions of dollars from venture capital companies, with the most recent round of investment in July totaling $150 million for Aptos Labs. A previous round of $200 million was obtained in March, with partners including Andreessen Horowitz (a16z), FTX Ventures, and Coinbase Ventures.
Aptos Labs was founded by former Meta workers Mo Shaikh and Avery Ching, who were involved in the unsuccessful Diem blockchain project, which was dissolved in February of this year and its intellectual property and other assets were sold.
The blockchain is based on a programming language that was created for the now-defunct Meta-built Diem blockchain.
Expert in: Google Ads, SEM Expert, PPC Specialist, Paid Social, Facebook, Web Design and DeFi. I work exclusively with successful businesses that are looking to take things to the next level or ambitious startups who give themselves the means to do so. I have experience in many verticals: SaaS, finance, cryptocurrency, retail, real estate, law, IT, medical, pharmaceutical, travel and many more.