Layer 1 to look out for.
The same people who worked on the now-defunct Diem blockchain from Meta helped create Aptos, a scalable Layer 1 blockchain. A fast, inexpensive Layer 1 blockchain called anticipated to rival Solana. With over 300 developers and $350M in backing from illustrious organizations including FTX, Parafi, Andreessen Horowitz, Multicoin Capital, Binance Labs and Haun Ventures.
When Binance Labs, the startup capital arm and accelerator of Binance, made a new, unannounced strategic investment in the Web3 infrastructure company, Aptos Labs, recently, it is estimated that the Aptos Labs has quadrupled in worth since March.
Layer 1 blockchain businesses continue to pique the interest—and cash—of investors and later this year, Aptos will issue a token.
Due to its use of a technology dubbed "parallel execution," which increases its native transaction speeds while lowering gas costs, the project is quickly gaining popularity. To give an example, the majority of blockchains in use today handle transactions in a sequential manner, meaning that each transaction must be added to the ledger once it has been confirmed, which makes the entire procedure time-consuming.
Aptos handles transactions concurrently. In contrast to Ethereum's 30 TPS, Aptos claims that their blockchain can process 130k transactions per second.
Although prior attempts at parallel execution in blockchains have met with little success, Aptos will be the most well-known and popular parallel execution blockchain. The whole transaction history for the blockchain can be more difficult to view due to parallel processing, which also has a high failure rate for transactions.
Time will tell.
Find out more here: https://aptoslabs.com/
Comments