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APT Coin review
Aptos is a Proof-of-Stake Layer 1 blockchain protocol that works on the Move smart contract programming language. Move is a Rust-based language developed by Meta’s Diem blockchain developers.
The vision of the protocol is large-scale web3 adoption using DApps to solve real-world issues faced by users. The protocol’s PoS chain theoretically has a throughput of more than 150,000 transactions per second.
It was launched in 2022 and from April to September 2022 it managed to raise funds from venture capitalists and crypto big-wigs such as a16z, Tiger Global, Multicoin Capital, FTX Ventures, Jump Crypto and Binance. The valuation after Binance Labs’s strategic investment is $4 billion.
Aptos launched its mainnet on October 18, 2022 following which, the protocol airdropped tokens worth more than $1500 to each of its early adopters. This made it one of the largest airdrops in history.
APT is the native cryptocurrency of the blockchain.
### Founder Of Aptos
The protocol was founded by Mo Shaikh and Avery Ching who previously worked at Meta. Mo serves as the CEO and Ching is the CTO of the company.
The project went through numerous testnets before its mainnet was launched in October 2022. The testnets were divided into 4 stages and it invited developers, node operators, etc. to test the network fully.
APT Coin FAQ
Aptos Labs officially launched its mainnet “Aptos Autumn” on 12th October 2022 by Avery Ching and Mo Shaik.
