Aptos

Aptos was founded in 2021 by Mo Shaikh and Avery Ching, both of whom were part of the original Diem (Libra) blockchain team at Meta.

Aptos was founded in 2021, and its mainnet launched on October 12, 2022, after the Aptos team built on the technological foundation laid by Diem following Meta's discontinuation of the Diem project.

Aptos received significant backing from a16z, Multicoin Capital, and Binance Labs, and raised hundreds of millions in funding prior to launch.

Aptos uses a parallel execution engine called Block-STM, which makes it possible to process multiple transactions simultaneously. Aptos uses the "Move" language as its smart contract language, which supports resource-oriented programming. Aptos achieves high throughput with benchmarks exceeding 100,000 transactions per second in test environments. APT is used for paying gas fees, participating in on-chain governance, and securing the network through a proof-of-stake consensus mechanism.

Aptos has several features:

• Scalability: Parallel transaction execution enables high throughput and fast finality.
• Smart Contracts: Built using the Move language for greater safety and modularity.
• Security: Move’s resource model prevents common vulnerabilities like double-spending and reentrancy attacks.
• Staking: APT holders can stake tokens to secure the network and earn rewards.
• Governance: Token holders participate in protocol upgrades and governance decisions.
• Tools: Provides extensive tooling, modular libraries, and strong documentation for building dApps.
• Performance: Designed for financial institutions, gaming, and large-scale consumer apps.