Aptos, A Legit Blockchain Or Just Pump & Dump?

Very good crypto readers, in this article we are going to talk about the Blockchain of the moment, Aptos. This new Layer 1, has been on everyone's lips in recent days, and not exactly for good news, we will go step by step unraveling what it consists of and why it has not received very good reviews, will it be as bad as reported? Let's find out!

WHAT IS APTOS?

Aptos is a new L1 blockchain that uses Proof of Stake (PoS) as a consensus method. Aptos has as its main benefit the innovative programming language “Move” and aims to be very scalable, theoretically they could exceed 160k TPS. We could say that its main competitor is Solana since both solutions have similar characteristics.

THE TECHNOLOGY

Its technology is based on a parallel execution engine for smart contracts based on the principles of Software Transactional Memory.
Transactions are divided into blocks, and the execution of each block must always lead to the same result, which would allow to reach, as already mentioned, 160k TPS.

THE TEAM BEHIND APTOS

Aptos was founded by Mohammad Shaik and Avery Ching. The team behind it is not new as it is the same team that was once working on the controversial “Diem” (formerly Libra) project that never saw the light…