The deployment of the Aptos blockchain has been a bit laborious since its launch. The project is encountering difficulties related to a limited number of transactions per second compared to competing blockchains, in particular those of Ethereum or Solana. Regarding its system for issuing tokens, it too can still be improved.
What exactly is the Aptos blockchain?
The Aptos blockchain or rather the Aptos project was initially designed as a division of the Meta company.
As interest in cryptocurrencies grew and real decentralized finance began to really take hold in 2019, Meta decided to experiment with blockchain technology.
This is how Meta designed Libra, which was later named Diem. This blockchain was licensed and had its own native stablecoin.
However, the project did not come to fruition. However, Diem gave ideas to other developers which led to the creation of Aptos and the Aptos blockchain, a Layer 1 blockchain using Diem’s parallel execution technology.
This blockchain technology is a mechanism through which separate transactions are processed and validated simultaneously; which is not the case for the majority of blockchains that use sequential execution.
Sequential execution has many strengths, but also weaknesses. Among them, we note that the network can quickly become congested, which leads to delays in the validation of transactions and “blockages”, a bit like a traffic jam with stopped or idling vehicles on a highway.
Thus, parallel execution such as the implementation by the Aptos blockchain can reduce this problem by processing a large number of transactions simultaneously, which has the positive consequence of decreasing the waiting time for the different users who have launched transactions. transactions within a short period of time.
Aptos: the future of a controversial blockchain
The question that many crypto investors, developers, and business owners are asking is whether the Aptos blockchain could ever surpass another major top-tier blockchain like Solana or Ethereum.
Although the Aptos blockchain is still in its infancy, many are optimistic about its potential to establish a blockchain well-suited to new smart contracts.
Thus, the Aptos blockchain could be a serious rival to Solana in particular, because its platform has the potential to become essential for the launch of blockchain applications and DeFi protocols. However, it should be noted that in the past, several blockchains had the potential to become the new leaders.
However, they have never really been able to dethrone the undisputed leaders that are the Bitcoin blockchain and especially the Ethereum blockchain.
Also, the Aptos blockchain can count in the crypto ecosystem in the more or less long term, but will not replace the giants already in place anytime soon.
Will the Aptos blockchain succeed in establishing itself as the best blockchain on the crypto market?
For the moment nothing is less certain. Indeed, it would seem that users of the Aptos blockchain have noticed problems related to the speed of transactions made on the Aptos blockchain.
Aptos blockchain users have further reported that they cannot connect to validators who are major players in the ecosystem since they are in charge of validating transactions.
Additionally, Aptos plans to issue the rest of its tokens over the next decade, which makes the tokenomics of the Aptos project quite peculiar.
Finally and to conclude, the company Aptos announced that the tokens of first-time investors would be locked for 4 years.
Also, the APT tokens that are blocked cannot be traded or sold before this date, which has had the effect of discouraging many investors who might have been interested in the Aptos blockchain and the project more generally.