All about Aptos Blockchain



By Fevany



May 31, 2023

MAY 31, 2023


Last updated June 1, 2023

Violet Verse Banner

A little knowledge about aptos blockchain

Aptos is a Proof-of-Stake based Layer 1 blockchain that combines parallel transaction processing with a new smart contract language called "Move" to achieve a theoretical transaction throughput of over 100,000 transactions per second. Aptos was founded by Mo Shaikh and Avery Ching.


Explanation and technology behind Aptos


  • Move Smart Contract

Move is the name of the programming language used in Aptos smart contracts. Move emphasizes security and flexibility in the context of its use.
Later, the ecosystem built using the Move language consists of virtual machines (such as the Ethereum Virtual Machine EVM), code compilers, and other development tools. The Aptos Foundation has the ambition that Move will become "Web3 Javascript".


  • BFT Consensus Protocol

Byzantine Fault Tolerance 
(BFT) is a protocol that supports parallel transaction processing thereby. Reduces latency in confirming a transaction and speeds up transaction processing.


  • Proof of Stake (PoS)

PoS is a type of blockchain consensus where transaction validation is done by a validator that has a certain amount of native coins as collateral. PoS used is the standard PoS as in Ethereum.


Aptos Tokenomics


Aptos has a total supply of 1 Billion coins of which 190 Million coins are already in circulation based on coinmarketcap data.


Diagram below shows 4 entities that received $APT coin allocations

  • Investors of 13.5% or 135 Million $APT
  • Aptos Foundation 16.5% or 165 Million $APT
  • Core Contributors (including developers) at 19% or 190 Million $APT
  • Community (public) 51% or 510 Million $APT


The manner in which $APT is distributed to entities other than 'communities' is still unknown. For the Community itself, $APT was distributed by airdrop to 110,235 eligible wallet addresses at 150 $APT. The total airdrop was 16,535,250 APT or 1.65% of the total supply.


Aptos NFT Marketplace

Last year, Topaz had tried the Aptos testnet to mint its new NFT project. he said that the marketplace received more than 1,000 applications from creators. Topaz is one of the largest NFT marketplaces on Aptos.
Top NFT projects to date is Aptomingos, Aptos Monkey, and Pontem Space Pirates.


More project on Aptos Blockchain


Although PancakeSwap is a Binance Chain project, it is among the top projects in terms of TVL on Aptos Blockchain.

LiquidSwap is also a DEX on the Aptos blockchain that allows users to exchange stablecoins. LiquidSwap uses Layer-Zero to bridge other blockchains to Aptos.


You can buy Aptos on centralized exchanges such as Binance, Kraken, and Coinbase Exchange. If you want to use aptos I recommend using Pontem Wallet, Rise Wallet, Martian Wallet.


Although it is still a relatively new project, Aptos is able to enter the top 50 projects with the largest capitalization of the crypto market due to the concept of the project and its development team. The robust technology and Move programming language implementation means that Aptos can be modified quickly depending on the situation the blockchain is facing.

However, investing in a fledgling crypto project means that investors should be aware of its high price volatility as the project's utility is still narrative and unproven.


More From


More From