What is the Aptos blockchain and how does it work?

What is Aptos?

Aptos is a third generation blockchaindesigned specifically for enterprise use cases. It is a platform focused on providing solution to business needs, making it faster, more secure and flexible than most of its competitors, to provide an ideal infrastructure for product and service development.

Aptos is a high-speed, low-fee blockchain designed to offer solutions to large enterprises and improve Web3 adoption among users of traditional technologies.

A clear example of this enterprise approach is its enormous scalability. According to its developers, Aptos is capable of processing about 120,000 transactions per second (TPS)., a number much higher than Bitcoin (7 TPS) or Ethereum (29.33 TPS), even higher than VISA (24,000 TPS).

The platform has the capacity to manage advanced smart contractsthanks to the use of a new generation programming language, known as Move, which was developed by Facebook (now Meta), for its Libra/Diem cryptographic project.

Thanks to Move, in addition to smart contracts, Aptos can manage all types of fungible tokens (under Ethereum’s ERC-20 standard) and non-fungible tokens (under ERC-721 and ERC-1155 standards).

Aptos and Meta

One of the characteristics of Aptos is its linkage with Meta, as it has borrowed much of the stack Libra/Diem technology stack to build its proposal. This is because much of the Aptos team was working on the development of Facebook’s failed crypto ecosystem.

Notable among the features it has borrowed from Meta’s product are the. Block-STM parallel execution enginewhich makes transactions faster, as well as certain high-level security features and a reduced transaction cost system.

Block-STM, the key to Aptos scalability.

Block-STM is the technology that makes it possible for this blockchain to be able to have more scalability than traditional payment networks such as VISA, it is also responsible for providing Aptos with the ability to manage smart contracts.

This engine allows transactions to be much faster, as it executes them in parallel, which means that a failed transaction will not stop the whole chainwhile increasing the processing capacity of the network.

Block-STM is also capable of reducing the number of transactions and making them more efficient by ordering and by treating them as single blocks of data and atomic, reducing costs and lowering latency for users.

Move, the programming language of Meta

Another feature of Aptos is Move. It is an open source programming language. developed by Facebook during the creation of Libra/Diem and is specific to blockchain applications.

It is a very flexible language and has unique features designed to make it difficult for hackers and malicious actors to control the blockchain, so it is considered one of the most secure languages for developing blockchain applications.

Aptos, solutions for large enterprises.

A sample of the potential that Aptos has when it comes to offering blockchain solutions to large companies is its recent partnership with Microsoft with the goal of bringing blockchain and Web3 to the masses.

Fruit of this partnership is. Aptos Assistanta chatbot jointly developed by Aptos Labs and Azure OpenAI (Microsoft’s Artificial Intelligence arm) that aims to guide users and developers through the Aptos ecosystem.

For example, a developer with little experience in creating Web3 applications could ask Aptos Assistant how to create and deploy a smart contract on the network and the assistant will explain, with simple and natural language, the best way to do it.

Microsoft and Aptos’ goal with this assistant is to. facilitate and democratize access to the Web3. and blockchain to users and developers in the traditional technology sector (Web2) to enter this new space and develop new use cases and friendlier interfaces that appeal to the general public.

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