Aptos Blockchain - Everything About Aptos Crypto

Josephozioma Olorondu
3 min readOct 20, 2022

--

Blockchain is a virtual ledger that stores information about cryptocurrency(opens in new tab) transactions, which makes it possible to create a transparent and accurate records of crypto transactions.

It track and verify information about crypto transactions, including who has rightful ownership of an asset,coin or Token.

What Is Aptos?

Aptos (Ohlone for "The People") is an unincorporated town in Santa Cruz County, California. It compromises of small villages. which together form Aptos: Aptos Hills-Larkin Valley, Aptos Village, Cabrillo, Seacliff, Rio del Mar, and Seascape.

What Is Aptos Layer1?

Aptos Layer1 blockchain aims to solve so many aspects in blockchain, which are stability,scability, usability and it's security lacking an EVM - based blockchain.

An EVM- based blockchain has the functionality to add custom blockchains. As long as it can run an EVM. This will mean you can use the same crypto address on more than one blockchain.

Aptos Blockchain?

Aptos is a new, independent project to fulfill our vision of delivering the safest and most production-ready blockchain in the world.And is building a safer layer1 blockchain. Aptos mission today is to create a more decentralized ecosystem that will be beneficial to the people. Aptos is under the etherum blockchain ERC 20 network, and it said to be the next solana.

Just like the etherum blockchain testnet,Aptos is aiming to build it's own layer1 blockchain. It development is still ongoing as more work are been done and yet to be completed.

Aptos Testnet?

The Aptos Testnet, Learn, Build, Evolve - Realizing the Aptos vision together. Aptos Testnet is incentivized and has been launched. Aptos Testnet is Ensuring a production-grade Aptos mainnet.

The Aptos ecosystem is rewarding node operators, developers, content creators, project leaders, and others who help us prepare to launch a secure, reliable & decentralized network.
Aptos Incentivized Testnet 3.
Aptos Labs remains focused on launching Mainnet to bring the community the safest, fastest and most reliable foundation for building within Web3.

Aptos Community.

After some work done on Aptos Testnet,the community decided on working on scaling Aptos to a more decentralized ecosystem.

Aptos Airdrop.

Aptos airdrop distribution is ongoing as the time this article was written,as seen that the aptos token airdroping $500 worth of aptos token to participating members. The aptos airdrop is set to end soon,once it gets to it maximum distribution of it native token by the team.

How To Be Eligible For Aptos Airdrop?

Becoming eligible for aptos airdrop requires every interested investor to become a validator and be amongst those who will test the program,and the validators program requirements are capital intensive.

Aptos Crypto?

Formally in this article,it was stated that aptos is a layer-1 blockchain, looking forward to become a more standard independent blockchain,and can be found under the etherum network also. Aptos is still on the development of launching aptos token and distribution of it native token on form of an airdrop.

Aptos Nft

Aptos community are looking into creating Aptos Nft, as it will soon be launced anytime soon.

Aptos Wallet.

Petra is a native wallet developed by the Aptos Labs team. Users can install the Google chrome extension and use it to store and transfer digital assets, create and hold NFTs, and interact with DApps on Aptos.

Aptos Crypto Price.

The current price is $9.16 per APT as of the time of main launch. The Aptos token got listed on various exchange like: Binance, kucoin, bybit, gateio and many more.

As it is seen Aptos Crypto has been launched already. Currently Aptos is trading on coinmarketcaps, coingeko e.t.c.

Is Aptos A Proof-Of-Stake?

Aptos token a layer 1- blockchain is built on a Proof-of-Stake (PoS) consensus mechanism,which allows investors to stake tokens and earn reward for holding aptos token.

Aptos Tokenomics.

Aptos is a new ecosystem, like Polkadot/Cosmos. Most of the funds (tokenomics has not yet been announced) will be spent on the development of aptos,as we await more announcement from the team. Aptos community is set to build a staking protocol for holders of aptos token.

Conclusion:
Aptos token has not been listed on Coinmarketcap caps yet. Speaking of it's airdrop and becoming a validator,every enthusiast who has huge capital can become a validator and participate in the Testnet or aptos before the main launch. Airdrop distribution has not been officially launched,as investors await the aptos token.

--

--

Josephozioma Olorondu
Josephozioma Olorondu

Written by Josephozioma Olorondu

Crypto & Blockchain Technology Content Writer | Blockchain Technology Educationist/Tutor / DeFi Analyst

No responses yet