Question 1

What is APTOS?

Accepted Answer

Aptos is a Layer-1 blockchain developed by Aptos Labs, in collaboration with Meta, with the vision of accelerating the mainstream adoption of blockchain technology to the masses. Considered by some as “the Solana Killer”, it presents itself as a reliable, safe, upgradable and scalable network that empowers an ecosystem of decentralized apps (DApps) that aim to resolve the real-world issues currently faced by web3 users. Its native cryptocurrency is APT.

Question 2

How does APTOS work?

Accepted Answer

The Aptos Network is a proof-of-stake (PoS) blockchain based on a smart contract programming language known as “Move”. The consensus mechanism, known as AptosBFT, is a complex fault tolerant mechanism - meaning that it retains functionality even in the event of component failures and trustlessness - making it highly stable. In theory, the technology supporting the Aptos blockchain can handle over 150,000 transactions per second (TPS) making it one of the fastest blockchains in terms of transaction speed.

Question 3

When was APTOS created?

Accepted Answer

Aptos was launched in October of 2022 and is the culmination of the ideas of Mo Shaikh and Avery Ching (both formerly employed by Meta). Between them, they have many years of experience in industries such as blockchain technology, cryptocurrencies and the financial sector.

Question 4

How do I purchase APTOS?

Accepted Answer

The Aptos (APT) cryptocurrency is available for purchase in a variety of ways. Major centralized exchanges (such as Binance, Coinbase, Kraken and KuCoin) will allow you to purchase APT with fiat currency. Other options include purchasing Aptos via one of their native crypto wallets (such as Martin and Petra), or via decentralized exchanges (DEXs) such as Pancakeswap.

Question 5

What makes APTOS so popular?

Accepted Answer

It’s high theoretical TPS throughput is facilitated via a parallel execution engine (known as Block-STM) which differs from the mechanisms of other PoS blockchains. In simple terms, most blockchains process transactions by following a sequence - whereas Aptos processes transactions simultaneously. If a transaction fails - it is re-executed or aborted until it is successful or re-initiated. This allows it to process transactions at much greater speeds than its competitors.

Question 6

Why choose APTOS for NFTs?

Accepted Answer

As a relatively new blockchain, people may be hesitant to built long-term NFT projects on Aptos. But its high TPS, high levels of reliability & safety, and a community that places an emphasis on driving the metaverse forward make it an ideal platform to begin an NFT project. One key aspect is the speed at which NFTs can be minted on the Aptos Network - with the capacity to potentially mint millions within the space of an hour!

Question 7

How strong is the APTOS Ecosystem?

Accepted Answer

Aptos has a market cap (MCAP) of $1 billion as of January, 2023. It also had more than 50,000 daily active addresses (as of Nov. 2022). At it’s all time high (ATH) the APT cryptocurrency price reached $10,73 (in Oct. 2022). Being closely associated with Meta (the company behind some of the biggest names in the world including Facebook) the Aptos network has massive room for growth and future adoption. Due to its functionality - it is an idea blockchain for metaverse development.

Question 8

What are the price predictions for APTOS by 2030?

Accepted Answer

Based on current price predictions, potential future use cases, updates and market conditions - Aptos (APT) is projected to hit a price range between $19 and $48 by the year 2030. These price predictions are subject to constant change.

Upcoming APTOS NFT Drops

Aptos is a Layer 1 blockchain created for safe development, and built with user experience as a core focus.

Upcoming NFT Drops