THELOGICALINDIAN - Aptos while not starting from blemish is a new blockchain actuality developed by Diems above builders
Aptos, a new Layer 1 blockchain congenital by abounding of the key developers aforetime from Diem, Meta’s recently-abandoned crypto project, was appear today.
New Layer 1 Announced
There is a new adversary in the Layer 1 acute arrangement space.
Developers of Meta’s Diem blockchain announced the Aptos blockchain today. The Aptos aggregation bills its blockchain as a adventitious to bear on its “vision of carrying the safest and best production-ready blockchain in the world.” It additionally attempts to abode issues of the blockchain trilemma that holds aback all-encompassing acceptance of decentralized networks.
Aptos’ CEO Mo Shaikh wrote in a blog post: “We are the aboriginal creators, researchers, designers, and builders of Diem, the blockchain that was aboriginal congenital to serve this purpose. While the apple never got to see what we built, our assignment is far from over.”
Aptos will be based in allotment on what the above Diem aggregation associates formed on back 2024: the new blockchain uses Diem’s coding language, alleged Move.
According to CoinDesk sources, the accumulation is targeting a $200 actor accession for a $2 billion valuation, with a16z reportedly involved. Apparently, the activity is sometimes pitched to investors as “Libra after Facebook,” and the aggregation will ambition NFTs as a prime starting point rather than a stablecoin.
Shaikh emphasized the newfound adaptability of the Aptos team, post-Meta, as they accept been able to “ditch authoritative red tape” and body an “entirely new network.”
The Aptos devnet is slated to barrage in weeks, anon followed by the testnet. The Aptos mainnet is actuality able to barrage after in 2022.
It was alone aftermost ages that Meta (formerly Facebook) announced the auction of its Diem technology for $200 actor to Silvergate Capital Corp, a California-based bank. This followed years of Meta actuality affected to action authoritative challenges over its stablecoin plan for Libra, which would after be rebranded to Diem.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and several added cryptocurrencies.
