Buy Aptos (APT)

Aptos is a layer 1 blockchain that aims to provide a secure, scalable, and upgradeable infrastructure for Web 3.0. The blockchain addresses some of the major challenges within the blockchain industry.

The core of Aptos is to solve scalability and security issues that are common in existing blockchains. To achieve this, Aptos uses innovative technologies and a unique blockchain architecture. Aptos users benefit from fast and secure transaction processing, as well as a flexible and upgradeable platform that can adapt itself.

APT is the token of Aptos and plays an important role in the ecosystem as it is used to pay transaction fees, governance and as a reward for participants who support the network.

Who founded Aptos (APT)?

Aptos was founded by Mo Shaikh and Avery Ching, both former Meta employees with years of experience in the blockchain industry. They were involved in the development of the Diem blockchain for Meta (then Facebook). Aptos Labs is the current team behind Aptos and now consists of more than 350 employees.

Aptos various applications and functionalities that are suitable for developers, crypto traders and end users. Some of the possible uses include:

• Smart contracts: Developers can program smart contracts and develop applications.
• Decentralized Finance (DeFi): The Aptos blockchain is home to several DeFi projects, including decentralized exchanges and stablecoins.
• NFTs: Parallel transaction processing allows Aptos to efficiently process NFTs. Aptos’ TypeScript SDK lets users develop their own scripts for NFT minting.
• Staking: Users can stake APT tokens to support secure transaction processing and earn rewards.

The Aptos blockchain uses a Proof-of-Stake (PoS) consensus mechanism in combination with a Byzantine Fault Tolerance (BFT) system that analyzes the state of the blockchain and automatically updates the validators. Within the network, validators handle transaction processing; partly due to this mechanism, as well as the various scaling solutions, Aptos is able to process up to 160,000 transactions per second.

Block-STM technology

Aptos uses Block-STM technology that enables modular transaction processing, facilitating multiple transactions processed in parallel, which improves the speed of the blockchain. If a transaction cannot be executed, the blockchain is not interrupted and the processing of other transactions can continue.

The modular model provides high throughput and low latency, but also allows the network to be upgraded without interrupting the blockchain.

In addition to modular transaction processing, Aptos also uses sharding to improve scalability. Sharding allows the network to be divided into smaller parts that function independently of each other.

Smart contracts

Aptos’ support for smart contracts makes it suitable for a wide range of Web 3.0 scenarios, including DAOs, NFTs, and decentralized exchanges. The blockchain uses the Move programming language, originally designed for the Diem blockchain and based on Rust, which allows developers to build smart contracts and DeFi applications.

Among other things, the high transaction speed and innovative scaling solutions make Aptos unique. These are the main features that distinguish Aptos from other blockchains and cryptocurrencies:

• Move programming language: Aptos uses Move, an efficient and secure programming language designed for blockchain applications.
• High transaction speed: Aptos can process up to 160,000 transactions per second, outperforming many other blockchains in speed and efficiency.
• Modular transaction processing: Modular transaction processing makes the network more efficient and provides higher throughput and lower latency.
• Innovative scaling solutions: Sharding and other scaling solutions improve the performance and scalability of the Aptos network.

What's the difference between Aptos and Ethereum?

Although Aptos and Ethereum are both decentralized networks and cryptocurrencies, they do have some key differences. Aptos uses Move as its programming language, while Ethereum uses Solidity. Both blockchains use Proof-of-Stake for consensus, although Aptos’ network offers higher transaction speed and scalability compared to Ethereum. Aptos has implemented several scaling solutions on its own, while Ethereum primarily uses external scaling solutions for faster transaction processing.

You can purchase Aptos at Bitvavo. Our Dutch exchange is accessible for both beginners and experienced traders. Follow these steps to buy APT coins:

1. Log in to your Bitvavo account or register as a new user.
2. Deposit money into your account by clicking "Deposit".
3. Go to the Aptos buy page.
4. Enter the amount in euros or specify the number of Aptos coins you want to buy and confirm with "Buy".

After purchase, your Aptos tokens will be automatically added to your Bitvavo account. Selling APT is just as easy allowing you to quickly react to price changes.

Aptos can be stored safely in your Bitvavo account where the majority of customers’ digital currency is stored in offline cold wallets for optimal security. We recommend activating two-factor authentication (2FA) as an extra layer of security.

Need to store your Aptos tokens in another wallet? Customers can also store their APT tokens in personal software or hardware wallets that support ERC-20 tokens. Simply add your external wallet address to your Bitvavo account to securely transfer your Aptos tokens.