Aptos today launched its mainnet, dubbed as the culmination of four years of technical development, as well as a $1 billion valuation.
The leading exchange, FTX, an Aptos investor, has already announced that it will list the APT token on Wednesday. Dubbed by many as a potential “Solana killer,” this is the latest high-profile attempt to build the perfect blockchain for smart contracts.
Aptos, an offshoot of the Solana project, launched its own version of the Bitcoin network. Aptos calls itself the first step in a journey to create universal access to decentralized applications for billions of people through a secure, scalable, and modernized blockchain.
Aptos promises to execute 130,000 transactions per second in testing. This is a massive upgrade compared to the 30-per-second transactions on Ethereum.
The affiliate programming language Move, which promotes scarcity and access restrictions, is also critical to the emerging Aptos ecosystem.
The company chose Anchorage Digital as one of its preferred institutional custodians last month after years of working with Diem Digital.