In this week’s Wealth Mastery Coin Review, we’ll discuss the following topics about Aptos Crypto:
- What is Aptos?
- Incentivized Testnet
- Move Programming Language
- Parallel Execution Chain
- What is Aptos used for?
- What is an APT coin?
- How to buy Aptos coins?
- How to buy APT using Binance?
- How to buy APT using Coinbase?
- How to buy APT using FTX?
- Is APT a good investment?
What is Aptos?
Aptos (formally Libra Coin) is a new Layer-1 Blockchain purchased and developed by The Aptos Foundation. More questions about Aptos come up when you learn about its questionable origins as Facebook’s Libra Coin.
Sold and rebranded to Diem in 2020, Libra Coin has still made its way into the world. It’s just called Aptos now. Being called the Solana killer, it’s time to put those words to the test and see if there’s any truth to these claims.
Our Weekly Wednesday Airdrop included the Aptos Testnet back in July for Premium Wealth Mastery Subscribers. Netting you over $1,000 in free APT coins. Unfortunately, users will not receive all these tokens at once. Something we’ll get into a bit later, as Airdrop coins are subject to a time lock, getting a thousand dollars for free is nothing to scoff at. Aptos claims they’ve been designing the blockchain for 3 years and have over 350 developers working on it. In reality, there have been 160 documented contributors to Aptos. But, only a dozen individuals have continually contributed to the development. If we compare this to Solana, we will get almost identical results with around a dozen developers actively working on Solana. So while some of Apto’s claims we’ll find are far from reality, some align with the capabilities their competition is working with. Solana has suffered from chain-breaking problems after chain-breaking problems. With wallet exploits, network clogging, and frozen transactions. Solana’s underlying tech, “Proof-of-History Explained,” has suffered 15 network outages since its release. In January 2022, Solona was inoperable for 9 days. No wonder someone else is looking to cash in on this failure. But is history getting ready to repeat itself with Aptos?
Aptos is referring to this new technology as a “Future-Proof” network. Aptos is said to be capable of evolving past the challenges facing the future of blockchain ( (See “What is the Blockchain Trilemma.”) This is a bold statement for a project that hasn’t accomplished any network effects. Even more so for a project plagued with development issues since its beginning. To the point where workaround documentation was published to bandage many underlying errors. Telling us that this project is far from ready to store and transfer any amount of capital safely. Not that this isn’t the case for many, many other blockchains. It’s just that the community is already calling out Aptos for moving too fast and not thoroughly testing the limitations of its software before launch. To be fair, Aptos didn’t have three separate testnets for no reason. But they haven’t earned the right to call it reliable just yet, with the race to get a launchpad up and running already underway. Aptos is moving faster than many are comfortable with. Claiming transaction speeds 2x that of Solana with nothing to back up those claims. Has put Aptos in the hot seat already.
Incentivized Testnet
Testnets are a vital part…
Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
