Aptos -Blockchain for Web3

Monday, July 29, 2024 3:57 AM UTC

Aptos is a layer 1 blockchain developed by Aptos Labs. It is considered a Solana killer.

It is comprised of a set of validators that jointly receive and process transactions from users using a byzantine fault-tolerant (BFT), proof-of-stake consensus mechanism. A validator can be active and participate in consensus.

Clients are any part of the system that needs to submit transactions or query the state and history of the blockchain. Clients can choose to download and verify validator-signed proofs of queried data. Full nodes are clients that replicate the transaction and blockchain state from the validators or other full nodes in the network.

Move is a new smart contract programming language with an emphasis on safety and flexibility. The Aptos blockchain uses Move's object model to represent its ledger state and uses Move code (modules) to encode rules of state transitions.

It drastically reduces the Web3 learning curve and enables developer experience with unprecedented ease. The move allows developers to write programs that flexibly manage and transfer assets while providing security and protection against attacks on those assets.

Ledger State -

The ledger state of the Aptos blockchain represents the state of all the accounts. The ledger state is versioned using an unsigned 64-bit integer corresponding to the number of transactions the system has executed.

Aptos features-

Transaction per second 4200

Block time finality- less than 1s

APTUSD prices pared some of its gains after a minor pullback. It hit a high of $7.36 and is currently trading around $7.06. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).

The near-term resistance is around $8, any indicative breach above will take the pair to $8.60/$10. On the lower side, immediate support is $7.35, and any violation below targets $7/$6.31/$5.80.

Indicators ( Daily chart)

Directional movement index - Neutral

It is good to buy on dips around $7.55-57 with SL around $6.30 for TP of $13.