Aptos is a promising layer 1 blockchain, but its reputation was ruined by its association with FTX and Sam Bankman Fried. Can Aptos recover?… and does it have what it takes to be a competitive layer 1? Today I’m getting to the bottom of Aptos, and making a case for its potential to move in the next bull run.
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0:00 Intro
0:19 Aptos Launch and FTX
1:12 Aptos investors
1:41 Super fast
1:52 Cons
3:09 Pros
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Apdos is a promising layer one Blockchain but its reputation was ruined By its association with FTX same Maitland freed adapters recover and does It have what it takes to be a Competitive layer one well today I'm Going to get to the bottom of Aptos made Case for potential move in the next Bull Run let's get it Welcome to bitboy crypto my name is Ben Make sure to smash the like button on This video And subscribe to the channel So let's talk about Aptos what happened With the Aptos launch and what did it Have to do with FTX in July back when Sam bankman freed still had the wool Pulled over everyone's eyes afterwards Received a 150 million dollar series a Funding round from Sam and FTX launch Had a rocky start say the least the Token price plummeted almost immediately And the promise lighting fast speeds Removing at a glacial Pace even though Aptos only released his tokenomics one Day before its tokens had exchanges FTX One with binance offered Perpetual Futures contracts for Aptos right out of The gate some even speculated the FTX Shorted Aptos like it's been known to do With other projects launched on the FTX Platform since we covered this part Already click the link Down Below in the Description for more on that long story Short despite the promising attack and
Speed of Aptos like ICP it was taken Advantage of and uses a VC pump and dump Big surprise there's no secret as apto's Tank because of its association with SPF After has released a statement on November 9th that helped the price of of Covers as they clarified that no Aptos Treasury was being held by FTX doesn't Mean FTX wasn't one of aptos's biggest Investors they also had funding from Three arrows Capital before it went Bankrupt coinbase Ventures paxos and Others all told it raised almost 200 Million dollars from hedge funds and VCS So even though there might have been bad Actors in play the question is is there Enough cash flow to really make this Blockchain successful yes thanks to the Block STM parallel execution engine Address can theoretically process up to 160 000 transactions per second but that Doesn't mean there aren't things that Could hold it back either actually it's A project with a laundry list of pros And cons so let's go over the cons first First is the Aptos token transactions Per second we're not even close to what It could be when it first launched where It was only at four TPS it did speed Back up once the ecosystem grew but to Say that apt got wrecked by FTX well it Was a bad start for the coin as an Inflationary Supply I mean that as it Stands right now more tokens can and
Will be created which could affect his Long-term value the initial distribution Was spread among the community core Contributors foundation and investors Six months after the listing more tokens Will be released and although a lot of These tokens are locked it's still Possible to stake them this means block Tokens can still receive rewards which Can be sold and caused downward pressure On the price some investors are Concerned that the valuation is no Longer four billion dollars after Everything that's happened without just Post launch including the value of the Token taking a nosedive and FTX and Thrier's capital going Belly Up others Question whether the Aptos team Benefited somehow from the chaotic Launch and whether it's doomed to suffer The same regulatory overreach is Libra And diem although in my opinion this is Comparing apples and oranges because Outside of Facebook this is more like Another blockchain project where before When Libra was being developed under Facebook things were just more Complicated now the good news the Biggest selling feature of the Astros Blockchain and its token apt is the Project's code use its own virtual Machine which is a for rare find first After it separates itself from the a Feel by using parallel execution this is
Where the speed comes from this is when The transactions are performed Simultaneously and they're validated Later down the line more like a shoot First ask questions later type A Blockchain compared to sequential Blockchains flexible meaning that Platforms can choose to manage Concurrency or not to manage it Concurrency just means whether different Parts of a program or algorithm can be Executed out of order without affecting The final result you might have heard of Sui the blockchain currently in Development that also uses move the Difference between Aptos and swedes is That with Aptos you don't manage Concurrency and Suite developers have to Manage concurrency themselves this means The Aptos is faster and sweet is more Flexible Aptos uses a classic blockchain Approach where validators order and Batch transactions and so he uses Directed as cyclic graph adds a little Technical but now you're ready to bring Out the big guns when someone asks you What you think of sweever Zapdos apdos Is undeniably Cutting Edge research and Development like I said earlier solid Devs can easily move to move without Issue just invited it's Rocky start Thanks to Sam in the Gang feel adoptos Can come out of this on time don't Forget this coin is pegged as a Solana
Killer sure they're both VC projects but Outdoors can process has 95 000 more Transactions per second than Solana and It hasn't had a deal with the outages Like Solana has either no matter how you Look at it after this is on The Cutting Edge of blockchain technology and one That has the potential to move in the Next Bull Run it's what I'll be watching For sure that's all I got be blessed bit Way out [Music] [Music]
