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Coinbase announced that it will add support for Aptos ($APT) on the Aptos network. Trading will begin if and when liquidity conditions are met. Once sufficient supply of this asset is established Coinbase will announce the impending launch of trading on its APT-USD pair in phases.
What is Aptos?
Aptos is a PoS Layer 1 blockchain that aims to become the safest and most scalable blockchain in the world. The Aptos blockchain leverages the Move programming language and the Move VM for application development, which are created and optimized for blockchain use cases. $APTOS is used to pay for gass fees on the Aptos Blockchain.
Aptos is a horizontal scaling solution, aiming to create a high-performance general-purpose monolithic layer 1 blockchain like Solana. Its highlight is achieving parallel processing at the execution layer. The technology is Block-STM (Software Transactional Memory).
Transactions on Aptos are initially ordered and processed in parallel with an optimistic assumption that every transaction is independent. After initial execution, transaction results are validated. During validation, if a transaction is found to be dependent upon a preceding transaction. The transaction will be re-executed and its result updated. This process repeats until all dependent transactions are uncovered and re-executed. Block-STM can continuously estimate the potential dependency of a transaction to minimize the chance of re-execution.
An advantage of Block-STM’s mechanism is that it does not require users to declare a transaction’s dependency upfront, allowing smart contract developers to have an easier time on Aptos.
Aptos’ approach to parallel processing and blockchain scaling is novel but in line with popular blockchain design today. For example, Aptos is still a blockchain and it records transactions on the basis of addresses.
For more information about Aptos, please check https://tokeninsight.com/en/coins/aptos/overview
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