Hello everyone, Dardion editorial team here. It sometimes feels like there are barely any good altcoins left to invest in, but today we’re going to shatter that myth by introducing you to one of them—Aptos. With this blockchain’s Total Value Locked (TVL) already over $816 million and a Fully Diluted Value (FDV) of more than $10 billion, Aptos is worth taking a closer look at.
What is Aptos?
Aptos is a blockchain platform for building decentralized applications (Dapps), making their operation simpler and faster. Imagine Aptos as an “operating system” for applications but in the world of cryptocurrencies. While traditional apps run on your computer or phone, Dapps on Aptos operate directly on the blockchain, making them more secure and independent from traditional servers.
Aptos operates on Proof-of-Stake (PoS) technology, a mechanism that secures the network through users who stake their APT tokens and earn rewards for doing so. This approach allows Aptos to be fast, scalable, and cost-effective. Aptos is notable for its high transaction capacity, appealing to creators looking to build smooth, quick Dapps across finance, gaming, and social networking.
Another interesting point is that Aptos actively supports Web3 improvements, meaning the platform is committed to advancing decentralized technologies that transform the traditional internet into a more open and accessible space.
Why is this blockchain useful?
User-Friendliness
Aptos simplifies cryptocurrency use. Unlike many blockchains that use complex wallet addresses, Aptos offers easy-to-remember addresses. Imagine sending funds to a friend and, instead of a long string of characters, you simply use their nickname. This makes the blockchain less intimidating and easier for newcomers.
Scalability and Speed
Many blockchains, especially older ones, slow down with high transaction volumes, becoming costly and sluggish. Aptos solves this with a new algorithm that processes up to 160,000 transactions per second, so even during peak times, the network remains fast, processing transactions in roughly one second.
Energy Efficiency
Aptos uses Proof-of-Stake instead of mining like Bitcoin, making it less energy-intensive and more environmentally friendly. Aptos doesn’t require vast amounts of electricity, which is crucial as the world becomes more conscious of ecological impacts.
Developer-Friendly Tools
Aptos provides ready-made tools and features, allowing developers to build their applications faster and more efficiently. Businesses, for example, can launch Dapps for their customers without extensive resources, thanks to Aptos’s user-friendly features.
How does this blockchain work?
Aptos functions as an “intelligent platform” for crypto projects, providing stability and security through Proof-of-Stake (PoS). Users who want to support the network can “lock up” their tokens to secure the blockchain without needing costly mining equipment. Here are some key Aptos technologies explained in simple terms:
MOVE Programming Language
Aptos uses a new language called MOVE, originally developed by Facebook (now Meta) to create smart contracts—programs that automatically execute specific actions on the network. MOVE allows developers to create applications without being tied to a specific platform, using shared libraries and tools that streamline the development process.
MOVE Virtual Machine (MOVE VM)
The MOVE VM is like a “kitchen” where developers prepare their smart contracts and applications. It’s designed specifically for MOVE, speeding up app creation and increasing security. This virtual machine also helps optimize network resources.
AIT Testnet
Before an application launches, it’s tested on the Aptos Incentivized Testnet (AIT), a kind of “sandbox” where developers debug their projects. Only after successful testing can an application go live for users.
PetraWallet
PetraWallet is a simple crypto wallet, much like a browser extension (similar to Firefox). Here you can store cryptocurrencies, NFTs, and other digital assets. This wallet makes Aptos more accessible to Web3 users, allowing easy blockchain interaction directly from the browser.
AptosNames
In Aptos, you can secure an address ending in .apt, such as your name instead of a random string of characters. This makes it easier to send crypto, reducing the chance of errors like sending to the wrong address—a friendly feature, especially for beginners.
Aptos Explorer
Aptos Explorer is a free tool showing real-time network activity. It allows you to confirm transactions, check balances, and verify projects within the Aptos network, making it easy to monitor what’s happening in the system.
How to Buy APT?
To purchase Aptos (APT), you’ll need an account on a leading cryptocurrency exchange.
Buying via Binance:
1.Create an Account on Binance
- Go to the Binance website and click “Register.”
- Enter your email or phone number and create a password.
- Verify your email or phone with the code sent by Binance.
2. Complete Verification
- Log in to your account and click “Identity Verification.”
- Upload document photos (passport, driver’s license, etc.) and take a selfie.
- Identity verification may take a few minutes to several hours.
3. Fund Your Balance
- In the “Buy Cryptocurrency” section, select your preferred payment method (card, bank transfer).
- Enter the amount to deposit and complete the payment.
4. Buy Aptos
- Go to the “Trade” section and select “Classic” or “Advanced.”
- In the search bar, find the APT/USDT (or APT/BUSD) trading pair.
- Enter the amount and click “Buy.”
APT Price Forecast
We previously released an article on Aptos price predictions up to 2050. Read it below for more details if you’re interested:
Aptos Advantages Over Other Altcoins
- High Performance: 160,000 transactions/sec.
- Secure MOVE Language: reduces errors.
- Instant Transactions: confirmation in 1 sec.
- User-Friendly Addresses: easy to remember.
- Developer Tools: testnet, wallet.
Aptos Drawbacks
- New Technology: time needed for adoption.
- Competition: strong alternatives exist.
- Team Dependency: relies on developers.
- Limited Decentralization: validator concentration.
- MOVE Language Risks: still young.
Conclusion
Aptos is still young, but buying it could strengthen your portfolio. Despite market pressures, the coin shows steady growth. Bullish narratives and technology could potentially drive APT to $100 per coin.
