HomeNewsAltcoinsAptos blockchain shoots Up 130% in just one week as ecosystem expands

Aptos blockchain shoots Up 130% in just one week as ecosystem expands

Alternative crypto project Aptos (APT) that has set its sights on becoming a top competitor to established smart contract platforms like Ethereum and aiming to surpass the lightning-fast transaction speeds of Solana (SOL), has recently emerged as the top performer among the top 100 crypto assets by market capitalization, registering substantial gains over the past week.

The whitepaper describes the new blockchain as:

“…designed with scalability, safety, reliability, and upgradeability as key principles, to address these challenges. The Aptos blockchain has been developed over the past three years by over 350+ developers across the globe. It offers new and novel innovations in consensus, smart contract design, system security, performance and decentralisation. The combination of these technologies will provide a fundamental building block to bring Web3 to the masses.”

Currently, Aptos (APT) has seen an increase of 109% in the last 7 days, reaching an all-time high of $8.67 after experiencing a low of $3.76 just a few days ago. At one point, the cryptocurrency was even up by 130%.

The Aptos blockchain utilizes a programming language called Move, which was initially developed for Diem, a crypto project that was previously undertaken by Meta but has since been abandoned.

The Aptos chain aims to further the original objective of Diem, which is to create a high-speed and scalable blockchain that is user-friendly and accessible to a wide range of individuals.

The Aptos ecosystem is experiencing a surge of activity, with a variety of projects and milestones emerging. One such example is Atomic Wallet, a globally-used self-hosted cryptocurrency wallet, that has recently announced its support for APT holders.

Furthermore, Flow, a blockchain platform created by the developers behind the renowned Ethereum-based game CryptoKitties, has adopted Jolteon, a coding protocol developed by the leaders from Aptos, showcasing the growing interest and acceptance of the Aptos ecosystem.

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