Grateful for the chance to testify at today’s @HouseAgGOP hearing. I shared why digital assets go far beyond speculation - they’re powering a new kind of infrastructure: one that’s transparent, programmable, and accessible to all. Just as the U.S. became the hub for Internet-based innovation, I believe it will also lead the next era of the Internet—if we provide developers with clear, thoughtful guidance and responsible regulation.
It's very impressive to see such a united committee working so hard to advance U.S. leadership in the blockchain revolution.
See you tomorrow @houseagGOP for the committee hearing on American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework
Honored to be asked to testify in front of @houseagGOP for their committee hearing on American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework on 6/4 (Wednesday).
Market structure legislation is an important step forward and I’m looking forward to sharing how @AptosLabs and the broader L1 ecosystem can power this next era of the decentralized Internet.
Depin has two large on-chain components: payments and coordination.
Payments on-chain can be from clients to depin service providers or internal payments between service providers. As an example, WiFi access charged by the minute, paying to use compute/storage, paying people for sharing traffic data, etc. Real-time on-chain payments need to be extremely reliable, fast, and scalable. This is why rAPTr, Zaptos, Block-STM, Move, and more.
In a typical distributed system, machine management is handled by a coordination layer such as ZooKeeper or etcd. Coordination layers support leader elections, leader rotation, data migration, distributed locks, and failover for machine loss. I’ve had the joy of rebuilding this infrastructure many times - lots of fun each time.
A decentralized distributed system can leverage a blockchain for the same purpose. However, these types of transactions are typically much more expensive compared to their traditional counterparts. For example - you might have a decentralized AI training cluster of thousands of machines reporting their health to the blockchain every second.
These scale & data obstacles are harder to solve and we why we don’t see depin apps trying to do coordination on blockchains. It’s why Aptos is built for such extreme scale and continuing to push boundaries with Shardines and other cutting edge tech. Innovators will coordinate their applications here.
The global trading engine is the base layer for everything that blockchains will do in the future. Still early, but the path is clearly lit and innovation is coming fast.
It’s clear that building the global trading machine is the top priority for web3 applications.
Blockchains are perfect for small amounts of data and quick computations - exactly what a global trading engine does. As the blockchain that is relentlessly designed for trading assets, @Aptos tech is made to power asset movement as quickly and efficiently.
Fastest decentralized block times at 130ms and going sub-100ms soon.
Zaptos is the optimal blockchain pipeline to minimize user finality.
Shardines scales shared state to the moon.
rAPTr is the highest throughput and lowest latency protocol to date.
Aptos Build accelerates Move development and has the fastest and most powerful web3 builder environment available.
Aptos connect and @PetraWallet make user access a breeze.
Next-generation apps like @hyperion_xyz and live apps like @Merkle_Trade @ThalaLabs can leverage all this tech provide the best possible decentralized customer experience.
Innovative builders are already testing new scale and new ideas. 2025 will have unprecedented announcements incoming.