🧱 What is cryptocurrency $APT ?
Aptos (APT) is the native token of the Aptos blockchain, a layer 1 network that seeks high performance, security, and a refined user experience. Developed by former engineers of Diem (a project originally led by Meta, formerly Facebook), Aptos was officially launched in October 2022.
---
🚀 Key Features
Parallel transaction execution: utilizes Block‑STM technology, allowing for processing up to 160,000 TPS (theoretically), with rapid block finalization.
Move Language: created to ensure security and facilitate the management of critical resources in smart contracts.
AptosBFT consensus mechanism: combines Proof‑of‑Stake with Byzantine fault tolerance, supporting governance via token staking.
Modular infrastructure: separates the stages of consensus, execution, and storage, facilitating updates without downtime.
---
⚙️ APT Token Utilities
1. Payment of fees (gas fees) for transactions and execution of smart contracts.
2. Staking and validation: users can stake APT to become validators or delegate to existing validators, strengthening the network and earning rewards.
3. On-chain governance: APT holders participate in decisions regarding updates and protocol parameters. #APT