Is this the L1 that is finally secure + scalable enough for widespread adoption?
Aptos does have quite a few things going for it which imply it could:
- An all-star team with former Diem blockchain engineers and is led by Mo Shaikh + Avery Ching - two proven men with extreme technical competence.
- Raised a whopping $350 million through 2 rounds of funding so the project has a very deep war chest.
- Uses the unique programming language Move, which was previously developed by Diem.
- Its chain uses PoS with BFT consensus and Block-STM technology to run parallel executions for greater efficiency to achieve a very high supposed TPS.
However there is a big skeleton in this project’s closest which do put me off it. One of them is the fact FTX Ventures played a big part in the projects funding, meaning Aptos has intricate ties to FTX and SBF - links no crypto project wants to have.
On top of that Aptos has very poor tokenomics. A large allocation is dedicated to its developers and Aptos Labs itself. Aptos also showed a big lack of transparency by initially not releasing their tokenomics until the project launched its mainnet. This also stands out to me as a red flag. Show Less
