Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
Editor | Hao FangzhouBinanceProduced | Odaily
March 29, according to
BinanceAptosAccording to the official announcement, Binance Labs, the investment arm of Binance, announced that it will invest in the public chain project Aptos Labs. The specific amount is unknown. The two parties will work closely on development, code reviews, infrastructure builds, and hackathons to grow the Aptos ecosystem.
“We share the same vision as Aptos – to build more reliable and scalable blockchains for everyone. Ultimately, blockchains for the masses will be able to drive mass adoption by users across a wide variety of applications and accelerate growth in these areas.” Technological and business innovation. Users can expect a secure and seamless experience on the blockchain.” Bill Qian, head of Binance Labs, issued a statement on the investment.
It is understood that this financing is part of Aptos' latest round of financing. Two weeks ago (March 15),
Announced the completion of US$200 million in strategic financing, led by a16z, with participation from Tiger Global, Katie Haun, Multicoin Capital, Three Arrows Capital, FTX Ventures, and Coinbase Ventures.Aptos is a public chain project initiated by former team members of the Meta (Facebook) stablecoin project Diem. Its goal is to build a more scalable blockchain - faster than today's mainstream blockchain network transactions Low.
In January this year, the Diem project sold the remaining assets (intellectual property and IP, etc.) to Silvergate Capital, the holding company of Silvergate Bank of California, for US$180 million.
On February 24, some of the disbanded project members began to gather and post on social media, announcing the re-development of the network and naming the new team "Aptos Labs". The team, which includes the original creators of the Diem project, researchers, designers and builders, currently totals 25 people, aims to create a new independent project.Unlike Meta's Diem project, which focuses on cross-border payments, Aptos focuses on providing the most secure and production-friendly Layer1 blockchain protocol.
"While the world never sees what we've built, our work is far from over. As a team, we firmly believe that we are the right people to build the most secure, scalable, and broadly accessible network." In In the article, team lead Mo Shaikh talks about the motivation for creating the new project, "Over the years, we have had the privilege of thinking about these issues with some of the brightest engineers in the world. Since leaving Meta (formerly Facebook), we have been able to integrate our put ideas into practice, cut out the bureaucratic red tape, and build a whole new network from the ground up to bring them to life.”
Additionally, the team said it has leveraged the original paper in the Libra white paper to build its improved decentralized network. in particular,
Aptos uses a Byzantine Fault Tolerant (BFT) consensus protocol and the Move programming language.
Byzantine Fault Tolerant (BFT) consensus protocols ensure that complex computer systems continue to operate even if some components fail. Over the past three years, the Diem team has made four iterations of the protocol, further refining the system. “Our protocol clearly separates liveness from safety. Whether the network is unreachable or the non-safety core is compromised in some way, the chain will not fork as long as the BFT honesty guarantee is maintained. The safety of our consensus protocol has been audited and formally verified.”Move language is a safe and reliable smart contract programming language developed by Diem for the blockchain. It is designed for secure resource management and verifiable execution on the blockchain. Its transaction execution is deterministic, closed and measurable of. And, according to the official introduction, the language is suitable for strict auditing and verification processes.
"The Move programming language has been thoroughly battle-tested and is an excellent environment for building secure, production-grade contracts that serve billions of people. We fully expect Aptos to succeed and become an immediate contender in the Layer 1 race .” Multicoin Capital said.Of course, in order to increase the attractiveness to developers,”
Aptos is considering supporting Ethereum development languages including Solidity on its network.A“I have a very close relationship with the Ethereum community. It’s clear that this is a multi-chain world: people have built bridges and solutions either solve scalability problems or be able to go from one L1 to another in pursuit of greater market,” said Mo Shaikh, “
We want to be part of that ecosystem. We're not here to necessarily compete.
For the public chain, the addition of ecological partners is bound to further promote its maturity. According to the official introduction, in the past few months,ptos communicates with hundreds of developers, brands, and companies planning to build next-generation social media platforms, NFT experiences, Web3 games, media and entertainment businesses, payments, DeFi-integrated fintech products, and more on Aptos.“There are many great companies in our community, such as Anchorage, Binance, Blockorus, Coinbase, Livepeer, Moonclave, Paxos, Paymagic, Rarible, and Streaming Fast, who have provided feedback and contributed code on Devnet (developer test network). In addition to In addition to building important tools and strengthening the web, we plan to use our funding to support these groups' journeys in Web3 and help them bring about greater security."
According to the roadmap, Aptos plans to launch the incentive test network and conduct stress tests in the second quarter.
