Original Author: Zheng Zheng
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Preface - from a16z
a16z
Andreessen Horowitz (a16z) was established in 2009 and has successfully invested in Internet companies including Facebook, Groupon, Skype, Twitter, Zynga, and Foursquare. In 2013, a16z led Coinbase's USD 25 million B round of financing, officially launching its investment layout in the Web3 industry.
According to public information statistics, a16z has invested in more than 90 companies or projects in the Web3 field, including public chains, Layer 2, DeFi, NFT, games, Metaverse, and almost all Web3 tracks. In the public chain track, the 7 projects it invested in, such as Solana, Avalanche, Near, etc., have become the leading projects in the Web3 world. At present, a16z has led the investment of the public chain project Aptos to complete the financing of 200 million US dollars in March 2022. Let us take a look at this project that claims to become"people"Background of the project
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Background of the project
As a Layer1 blockchain, Aptos' vision is to build a more reliable and scalable blockchain for everyone;
Strong founding team:Aptos was initiated by former team members of Meta (formerly Facebook) stable currency project Diem;
Extraordinary achievements in financing:Investors include a16z, Binance Labs, Multicoin Capital, FTX Ventures, Coinbase Ventures and other top VCs;
Farewell to Web2, embrace Web3:project characteristics
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project characteristics
New blockchain language:The Diem team developed the Move blockchain language. Aptos inherited Diem's mantle and was also built by the Move language. Compared with ETH's Solidity language, the Move language has stronger security and reliability. At the same time, Aptos plans to be compatible with Solidity, allowing more ETH blockchain developers can more easily migrate to Aptos.
Stronger fault tolerance mechanism:In the past three years, the team has carried out four iterations of Aptos' consensus mechanism - Byzantine Fault Tolerance (BFT), which has improved the transaction confirmation speed and the stability of the blockchain. When one-third of the verification nodes fail , can still guarantee stable operation.
More efficient scalability:Aptos has set up an effective mechanism to facilitate community voting and fast execution of upgrades. In the past few years, several major upgrades have been successfully executed without downtime, ensuring safe and reliable deployment, thus greatly improving the iteration speed of Aptos. In the ever-changing Web3 world, it has taken the lead in time.
Key replacement:In order to prevent the loss of funds caused by the theft of account private keys, Aptos has set up an account key recovery and rotation protocol, which supports any account to rotate its private key. At the same time, in order to prevent key loss, Aptos is also developing new key recovery technologies that can be directly integrated into the blockchain account model.
Multi-currency gas:Aptos can use multiple currencies to pay for gas, thus avoiding the embarrassment that there is only one non-gas token in the wallet, which leads to the embarrassment of being unable to conduct transactions. The principle is to standardize other tokens into Aptos Coin according to the exchange rate on the chain, and then sort all transactions according to the standardized gas price and confirm the transactions to be executed. Examples are as follows:
-Bob sent a transaction, gas_price is 10, gas_currency is "BobCoins"
-Alice also sent a transaction at the same time, gas_price is 20, gas_currency is "AliceCoins";
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Comparative Advantage
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Aptos public chain ecological construction
Ambitious plans:Over the past few months, Aptos has spoken to hundreds of developers, brands and companies planning to build next-generation social media platforms, NFTs, Web3 games, media and entertainment businesses, payments, DeFi-integrated solutions on Aptos. Fintech products, etc.; there are already many famous companies in the Aptos community, such as Anchorage, Binance, Blockorus, Coinbase, Livepeer, Moonclave, Paxos, Paymagic, Rarible and Streaming Fast. testnet) to provide feedback and contribute code;
Pontem：first level title
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text
Q1 2022 (March 15th) -- Developer Testnet launch (Completed)
Q2 2022 - Incentivized testnet launch (closer to completion)
The third quarter of 2022--mainnet launch (to be launched)
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Impossible Triangle - Decentralization, Security, Speed
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face lawsuit
Summarize
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Summarize
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