‘Performing as anticipated’ — Aptos Labs defends day 1 criticism


After 4 years of growth and tens of millions in funding, the layer-1 blockchain Aptos (APT) lastly launched its mainnet on Oct. 17, albeit to considerably combined reception.

The proof-of-stake (PoS) blockchain has seen tens of millions invested in it from enterprise capital corporations and has beforehand claimed the power to course of 160,000 transactions per second (TPS).

Nonetheless, some members of the group have identified that the claimed TPS is falling far in need of expectations on the mainnet.

In line with Aptos’ blockchain explorer, the community is seeing round 4 TPS on the time of writing, whereas some customers on Twitter have reported not with the ability to ship transactions.

Others on Twitter seen the Aptos Discord was closed for a couple of hours after the launch of the mainnet, accusing the staff was trying to cease dialogue round potential launch points.

Cointelegraph reached out to Aptos for remark and was directed to a “Day one replace” tweet by Aptos on Oct. 18. 

Within the tweet, Aptos mentioned the community is “performing as anticipated” with exercise rising as extra ecosystem members be a part of. Cointelegraph was in a position to view a wide range of transactions from customers utilizing its blockchain explorer.

Day one replace:
In the present day has been thrilling. Thanks for all of the help!

The Aptos community has been performing as anticipated and can see elevated exercise as ecosystem tasks onboard and get going.

— Aptos (@AptosLabs) October 18, 2022

Aptos additionally mentioned it closed feedback on its Discord and Telegram channels to “shield the group from scams” and they’ll “return to regular when applicable.”

The tokenomics of Aptos will not be but publicly accessible, main some to quote considerations that cryptocurrency exchanges similar to Binance and FTX are itemizing its token with out such data accessible to their prospects.

Associated: Court docket partially denies Aptos Labs’ movement to dismiss Glazer’s $1 billion lawsuit

Aptos has seen tens of millions invested from enterprise capital corporations, with the newest spherical of funding in July netting Aptos Labs $150 million. A previous spherical in March raised $200 million with members together with Andreessen Horowitz (a16z), FTX Ventures and Coinbase Ventures.

Aptos Labs was created by former Meta workers Mo Shaikh and Avery Ching, who have been concerned within the failed Diem blockchain venture, which wound down ​​in February of this 12 months and offered its mental property and different belongings.

The blockchain is constructed on a programming language initially developed for the defunct Meta-built Diem blockchain.


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