Aptos -Blockchain for Web3

Aptos is a layer 1 blockchain developed by Aptos Labs. It is considered a Solana killer.

Consensus Mechanism- Aptos uses byzantine fault-tolerant(BFT),proof-of-stake consensus mechanism. Token holders lock, or stake, tokens in their selected validators. Each validator's consensus voting weight is proportional to the amount staked into it. A validator requires a minimum of  1 million tokens to participate in consensus. Aptos uses the BFT consensus protocol for validator nodes to decide which transactions to add to the blockchain.

Major components of Aptos core

Move Language-Move is a new smart contract programming language with an emphasis on safety and flexibility. The move ecosystem contains a compiler, a virtual machine, and many developer tools. Any assets in Move can be represented can be represented by or stored within the resource. The language can define custom resource types that cannot be copied or implicitly discarded, only moved between storage locations. Move guarantees resource, type, and memory safety.

Move Prover- Capable of verifying the correctness of a Move program. It provides additional safeguards for contract invariants and behavior.

Aptos uses decoupling of transaction dissemination block metadata ordering, parallel transaction execution, batch storage, and ledger certification to achieve high throughput and low latency.

Aptos features-

Transaction per second 4200

Block time finality- less than 1s

APTUSD prices are consolidating after a more than 90% surge from Oct low. It hit a high of $9.22 and is currently trading around $8.46. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).

The near-term resistance is around $10, any indicative breach above will take the pair to $13.60/$15. On the lower side, immediate support is $7.35, and any violation below targets $7/$6.31/$5.80.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Neutral

It is good to buy on dips around $7.55-57 with SL around $6.30 for TP of $13.