A description of the distribution of token, how they will function, and when they will be released into circulation is considered bad form by other community members. Asking someone to enter into a contract without setting out all the terms is similar to that.
Many of the criticisms of the launch are dismissed by the CEO of the company. The launch of Mainnet went better than anticipated. He says that the network reached close to 3 million transactions in just two days. This figure is higher than the performance of other networks but lower than that of Solana.
The priority right now is to make sure developers have everything they need to start building applications. He claims that we will only see the impressive transaction numbers when they are made public.
The company is backed by some of the biggest VCs in the world. Although the details of the most recent funding round were not made public, one report pegs its valuation at $4 billion.
According to the tokenomics Aptos, the VC backers are each set to gain a large amount of token. Questions about whether this could skew the economics of the network have been raised. This protection does not apply to staking rewards since they are not equivalent to interest payments. In theory, Aptos backers could make a lot of money by dumping their holdings onto the market and creating downward pressure on the price.
The team had a lot of work to do prior to the launch. He claims that the share is among the lowest in the market today.
The two men worked together on a wallet that supported the Diem stable coin. They refer to the network as the "layer 1 for everyone", a reference to the ambition to develop a network that is easy to use and inexpensive.
The programming language underpinning the chain, called Move, which was developed from scratch to power the Diem block chain, will have a lot to do with whether or not Aptos is able to meet this objective. The language enables a peak theoretical performance of more than one hundred thousand dollars per second.
The team doesn't want to be called the "Solana-killer" Solana was designed to process transactions faster than the other way around.
David Shuttleworth is an economist at ConsenSys, a development studio set up by Joe Lubin. He says that advances in technology should not be limited to one particular protocol.
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