Aptos
Crypto Overview
Overview
Aptos is a Layer 1 blockchain platform that emerged from Meta's (formerly Facebook) Diem blockchain project. It was developed by Aptos Labs and launched its mainnet in October 2022. The platform uses the Move programming language, which was originally created for the Diem blockchain.
Intended Utility
Aptos is designed to be a highly scalable, secure, and reliable blockchain platform for building decentralized applications. The APT token serves multiple purposes: network security through staking, transaction fee payments, and governance participation. The platform emphasizes parallel transaction execution and novel smart contract capabilities.
Actual Utility and Adoption
The Aptos ecosystem has shown significant development activity and adoption since launch. As of 2024, it hosts numerous decentralized applications across DeFi, NFTs, and gaming sectors. The network processes hundreds of thousands of transactions daily, with major partnerships including Google Cloud, Microsoft, and various Web3 projects.
Token Distribution and Governance
The initial token distribution allocated: 51.02% to the community, 19% to core contributors, 16.5% to the foundation, and 13.48% to investors. Tokens for core contributors and investors are subject to 4-year vesting periods with a 1-year cliff, demonstrating commitment to long-term development.
Technology and Development
The platform utilizes Block-STM technology for parallel transaction processing, achieving high throughput while maintaining security. The development team maintains regular updates and improvements to the protocol, with active GitHub repositories and consistent technical documentation updates.
Revenue Model
The platform generates revenue through transaction fees paid in APT tokens, which are used to compensate validators and support network operations. This model aligns with Islamic principles as it represents payment for actual services rendered.
Crypto Impact
To assign a comfort level investing in Aptos from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Aptos.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.