A Chaotic Crypto Launch Reveals How Hard It Is To Beat Ethereum

A Chaotic Crypto Launch Reveals How Hard It Is To Beat Ethereum

Aptos' ability to achieve this goal relies on the programming language behind the chain called Move, which was built from the ground up to run Dime Block. The language offers a theoretical peak performance of 160,000 TPS, well above the theoretical peaks of Ethereum and Solana.

Publicly, the Aptos Group has opposed the "annual killer" label. But while Solana is designed to process transactions faster than Ethereum, Aptos promises to be better than Solana.

This competition is good for the blockchain ecosystem, said Ethereum co-founder Joe Lubin, chief economist at Defy at Consensus, a development studio. "You always have to keep a level of technological development at all levels, not just blockchain, and don't limit yourself to just one system or protocol," he says.

“Blockchain doesn't have to be successful to have a positive impact on the entire ecosystem,” said Paul Brodie, board member of the Enterprise Ethereum Alliance, an organization dedicated to accelerating the adoption of Ethereum in business contexts.

But developers who build software based on Aptos, which Sheikh believes will grow, don't think they'll be successful. The founder of Topaz, one of the first Aptos NFT trading platforms to exclusively use the Topaz nick, said the launch went "very smoothly".

"We are very clear that Aptos is the future of Web3," he says. "This blockchain is very powerful and efficient. Not only that, the developer experience is really amazing."

Another developer, Gabriel Lan Pham, whose team created the Fuchan crypto wallet based on Aptos, said that choosing to work on a new platform is risky, but worth it. If Aptos becomes as big as Ethereum, Feucha will have the advantage of being one of the first companies out the door. At worst, he says, his team will gain valuable experience in blockchain development. "We strongly believe that blockchain will be the next technological explosion, like the Internet in the 2000s or smartphones in the 2000s," Lan Pham said.

None of the developers say they care about expanding the network, and they don't care that much about Aptos being called an Ethereum or Solana killer. If all Aptos developers think the same way, massive airdrops of tokens and anger from early adopters won't affect the future of the network - they come from the new members of the community who built it.

"The Aptos ecosystem has potential," Lan Pham said. We don't have to hold our heads high. Only good products can last so long.”

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