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Blockchain technology has been broadly adopted at various levels since its dawn in 2009 with Bitcoin. Distributed Ledger Technology (DLT) is now being implemented in a vast number of projects in the market today, whose culmination is being touted as Web 3.0. One of the leading projects using DLT is the Aptos Blockchain, which has gained a significant spotlight within the industry.
Avery Ching is the Co-founder of Aptos. It is a layer-1, Proof-of-Stake blockchain network known for its efficiency and scalability whose credits include Ripple and Stellar blockchain platforms. Ching’s career spans over two decades as a software engineer in tech giants such as Google and Microsoft. The veteran also serves as a consultant for many blockchain startups who regularly seek his advice for major decisions on their projects.
In this interview, Ching sits down to discuss the characteristics of the network that make it stand apart from the rest. The interview by Sonia Ahuja, the CEO, and founder of Orbis86, took place at the Consensus 2023 conference.
What Gives Aptos Network an Edge over Other Blockchains?
Explaining Aptos, Ching points out many key features that make the blockchain stand out among others in the market. He attributes this mainly to four key areas that the company has focused on, to offer the difference — the Move programming language, scalability of the chain, user experience, and upgradeability.
The Move is a fairly recent programming language used for blockchains, smart contracts, and other decentralized applications. Notably, Move was independently developed by the engineers of Meta’s now-defunct blockchain project Diem.
According to Ching, “The Move language is something very different from other ecosystems out there, EVMs (Ethereum Virtual Machines) specifically. With Move, you can develop your application and get it from ideation into production very quickly and safely.”
Emphasizing the scalability of the network, he says, “The technology itself is built to scale through all the resources available on your validators that allow you to have a very high throughput and a very efficient database for all your needs in the blockchain space.”
Scalability is an important aspect that many chains today are constantly effortful to attain, with the introduction of new protocols, side chains, and layer-2 scaling solutions. Move gives an advantage in this case, as it is based on the Rust programming language, which makes it hard to break, and is highly scalable. Hence, it is very suitable for developing smart contracts, which would enable the development of secure decentralized apps.
Apparently, the network’s priority is onboarding new users and ensuring a convenient interface that would make for an excellent user experience. The organization has set out on a mission to make its Web3 application as convenient and user-friendly as Web2 services, as opposed to the current complicated navigation of blockchains when it comes to surfing on the decentralized apps.
Ching adds, “We make onboarding better for users, and so, thinking more about how the great internet applications today allow you to do things with fewer clicks… buying things on Amazon, working in online banking, or interoperating with Facebook, or other products on YouTube that are interesting.”
Once onboarded, the next focus should be the interface, about which he feels, “It’s something that is really important and the all-over experience, and how you interact, feeling that very natively the same way you do with any other internet application… it’s something that is top of (our) mind.”
One of the critical features of Aptos is its commitment to the upgradeability of the platform, which it keeps coming up with every month. Ching stated, “Upgradeability is really (important) for us; now almost monthly we have releases going out that are going to deploy new features that support developers and then also users, providing better experiences.”
What Can We Expect from Aptos in the Next 3-5 Years?
Discussing the company’s vision, one of the major objectives revealed was making the network fast, secure, and as adaptive as the Cloud service that is currently helping many functionalities in the Web2 space. It aspires to be Web3’s answer to Web2’s Cloud computing.
Emphasizing the same, Ching says, “In the next 3 to 5 years, we will be able to scale as much as Cloud does because you need more resources for your free applications. Valuers can actually add those resources to their internal network. Then they can support higher throughput while maintaining very good latency for their products. So, that’s something that I think we’re looking forward to and kind of operating the same way and getting the adoption that the cloud has done for the internet.”
Disclaimer:
The article is a direct transcription of the interview conducted by Soniya Ahuja. No statement or comment in the article is a direct or indirect portrayal of the writer’s views or opinions. The interview does not intend to promote, demote or demean any organization or community. It also does not intend to give the readers any financial or investment advice.
Soniya Ahuja, a respected leader in the Web3 and crypto community, empowers through Orbis86. With a background at Deloitte and Broadcom, her expertise spans two decades. Through initiatives like the 1111 Orbisons NFT collection, Soniya promotes diversity and community engagement. As host of “The Silicon Dreams,” she shares insights on AI, ML, and Web3, inspiring worldwide innovators. Passionate about educating and onboarding one million individuals into Web3, Soniya fosters adoption and understanding.
