- A new layer one blockchain network called Aptos announced the launch of its mainnet on Monday, following a slew of capital injections from a number of venture capital (VC) firms.
- The Aptos project stems from two developers from Meta’s Diem project, and the network boasts parallel processing, a technology that reportedly allows the chain to process 130,000 transactions per second (TPS).
- The technology is a “parallel execution engine for smart contracts” and “this means faster transaction processing due to a novel approach that is core to Aptos,” the team detailed on Monday.
VC-Backed Blockchain Project Aptos Reveals Protocol’s ‘Mainnet Has Arrived’
