Aptos

Aptos (APT)

Full information about Aptos (APT). Current Aptos price in MGA, APT open/close rates, Aptos history charts, Aptos market capitalization and volume.

1 APT = 35 338.62 Ar Malagasy Ariary (MGA)
7.8583049 MGA

Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago 1 USD = 4496.976988 MGA

General information
Global rank:28
Name: Aptos Aptos
Symbol:APT
Current coin price (MGA):35 338.62 Ar
Last hour:arrow_upward1.47 %
Last 24 hours:arrow_downward-2.13 %
Last 7 days:1.40 %trending_up
Capitalisation (MGA):17 738 326 606 076.52 Ar
Volume 24h (MGA):708 460 689 028.04 Ar
Available supply:501 953 059.00 APT
Total coin supply:-1 APT
Start date:2022-10-12
Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago

Aptos/Malagasy Ariary (APT/MGA) price chart

Aptos/Malagasy Ariary (APT/MGA) capitalisation and volume charts

What is it?

Aptos (APT) is a scalable layer 1 blockchain token based on the Move programming language. The token is the native token of the Aptos project, serving a variety of use cases within the network​.

The Aptos project consists of several major components:

  • Move: Aptos uses Move, a smart contract programming language that was originally developed at Meta to power the Diem blockchain. Move focuses on safety and flexibility, making it a central component of the Aptos project.
  • Parallel Processing Execution: Aptos employs a parallel data model and execution engine to improve execution efficiency.
  • AptosBFT Consensus: Aptos uses a variant of the Byzantine fault tolerance consensus mechanism, enhancing the overall efficiency of the network​.

What is it used for?

The APT token is primarily used for:

  • Network Fees: APT is used to pay for transaction fees on the network.
  • Validator Staking: APT is staked by validators to participate in the DPoS network consensus.
  • Governance: APT token holders can participate in on-chain community governance, contributing to the direction and development of the Aptos project​.

Who created it?

Aptos Labs, led by Mo Shaikh and Avery Ching in 2021, is the organization that developed the Aptos blockchain and the APT token. Both Shaikh and Ching have prior experience with Meta's blockchain project, Diem.