Install the wallet extension by clicking here.
Install the wallet extension by clicking here.
Once you have signed in to the APTOS homepage , click the ‘dApps' button in the center of the toolbar. Then, click 'Stake Aptos'.
Create you account and sign in. Remember to store your passphrase securely.
Click ‘Stake’ and enter the amount you want to stake. Then, click 'Enter Amount’. You have now successfully staked APT.
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In blockchains, reliability and accessibility are key factors for increased web3 adoption, addressing certain bottlenecks in existing layer-1 protocol implementations. In distributed systems such as blockchain, the process of carrying out a transaction differs from modifying the ledger's state and recording the outcomes.
Aptos is designed in a modular way, which enables quick development and facilitates faster release cycles. Unlike monolithic architectures that require extensive time for editing, auditing, and testing, this modular approach allows changes to be focused on specific modules. This offers a systematic way to expand validators beyond just one machine by granting them access to more computational power, network capabilities, and storage options.
Aptos is a Layer 1 Proof-of-Stake blockchain. It uses Move, a programming language developed from Meta’s Diem and Novi projects. Move is designed for safety and reliability, harnessing the power of Rust, a low-level programming language.
Aptos’ technological stack features many novel models, including the AptosBFTv4 consensus mechanism, the Quorum Store mempool protocol, the Block-STM parallel execution engine, and Move on Aptos. The transaction flow on Aptos is distinctly different from most competing networks, with every step of the process—from broadcasting transactions, ordering block metadata, to consolidating storage—happening concurrently in a modular fashion.
AptosBFT, originally named DiemBFT, is a consensus algorithm developed by Diem’s core blockchain developers, many of whom now contribute to Aptos through Aptos Labs. AptosBFT implements increased throughput and lower latency compared to existing PBFT through a round-by-round consensus and block chaining. AptosBFT v4 enhances transaction processing speed through linear communication and chaining, improving synchronization speed among validators via a 'Pacemaker' and 'Timeout' mechanism.
The Aptos Labs team also introduced Quorum Store, an implementation of Narwhal. Quorum improves consensus throughput by decoupling data dissemination from network consensus. Before Quorum Store, transaction processing involved two major phases: Mempool and Consensus. An intermediate phase, the Quorum phase, was added between them. The Mempool holds potential user transactions, Quorum Store pulls batches of these transactions, broadcasts them, and forms proofs of their availability. Consensus orders these proofs, and execution uses Quorum Store to map them back to the corresponding transaction batches, thereby solving the problem of transaction redundancy efficiently.
DPoS - Delegated Staking: This serves as an expansion of the staking protocol. It involves a delegation pool acting as an intermediary between the stake owner and the validator. This pool can gather stakes from delegators and include them in the native stake pool linked to the validator on their behalf. This system enables various entities to meet the criteria for a validator to join the set by pooling stakes. Delegators have the option to contribute to an inactive pool, but rewards are only earned once it becomes active. The minimum stake is 11 APT, with the option to unstake at any time, but funds are not available until the next validator unlock date. Delegators are paid 8% of the service fees.
Move: Aptos blockchain seamlessly incorporates and utilizes the Move programming language for rapid and reliable transaction processing. The Move Prover, a formal validator for smart contracts written in Move, offers security against common errors, providing builders and developers tools to defend projects against attack vectors like double-spending.
Parallel Execution: Aptos handles transaction processing in parallel without requiring an upfront declaration of user-known dependencies, unlike other blockchains such as Solana and Sui. This approach facilitates more intricate transactions, reducing costs and latency for end users.
Transaction Flow: Aptos maximizes throughput and reduces complexity in transaction processing by dividing it into three stages: pipelining, batching, and parallel execution. These stages can be parallelized, enabling novel modes of validator-client interaction and enhancing development timelines by treating each phase as a separate entity. Transactions are organized into batches by each validator, merged into blocks through a consensus mechanism.
The native token of the Aptos ecosystem (APT token) serves multiple purposes:
As of October 2022, the total token supply of APT is 1 billion tokens, with a circulating supply of 130,000,000.
The Aptos ecosystem is growing thanks to continued efforts to improve UX through safety and performance.
Decentralized Finance (DeFi): Several DeFi projects are building DEX Aggregator, DeFi HyperApp, Liquidity engine, and perpetual DEX on Aptos.
Improved User Experience (UX): Platforms are building tools and products to simplify the process of building scalable applications on Aptos.
On-chain Gaming: Platforms are using Aptos SDK to build multi-platform applications by bringing decentralization to Unity developers.
Aptos is also facilitating interoperability by launching bridges like Wormhole on Aptos that allow native Ethereum and Solana users to move into the Aptos ecosystem.
Technical Improvements: Contributors to the Aptos protocol are committed to making the network more scalable, performant, and robust. The team at Aptos Labs developed a solution for deep testing called Previewnet that replicates what Aptos mainnet will look like in the coming months.
The team also unlocked a new record of >30k TPS (Transaction per seconds) in the Previewnet. Aptos is striving to expand scalability even more, aiming for >100k TPS as their next goal on the path to surpassing 1 million TPS. This bold target is in line with Aptos' goal of building a platform that can cater to billions of users, paving the way for widespread adoption of Web3 technologies.
Ecosystem Partnerships: Aptos collaborates with industry leaders like Google Cloud, Microsoft, and MoonPay, indicating potential for future growth and adoption.
Website: https://aptoslabs.com/
Developer Documentation: https://aptos.dev/
Twitter: https://twitter.com/Aptos
Telegram: https://github.com/aptos-labs
Github: https://github.com/aptos-labs
Discord: https://discord.gg/aptosnetwork
About Chorus One
Chorus One is one of the biggest institutional staking providers globally, operating infrastructure for 50+ Proof-of-Stake networks, including Ethereum, Cosmos, Solana, Avalanche, and Near, amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures. We are a team of over 50 passionate individuals spread throughout the globe who believe in the transformative power of blockchain technology.
We’re excited to announce that Chorus One is now live on the APTOS Network, after successful participation in the Aptos Previewnet Program - a quarterly program that Aptos intends to run to both evaluate performance of existing and aspiring node operators who wish to operate nodes on Mainnet, and test out new features.
The Aptos ecosystem is bustling with activity as developers work on a range of innovative projects such as NFTs, DeFi applications, DEXs, wallets, and bridges. You can head to this repo for notable examples of these projects, showcasing the diverse and dynamic nature of the Aptos community's development efforts.
Aptos is a high-performance layer 1 proof-of-stake protocol that aims to be one of the safest and most scalable protocols, with a core focus on user experience. It was initiated by Aptos Labs, a venture founded by former engineers and scientists from Diem (formerly Facebook), with a vision to build their own, permissionless blockchain. Aptos is built using the Move programming language along with the Move Virtual Machine for dApp development. The team behind Aptos was actively involved in the development of Move, with a focus on flexibility, customizable transaction logic, and provability to enhance the safety of writing smart contracts.
Aptos is designed to prioritize scalability, safety, reliability, and upgradability, addressing common problems faced by existing protocols such as outages, high costs, slow transaction processing speed, and security concerns. It achieves this through innovative techniques like flexible private key management and hybrid custody services to enhance user safety.
Additionally, it utilizes a unique design that enables quick and efficient transaction processing through a parallelized and modular pipeline approach, resulting in high transaction throughput and minimal delays. More on this next.
Aptos is designed with a strong focus on upgradability and evolution over time. It achieves this through various approaches, such as storing configuration information on the blockchain and customizable state synchronization protocols. This allows node operators to choose synchronization strategies that align with their requirements, making it user-friendly for both users and developers. The flexible upgradeability framework of Aptos ensures smooth adaptation to changing requirements in the future.
Aptos prioritizes security and performance to enhance user experience (UX). It addresses key management challenges through flexible private key management and hybrid custody services, catering to both new and experienced users. This allows users to create multiple accounts that are not linked to each other but can be managed using a single wallet. It also enables trusted custodians to rotate private keys in case of certain circumstances, implemented on-chain at the base layer to prevent damages caused by key mismanagement.
In addition, Aptos enhances security by providing transaction transparency before signing, helping users detect malicious transactions and automatically reject them, thus improving end-user security and UX.
For developers, Aptos streamlines smart contract development through Move, which introduces a new type of digital object that can be passed as arguments and returned by functions, making smart contract interactions more efficient and preventing issues like dangling references and memory leaks. The Move Prover, a formal verifier, also allows developers to verify their code before deployment, ensuring it behaves as intended in a live environment.
Blockchain transactions can be processed sequentially or in parallel (simultaneously) Aptos uses 'parallel execution' - a concept inspired by Solana's sealevel runtime - to improve performance.
It achieves parallel processing through its Block-STM execution engine, which allows transactions to be processed in parallel as long as there are no conflicts in data or accounts. Transactions are processed in batches, and invalid batches are re-executed after validation. This allows developers to build products that process multiple transactions at once, enabling scalability on a single chain.
Aptos has achieved over 170,000 transactions per second (TPS) in experiments, which is much faster than Ethereum's 30 TPS and Solana’s 10,000 TPS.
Aptos also has a modular transaction lifecycle, where broadcasting, block metadata ordering, and batching storage occur separately and concurrently, leveraging available computing resources for parallel execution. Additionally, the consensus phase is separate from transaction dissemination and execution, reducing bandwidth requirements and improving scalability.
Unlike most other PoS networks, there is a maximum stake limit in Aptos to prevent centralization of voting power. Staking in Aptos involves three personas: owner, operator, and voter. The owner owns the funds, the operator performs validation, and the voter participates in governance. Validators take turns proposing new blocks and earn rewards based on their reputation. Epochs, which are time intervals on Aptos, dictate events like reward payment and lock-up periods. Parameters like stake limits and epochs are subject to on-chain governance by the Aptos community.
How Proposals are made and resolved:
APT can be delegated to Chorus One delegation pool
Current Inflation Rate: 8%
Current Staking APR: 6.65%
For any other questions, reach out to staking@chorus.one.
Website: https://aptoslabs.com/
Twitter: https://twitter.com/aptoslabs
GitHub: https://github.com/aptos-labs/aptos-core/
Docs: https://aptos.dev/
Forum: https://forum.aptoslabs.com/
Whitepaper: https://github.com/aptos-labs/aptos-core/blob/main/developer-docs-site/static/papers/whitepaper.pdf
Explorer: https://explorer.aptoslabs.com/
Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures. We are a team of over 50 passionate individuals spread throughout the globe who believe in the transformative power of blockchain technology.
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