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BNB $605.08 +0.57%
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TRX $0.3309 -0.09%
DOGE $0.0703 +1.13%
ADA $0.1739 -0.01%
BCH $205.05 +0.45%
LINK $9.51 +1.52%
HYPE $59.47 +3.90%
AAVE $89.24 +4.00%
SUI $0.6747 +1.05%
XLM $0.1579 +1.14%
ZEC $514.36 +5.86%

Aptos staking developers: Aptos adopts a false PoS mechanism, and APT tokens are owned by the exchanges

2022-10-19 09:51:50

ChainCatcher message, Solana developer Paul Fidika, who is engaged in Aptos staking development, revealed on Twitter the reasons for stopping his work on Aptos: 1. The Aptos tokens sold by FTX, Coinbase, and Binance have already been owned and staked by the exchanges, with no ICO; 2. Aptos lacks community operation and has no permissionless validators; 3. It employs a false PoS mechanism; 4. It cannot share rights across mining pools; 5. The Aptos BFT V4 version is merely a renaming of the Diem BFT V4 version, using the HotStuff algorithm. (source link)

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