Abstract
Aptos is based in Palo Alto, California. Aptos is a public blockchain that aims to solve reliability, scalability, and usability issues that have plagued existing Layer 1s, while possessing security features lacking in EVM-based blockchains. Aptos uses Move, a Rust-based programming language created for Diem, a now abandoned blockchain project by Meta. The Aptos network can achieve over 130,000 transactions per second thanks to its parallel execution engine (Block-STM). This high throughput naturally results in low transaction costs for users on the network.