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TRX $0.3328 -2.15%
DOGE $0.0830 -2.69%
ADA $0.1964 -3.32%
BCH $245.98 -2.72%
LINK $11.38 -1.51%
HYPE $82.45 -1.07%
AAVE $124.17 -1.49%
SUI $0.7217 -3.42%
XLM $0.1762 -1.91%
ZEC $844.15 -2.76%

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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