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Blockchain

Aptos Unleashes Move Framework V1.5 With The Token Innovation

August 2, 2023 - Around 4 mins mins to read

Key Points:

  • Aptos launches Move Framework v1.5 with Quorum Store mainnet, enabling faster transaction processing – 12x at the consensus layer and 3x overall.
  • Introduces new Aptos token standard utilizing Move objects, allowing for NFTs and game assets creation while maintaining full interface compatibility.
  • Comprehensive improvements in the Move library, tools, and peer-to-peer monitoring services enhance the functionality and efficiency of the Aptos ecosystem.
Aptos, the pioneering blockchain platform, has just launched the latest versions of its Move Framework, v1.4 and v1.5, bringing forth a host of performance enhancements and key functionalities while also expanding its token ecosystem.
Aptos Unleashes Move Framework V1.5 With The Token Innovation

The updates promise to revolutionize the development of financial applications and introduce a new standard for digital assets.

With the rollout of v1.5, the blockchain has introduced the highly anticipated Quorum Store to the mainnet, significantly boosting transaction processing capabilities. This enhancement allows the platform to handle transactions 12 times faster at the consensus layer and an overall 3 times speed improvement.

The Aptos Digital Asset Standard takes center stage in v1.5, introducing a novel token standard based on Move objects. This empowers applications to create a wide array of unique assets within larger collections. The new standard enables the creation of Non-Fungible Tokens (NFTs), game assets, and various other no-code solutions, while ensuring full interface compatibility and flexibility. Now, applications can specialize in specific token purposes or work seamlessly across all tokens.

Aptos Unleashes Move Framework V1.5 With The Token Innovation

Aptos v1.4 expands the Move standard library to equip developers with more robust tools. Key additions include FixedPoint64, various mathematical functions (exp, log, mul_div, etc.), string formatting, and additional inline functions. These enrichments substantially enhance the capabilities of the Move ecosystem, allowing for more efficient and accurate development of financial applications.

Moreover, Aptos has broadened the range of data types that can serve as input parameters, providing developers with greater flexibility and versatility. Now, developers can call entry functions with non-primitive types as input parameters, including Object, FixedPoint32, FixedPoint64, and Option. This expansion further enhances the flexibility and versatility of the Move programming language.

Aptos v1.5 introduces transaction shuffling within a single block, akin to shuffling a deck of cards, which minimizes conflicts during parallel execution, ultimately boosting transaction speed by an impressive 25%.

To ensure a sustainable ecosystem, Aptos has implemented a 1.5% yearly decrease to the maximum staking reward rate, following their tokenomics principles. This change is set to be activated at a later date.

In addition to the core upgrades, v1.5 boasts significant improvements to the tooling suite. Developers can now restore an Aptos node faster from a public database backup by selecting a specific range in the ledger history. This efficient recovery process saves valuable time and resources.

Furthermore, the integration of a peer monitoring service into every node enhances network management by providing smarter, performant, resilient, and secure operations. The monitoring service tracks, shares, and monitors peer information and behaviors, contributing to a more reliable and robust network.

Aptos Unleashes Move Framework V1.5 With The Token Innovation

With every Move release, Aptos is continually pushing the boundaries to create a more robust and scalable ecosystem. These advancements set the stage for a brighter future for blockchain technology and pave the way for a more decentralized and efficient financial landscape. As the platform continues to evolve, developers and users alike can look forward to even more exciting innovations from the network.

Aptos is also reaching significant milestones. After the APT airdrop, Aptos has seen a tremendous increase in active accounts, hitting a record high of 182,000. With the integration of Chingari, a prominent social networking platform in India, virtual gifting options have been introduced to the ecosystem, motivating active involvement and growing interest in the crypto community.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

APT

Aptos

Aptos v1.5

Move

Move Framework

Quorum Store

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Aptos Unleashes Move Framework V1.5 With The Token Innovation

Key Points:

  • Aptos launches Move Framework v1.5 with Quorum Store mainnet, enabling faster transaction processing – 12x at the consensus layer and 3x overall.
  • Introduces new Aptos token standard utilizing Move objects, allowing for NFTs and game assets creation while maintaining full interface compatibility.
  • Comprehensive improvements in the Move library, tools, and peer-to-peer monitoring services enhance the functionality and efficiency of the Aptos ecosystem.
Aptos, the pioneering blockchain platform, has just launched the latest versions of its Move Framework, v1.4 and v1.5, bringing forth a host of performance enhancements and key functionalities while also expanding its token ecosystem.
Aptos Unleashes Move Framework V1.5 With The Token Innovation

The updates promise to revolutionize the development of financial applications and introduce a new standard for digital assets.

With the rollout of v1.5, the blockchain has introduced the highly anticipated Quorum Store to the mainnet, significantly boosting transaction processing capabilities. This enhancement allows the platform to handle transactions 12 times faster at the consensus layer and an overall 3 times speed improvement.

The Aptos Digital Asset Standard takes center stage in v1.5, introducing a novel token standard based on Move objects. This empowers applications to create a wide array of unique assets within larger collections. The new standard enables the creation of Non-Fungible Tokens (NFTs), game assets, and various other no-code solutions, while ensuring full interface compatibility and flexibility. Now, applications can specialize in specific token purposes or work seamlessly across all tokens.

Aptos Unleashes Move Framework V1.5 With The Token Innovation

Aptos v1.4 expands the Move standard library to equip developers with more robust tools. Key additions include FixedPoint64, various mathematical functions (exp, log, mul_div, etc.), string formatting, and additional inline functions. These enrichments substantially enhance the capabilities of the Move ecosystem, allowing for more efficient and accurate development of financial applications.

Moreover, Aptos has broadened the range of data types that can serve as input parameters, providing developers with greater flexibility and versatility. Now, developers can call entry functions with non-primitive types as input parameters, including Object, FixedPoint32, FixedPoint64, and Option. This expansion further enhances the flexibility and versatility of the Move programming language.

Aptos v1.5 introduces transaction shuffling within a single block, akin to shuffling a deck of cards, which minimizes conflicts during parallel execution, ultimately boosting transaction speed by an impressive 25%.

To ensure a sustainable ecosystem, Aptos has implemented a 1.5% yearly decrease to the maximum staking reward rate, following their tokenomics principles. This change is set to be activated at a later date.

In addition to the core upgrades, v1.5 boasts significant improvements to the tooling suite. Developers can now restore an Aptos node faster from a public database backup by selecting a specific range in the ledger history. This efficient recovery process saves valuable time and resources.

Furthermore, the integration of a peer monitoring service into every node enhances network management by providing smarter, performant, resilient, and secure operations. The monitoring service tracks, shares, and monitors peer information and behaviors, contributing to a more reliable and robust network.

Aptos Unleashes Move Framework V1.5 With The Token Innovation

With every Move release, Aptos is continually pushing the boundaries to create a more robust and scalable ecosystem. These advancements set the stage for a brighter future for blockchain technology and pave the way for a more decentralized and efficient financial landscape. As the platform continues to evolve, developers and users alike can look forward to even more exciting innovations from the network.

Aptos is also reaching significant milestones. After the APT airdrop, Aptos has seen a tremendous increase in active accounts, hitting a record high of 182,000. With the integration of Chingari, a prominent social networking platform in India, virtual gifting options have been introduced to the ecosystem, motivating active involvement and growing interest in the crypto community.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.