Home web3.0 Aptos Officially Launches Raptr, Its Latest Byzantine Fault Tolerant (BFT) Consensus Protocol

Aptos Officially Launches Raptr, Its Latest Byzantine Fault Tolerant (BFT) Consensus Protocol

Sep 05, 2024 pm 09:46 PM
aptos Raptr BFT Consensus Protocol

Announced by Alexander Spiegelman, Head of Research at Aptos, Raptr promises to deliver enhanced performance and reliability in blockchain networks.

Aptos Officially Launches Raptr, Its Latest Byzantine Fault Tolerant (BFT) Consensus Protocol

Aptos (APT) has officially launched Raptr, its latest Byzantine Fault Tolerant (BFT) consensus protocol, to enhance performance in blockchain networks.

Announced by Alexander Spiegelman, Head of Research at Aptos, Raptr promises to deliver improved throughput and reliability in blockchain technology.

Here's a closer look at the latest development and its implications for the Aptos ecosystem.

Introducing Raptr: A New Era in Consensus Mechanisms

Aptos has unveiled Raptr, a cutting-edge consensus protocol that marks a significant step forward in blockchain technology.

This new protocol incorporates advanced techniques from Directed Acyclic Graph (DAG) technology to achieve high transaction throughput (TP) and optimal theoretical latency.

According to Spiegelman, Raptr is designed to handle a large volume of transactions efficiently and quickly, even in challenging conditions like network disruptions or slow validators.

One of the standout features of Raptr is its ability to perform well under true decentralization.

Unlike some recent protocols that encounter performance issues during network problems, Raptr is built to maintain high performance irrespective of network conditions.

This protocol will be rolled out in two phases. The first phase is expected to launch soon, with further details to be announced. The phased approach aims to ensure a smooth integration into the Aptos ecosystem.

A forthcoming whitepaper will provide an in-depth look at Raptr’s technical details and theoretical foundations, offering valuable information for developers and researchers.

Recent Developments on the Aptos Network

In the past few months, Aptos has seen significant developments within its network.

In August, Tether (USDT) launched its token on the Aptos blockchain, aiming to reduce transaction costs by leveraging Aptos’s scalability and speed to offer extremely low gas fees.

This integration is intended to make transactions more cost-effective for various use cases, ranging from microtransactions to large-scale enterprise operations.

Moreover, Aptos recently partnered with Nansen, a blockchain analytics provider, to bring advanced on-chain analytics to its ecosystem.

This partnership aims to enhance Aptos’s growth by equipping users and investors with tools to identify trends and gain insights into the blockchain's ecosystem.

Aside from these integrations, Aptos has shown considerable growth throughout the year. The blockchain witnessed a rise in average daily active users (DAU) from 96,000 in January to 170,000 in July. Notably, the network processed a record-breaking 157 million transactions in a single day in May 2024.

Market Dynamics and Investor Sentiment

The Raptr launch coincides with mixed activity for Aptos (APT). Following a 6.63% decline, APT has recently rebounded by 3.95%.

The token is currently trading within a regression channel, which could indicate further gains if the bullish trend continues.

Analysts forecast that APT could potentially reach $10 if the positive momentum continues. The Relative Strength Index (RSI) is around 48, indicating a neutral market but trending towards bullish territory. If the RSI surpasses 50, APT’s price may see further gains.

However, a notable increase in the supply of APT on exchanges may apply downward pressure on its price.

Investors should closely monitor key support levels and market signals to navigate the balance between bullish and bearish trends, which will influence APT’s short-term performance.

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