 is a web3 startup which has been generating a lot of buzz recently and has been dubbed the new Solana by experts.

One of the reasons interest is drumming up on 

 is that the company was founded by developers who formerly worked on 

-based programming language independently developed by 

. The company also claims the network will be able to process over 130k transactions per second using its parallel execution engine (Block-STM), which results in low transaction costs for users.

 also managed to raise $350 million in funding from FTX Ventures, Jump Crypto, a16z, Tiger Global, Multicoin Capital, among many other capital ventures. Currently, Aptos Labs has about 28 investors.

However, Aptos has no coin as of now and its whitepaper has just been published recently but a lot of projects have started building on 

The adoption is incredibly rapid and it remains to be seen whether 

SirHxncho

Aptos Blockchain: The New Solana?

Blockchains are separate, stand alone and relatively different from each other, which means for communication to be possible another layer of connection must exist.

Put simply, a wrapped token is a token that represents a cryptocurrency from another blockchain which has the same value as the original cryptocurrency.

Unlike the original cryptocurrency, the wrapped token exist to create communication and interoperability on certain non-native blockchains.

A wrapped token is made with the purpose of existing on a blockchain it wasn’t built for initially. It operates as a bridge between different blockchains. It is simply a tokenized version of another cryptocurrency.

 which are separate blockchains. To create communication between both there has to be a bridge which allows Bitcoin (for example) to exist on Ethereum as wrapped bitcoin also known as 

The same way a stablecoin is pegged to the value of a fiat currency, a wrapped token is pegged to the value of another cryptocurrency.

 offer interoperability between diverse blockchains allowing users to move assets with ease while getting to use applications on other blockchains.