ETH - Is Aptos the Next Ethereum?
In 2022, Ethereum (CRYPTO: ETH) was one of the biggest stories in the crypto world due to The Merge. While the token never saw any boost in its price in The Merge's immediate aftermath, it remains the second-largest crypto in terms of market capitalization, and has been one of the most successful cryptos ever since its launch in 2015. So it's only natural that newer rival blockchains have tried to position themselves as "the next Ethereum" in the hopes of attracting investor attention.
One of these rival projects is Aptos (CRYPTO: APT) , which only started trading on cryptocurrency exchanges in mid-October. Aptos was arguably one of the most-hyped blockchain projects ever, having raised over $350 million from venture capital investors. Despite its recent debut, Aptos is already one of the top 60 cryptos by market cap. So is it possible that Aptos could ever become the next Ethereum?
The bullish argument for Aptos is clear: It's a layer 1 proof-of-stake blockchain just like Ethereum that theoretically can do everything Ethereum can do, only cheaper and faster. For example, consider transaction processing speeds: Aptos can theoretically process 150,000 transactions per second. Before The Merge, Ethereum was processing only 10 to 15 transactions per second.
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Is Aptos the Next Ethereum?