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Cross-chain Web3 wallet and ecosystem Blocto is integrating the high-performance blockchain Aptos. Created by former Meta employees, the network has attracted significant interest thanks to its cutting-edge tech stack.
Blocto’s user-friendly, simplified approach to onboarding users and Aptos’ focus on scalability and security make the two an obvious fit. As such, the integration may help onboard a wave of new users to crypto.
Blocto adds Aptos to its Web3 wallet
Following a community governance vote held on Aug. 5, 2022, the popular Web3 wallet application Blocto will make Aptos its latest blockchain integration. Over 97% of the 157 participants voted in favor of adding Aptos. With around 54% of the vote, the motion to grant seven million BLT — Blocto’s native token — to Blocto’s parent company, portto, to develop the integration also passed.
The company is progressing through its integration roadmap, which will see an Aptos wallet asset card added to Blocto. In addition to being able to send and receive Aptos-based digital assets, the upgrade will include an in-app Web3 browser, native staking, a Web SDK and the issuance of the BLT token to Aptos.
The integration also incorporates novel security measures to relieve typical issues new blockchain users face. For example, those using Blocto with Aptos can choose between custodial and non-custodial storage, and add a key recovery mechanism.
The addition to Blocto comes fresh off the back of Aptos raising more than $350 million over multiple 2022 investment rounds. Some of the biggest names in the crypto industry contributed, including a16z, Jump Crypto, Binance Labs, Coinbase Ventures, FTX Ventures and ParaFi Capital.
The integration is a big deal as Blocto becomes one of the first pieces of Aptos-friendly infrastructure. Wallets are the user-facing gateway to Web3, and Blocto’s simplified user experience should help onboard new users to Aptos and other supported networks.
What’s the big deal with Aptos, anyway?
While Blocto’s integration is certainly positive for Aptos and, potentially, Web3 in general, it is the Layer-1 network’s tech stack that has investors rushing for their wallets. Aptos is eventually expected to achieve more than 100,000 transactions per second with sub-second finality while ensuring asset security and network liveness.
Some of the team behind Meta’s disbanded Diem project developed Aptos’ programming language, Move. Move was designed around support for scarcity for user-defined resource types while providing safety guarantees against duplication, double-spending and destruction at the programming language level. This ensures that Aptos’ digital assets behave more like real-world assets than simply pieces of code.
Aptos also processes transactions in parallel. However, unlike Solana, which supports parallel execution for individual nodes, Aptos achieves horizontal scaling at the network level via its novel smart contract acceleration technology, Block-STM. The high throughput enabled results in consistently low transaction fees while ensuring continuous liveness.
All told, Aptos is shaping up to be a strong new contender in the so-called Layer-1 wars. Scalable out of the box and seemingly addressing Solana’s liveness issues, the network should tackle many of the pain points that have held back blockchain adoption thus far.
With a beginner-friendly wallet app like Blocto integrating the network early, Aptos may be pivotal in finally bringing blockchain to the masses.
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