Aptos staking developer: Aptos Tokens sold on exchanges will not come from the public token supply

2022/10/19 01:27

Solana developer Paul Fidika, who works on Aptos staking development, tweeted that Aptos Tokens sold on exchanges will not come from the project's public token supply. Paul Fidika also revealed a few questions. He tweeted that there are no community run / permissionless validators. All 101 validators were hand picked by Aptos Labs / Foundation. Validators had to sign an arbitration agreement in the Cayman Islands to be included in the validator set. Essentially Aptos is a permissioned chain using proof of stake for economics rather than security (investors love PoS because it’s easier to sustain higher token prices if the circulating supply is mostly locked). There are a couple dozen private keys (or less) that can halt the network (1/3rd of stake) or take over the network (2/3rd of stake) with a few transactions. There is no way to share stake across pools. AptosBFTv4 is just DiemBFTv4 renamed. This means it’s using the HotStuff algorithm; meaning network performance degrades quickly if there are a few slow validators. This is another reason Aptos has to closely control its validator set.

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