Blockchain Network Disturbance Aptos Network, Crypto Transactions Stopped

APTOS crypto assets are disrupted. (Photo; Doc. Coinbulteni)

JAKARTA - In the early hours of October 19, the Aptos Network blockchain network, known as the Layer-1 blockchain, experienced a network disruption that caused transactions to stall for more than five hours. This information was obtained from AptoScan, which recorded the incident.

Although normal operations have recovered, the project officially confirmed the incident in a statement on social media platforms. They admit that "transactions on the network have been affected."

The impact of this disruption has also affected Upbit and OKX cryptocurrency exchanges, which temporarily suspended deposits and withdrawals of Aptos Network tokens on their platforms.

Currently, Aptos has not released an in-depth explanation of the cause of the disturbance. However, they casually attribute this incident to the "energy for Aptos One" stated by its users.

Aptos One: Mainnet's First Year

This week, the Aptos community celebrated its first anniversary of the launch of their mainnet by making the hashtag "Aptos One" trend on social media platforms.

Aptos is a blockchain project supported by venture capital and launched on October 17, 2022. In their promise, the project will provide an unprecedented level of scalability using a new programming language called Move.

However, a year after the launch of its mainnet, the project has not yet reached the promised speed-up, which is up to 160,000 transactions per second (TPS). Data from AptoScan shows that they are only capable of processing around 33 polling stations. The project team claims that their throughput peaks at 5,862 polling stations.

Despite the obstacles in achieving these targets, the Aptos Network has achieved a number of important achievements during their first year, including partnerships with major technology companies such as Microsoft and processing more than 300 million transactions. The Aptos community has also printed more than 2 million NFTs (Non-Fungible Tokens) on their network.

APT Price

Over the past year, APT Aptos token prices have decreased by around 45%, according to data from Tradingview.

The price of this digital asset peaked in January, hitting $18 (approximately IDR 270,000), having previously traded below $10 (approximately IDR 150,000) after its launch. However, the project faces significant challenges related to the launch of new tokens, which have created further selling pressure in the market.