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Aptos Community Approves AIP-17: A Significant Improvement in Gas Efficiency and Reduction in Gas Fees

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On April 12th, according to the announcement on social media by Layer 1 network Aptos, its community has voted to approve the AIP-17 proposal, which will significantly improve gas

Aptos Community Approves AIP-17: A Significant Improvement in Gas Efficiency and Reduction in Gas Fees

On April 12th, according to the announcement on social media by Layer 1 network Aptos, its community has voted to approve the AIP-17 proposal, which will significantly improve gas efficiency and lower gas fees. Execution gas usage will increase by 100 times, and 90% of transactions will increase by at least 90 times. Aptos also introduced the gas efficient data structure through intelligent vectors and smart tables to improve the gas storage footprint, while reducing overall execution costs. When storing and executing gas are coupled, decoupling can safely change execution costs without affecting storage, further reducing gas costs. In addition, data shows that about 4.5 million Aptos native tokens APT will be unlocked in the near future.

Aptos: AIP-17 has been approved and gas efficiency will be significantly improved

Introduction

On April 12th, Aptos, a Layer 1 network, confirmed on social media that its community had voted to approve the AIP-17 proposal. This proposal is set to have a significant impact on Aptos’s gas efficiency, resulting in lower gas fees. This article will go into detail about how the AIP-17 proposal will improve Aptos’s gas efficiency, what changes users can expect, and how Aptos’s introduction of gas-efficient data structures will be beneficial.

Aptos’s AIP-17 Proposal – What to Expect

One of the most significant changes due to the AIP-17 proposal is the 100x increase in execution gas usage. In addition, at least 90% of transactions will witness an increase of 90x. This change in gas usage will have a significant impact on users who are carrying out transactions on the Aptos network. This increase in gas usage is anticipated to speed up transaction times, improve gas efficiency, and lower overall gas fees.
Another change that Aptos network users can expect is the integration of gas-efficient data structures. This new structure involves utilizing intelligent vectors and smart tables to decrease gas storage footprint considerably. When storage and execution gas are joined together, decoupling can safely adjust the execution costs, thus reducing the overall gas costs.

Improving Gas Efficiency for Users

Aptos’s AIP-17 proposal is set to have a significant impact on gas efficiency levels for users. As stated, the execution gas usage and the use of gas-efficient data structures should speed up transaction processing times. This increase in speed is crucial, as, in many cases, users need their transactions processed rapidly. This improvement will aid users who require speedy transactions, such as traders who need to buy or sell assets fast, or market makers who need to make quick decisions. Lower gas fees as a result of Aptos’s AIP-17 proposal would also be a benefit for users who are budget-conscious.

Aptos’s Gas-efficient Data Structure – Benefits

Aptos’s introduction of gas-efficient data structures through intelligent vectors and smart tables will make the engineering of protocols more accessible, thus making developers’ jobs easier. This implementation will enable developers to use the network more efficiently, resulting in lower gas usage, which in turn will ultimately reduce overall transaction fees. The Aptos community will benefit from this new technological development.

Future of Aptos Native Tokens

The Aptos network is excited to announce that about 4.5 million Aptos native tokens, APT, will soon be unlocked. This unlocking is an excellent opportunity for investors to purchase native tokens that are directly linked to a network with increasing transaction speeds and lowering gas fees. As with any investments, investors should do extensive research before investing in the Aptos network’s native tokens.

Conclusion

In conclusion, Aptos’s AIP-17 proposal is a step towards increased gas efficiency and decreased gas fees that will be beneficial to the Aptos community at large. This implementation of gas-efficient data structures through intelligent vectors and smart tables will be beneficial to developers and engineers working on the Aptos network. Aptos’s successful implementation of this proposal could act as a blueprint for other blockchains to follow. Overall, this change will enable the Aptos network to handle more transactions at a high speed while lowering costs for its users.

FAQs

Q1. How will the Aptos network benefit from the AIP-17 proposal?
A: The AIP-17 proposal would lead to the integration of gas-efficient data structures and a 100x increase in execution gas usage, resulting in faster transaction processing times, increased gas efficiency, and lower overall gas fees.
Q2. What do developers gain from the implementation of gas-efficient data structures on Aptos?
A: Developers will benefit from the implementation of gas-efficient data structures as it makes the engineering of protocols more accessible, thus making developers’ jobs easier.
Q3. Is it the right time to invest in Aptos native tokens?
A: The unlocking of approximately 4.5 million Aptos native tokens is an excellent opportunity for investors to purchase native tokens linked directly to a network with increasing transaction speeds and lowering gas fees. However, investors are advised to do extensive research before investing.

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