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

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

I. Introduction
– Briefly discuss the Layer 1 network Aptos’ recent announcement on social media
II. AIP-17
– Explain what AIP-17 proposal is
– Discuss its significance in terms of gas efficiency and lowering gas fees
III. Execution Gas Usage
– Detail how execution gas usage will increase by 100 times
– Discuss how 90% of transactions will increase by at least 90 times
IV. Gas Efficient Data Structure
– Introduce the concept of gas efficient data structure
– Discuss how Aptos is using intelligent vectors and smart tables to optimize gas storage footprint
– Explain how this will lead to a reduction in overall execution costs
V. Decoupling Gas Costs
– Discuss the importance of decoupling gas costs from storage
– Explain how this allows for safely changing execution costs without affecting storage
– Discuss how this leads to further reduction in gas costs
VI. Unlocking APT Tokens
– Detail the number of APT tokens unlocked in the near future
VII. Conclusion
– Summarize the main points of the article
– Re-emphasize the significance of Aptos’ AIP-17 proposal in improving gas efficiency and lowering gas fees
Article:
**Aptos Community Approves AIP-17, Significant Improvements in Gas Efficiency and Lowering of Gas Fees Expected**
On April 12th, Layer 1 network Aptos made an exciting announcement on social media. According to the post, the Aptos community has voted to approve the AIP-17 proposal. This proposal is set to bring significant improvements to gas efficiency and lower gas fees on the Aptos network.
So, what exactly is the AIP-17 proposal? In simple terms, it is a proposal that aims to improve gas efficiency and reduce gas fees on the Aptos network. This is a significant development since gas fees have been a major issue for most blockchain networks. With rising gas fees, it has become challenging for users to carry out transactions on the network.
The significance of the AIP-17 proposal lies in its ability to increase execution gas usage by 100 times. Additionally, it is expected that 90% of transactions will increase by at least 90 times. These changes are significant since it will make it easier and more affordable for users to carry out transactions on the Aptos network.
To further improve gas efficiency, Aptos has introduced the concept of a gas efficient data structure. This means that Aptos is using intelligent vectors and smart tables to optimize gas storage footprint. This will lead to a reduction in overall execution costs. By improving gas efficiency, executing smart contracts on the Aptos network is becoming less expensive and less time-consuming.
Decoupling gas costs is another important aspect of Aptos’ efforts to improve gas efficiency. Decoupling refers to the process of separating gas costs from storage. This allows for safely changing execution costs without affecting storage, further reducing gas costs. This approach is unique since it not only improves current gas efficiency but also helps to maintain it in the long term.
Finally, data reveals that approximately 4.5 million Aptos native tokens APT will be unlocked in the near future. This means that more tokens will be available in the market, which might affect the price of APT tokens.
In conclusion, the Aptos network’s AIP-17 proposal is a significant development in the world of blockchain technology. It’s an essential step towards improving gas efficiency and reducing gas fees. Aptos’ approach, with intelligent vectors and smart tables to optimize gas storage footprint, coupled with decoupling, will reduce gas costs, positively impacting users on the network.
**FAQs**
Q: What are gas fees in blockchain networks?
A: Gas fees are a fee charged on the Ethereum network for processing transactions or executing smart contracts. Users pay gas fees to miners to verify transactions or contracts they create.
Q: How will the AIP-17 proposal affect existing Aptos network users?
A: The AIP-17 proposal will lead to an increase in gas efficiency and a reduction in gas fees on the Aptos network. Hence, existing Aptos network users will experience faster transaction speeds that will result in lower gas fees.
Q: Are there any other upcoming developments that Aptos has planned for the near future?
A: Aptos has several upcoming developments, including releasing new smart contracts, integration with other networks, and improving security on the Aptos network.
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