# What Is Aptos? By [Amrit](https://paragraph.com/@argha-2) · 2023-04-04 --- **Aptos is a Layer 1 blockchain that uses the** [**Move programming language**](https://101blockchains.com/move-programming-language-tutorial/)**. The cryptocurrency promises users increased scalability, reliability, security and usability.** The Aptos genesis occurred on October 12, 2022, with Aptos blockchain's mainnet "Aptos Autumn" launched on October 17, 2022. The blockchain has raised millions of dollars from investors so far. Aptos is a Layer 1 blockchain built with a Rust-based programming language called Move. Its key features include a parallel execution engine, high-level security features and low transaction costs. ### Who Is Aptos Labs? Aptos Labs is the team behind the Aptos project. They currently lead a diverse team of developers, engineers and strategists headed by co-founders Mo Shaikh and Avery Ching. Shaikh and Ching met when they worked together on the Diem blockchain project at Meta. Shaikh specializes in scaling products, and has experience in the private equity and venture capital markets. Meanwhile, Ching was one of the principal software engineers at Meta and has led many exciting and innovative development projects in the past. When Meta chose to discontinue the Diem project, Shaikh and Ching decided to join together to create Aptos Labs. Aptos Labs’ motto is "Building a Layer 1 for everyone." The company is dedicated to creating the safest, most-reliable network possible. Though they've been around only a short time, their mission has already gained a lot of support. In two financing rounds, Aptos Labs has managed to raise [over $350 million in funding](https://www.coindesk.com/business/2022/07/25/aptos-labs-raises-150m-to-revive-diem-in-ftx-ventures-led-funding-round/), launched its developer testnet, and successfully handled millions of transactions and thousands of nodes. How Does the Aptos Blockchain Work? ----------------------------------- 1. Block-STM Technology 2. Move Programming Language 3. BFT Consensus Protocol --- *Originally published on [Amrit](https://paragraph.com/@argha-2/what-is-aptos)*