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Automata Network

ATA

Trade Automata Network on DEX

Automata Network can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

About Automata Network

ATA is an Ethereum token that powers Automata, a suite of privacy solutions for decentralized applications. Automata solutions include Witness (a private voting solution for DAOs), Conveyor (enabling MEV prevention for dapps), and Librarian (enabling privacy for data query and indexing on public blockchains). In the future, Automata plans to transition to a “Nominated Proof of Stake” network where ATA will be used for staking, paying transaction fees, and voting on the future of the network.

Automata Network (ATA) is a high-performance compute protocol that strives to empower Web 3.0 applications and businesses with privacy-first, high assurance, and friction-less transactions. It aims to provide the functionalities and infrastructure necessary to realize the vision of a seamless Web 3.0 experience. Automata Network addresses the lack of transparency in data ownership, censorship, and intrusion into personal privacy. It provides privacy services for various blockchains, allowing users to control their data. The degree of privacy of computation in Automata can be stronger than in centralized web services.

Automata Network operates through a group of staking nodes and governs interactions between participants of the protocol. It provides interfaces for multiple blockchains to exchange data and cooperate on the agreed set of data in an atomic and privacy-preserving manner. Automata Network's applications aim to serve Web3 purposes and include anonymous voting, miner extractable value (MEV) minimization, and do-not-track indexing. These applications allow users to transact safely, regain control of their identity, and provide better building blocks to developers with open-source code and APIs.

Automata Network has several potential use cases. Its anonymous voting service, called Witness, provides low-cost, off-chain voting, on-chain execution based on the results, and different levels of privacy, ranging from private to public, based on the protocol’s requirements. Automata's MEV minimization solution, Conveyor, aims to be chain-agnostic and work seamlessly with decentralized exchanges. It ingests and outputs transactions in a determined order, thereby creating a front-running-free zone that removes the chaos of transaction reordering. Automata Network also provides a modular attestation layer with attestation conducted fully on-chain for out-of-protocol computation, forming the basis for Proof of Machinehood.

Automata Network was founded in 2019 by a team of blockchain developers and researchers, including previous founding members of Ziliqa. Co-founder Zheng Leong Chua holds a PhD in computer science from the National University of Singapore, while the other co-founder Deli Gong previously worked at Ziliqa as infrastructure lead. The team has been a recipient of Web3 Grant (2020), a participant of the Web 3.0 Bootcamp (2020), Berkeley Blockchain Xcelerator (2021), and Polkadot Decoded Mainstage speaker (2021). Automata received $2.4 million in funding in June 2021 and closed a seed round in March 2021 with $1 million in funding.

Automata Network (ATA) leverages advanced cryptography and privacy-preserving algorithms, including zkSNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge), which aims to offer improvements in data privacy on the blockchain. zkSNARKs allow a party to prove that a given statement is true, without revealing any information about the statement itself. This technology is intended to support the integrity and confidentiality of user data, allowing users to prove the validity of certain statements without revealing the actual data behind them. Automata also uses a Layer 2 solution called zkRollup, which is intended to support scalability and privacy by aggregating multiple transactions into a single commitment on the Ethereum blockchain. This is intended to reduce the need for unnecessary data to be stored on the Ethereum blockchain, potentially reducing bloat and aiming to improve overall efficiency. Automata's use of zkSNARKs and zkRollup is intended to support privacy, scalability, and efficiency in the world of decentralized applications.

Automata's middleware layer strives to address the challenges of privacy, security, performance, and interoperability in the Web3 ecosystem. It utilizes contemporary cryptography and privacy-preserving algorithms, along with Trusted Execution Environments (TEE), to enable various use cases such as Anonymous Voting, Miner Extractable Value (MEV) Minimization, and Do-not-track Indexing. It also seeks to safeguard user data from potential exploitation by third parties, including DApp developers, service providers, and malicious actors, for their own purposes or to cause harm.

"Secret contracts" are a distinctive feature of the Automata Network. These contracts resemble smart contracts, but they have a key distinction: the contract input, output, and state are encrypted. This means that all data associated with the contract is stored as ciphertext on-chain and is only accessible by the owner, either the contract or the user. This feature strives to enhance privacy and security aspects for users. Secret contracts are constructed using the CosmWasm framework, which enables developers to write smart contracts in Rust that compile to WebAssembly (Wasm). CosmWasm utilizes binary and a low-level typed coding language, providing a method for developers to write smart contracts. Secret contracts are compatible with Inter-Blockchain Communication (IBC), facilitating cross-chain logic with other IBC-connected chains.

Automata Network's integration with Polkadot, specifically with Moonbeam, a smart contract platform on Polkadot, strives to bring private, off-chain governance to the Polkadot ecosystem. This integration is powered by Automata Network's decentralized service protocol. The integration with Witness, a product of Automata Network, allows Moonbeam dApp developers to measure and enforce community consensus in a decentralized and private manner. Witness is an off-chain governance platform that provides a simple interface for users to create governance proposals and vote on them while maintaining their anonymity. This integration intends to offer improvements within the overall network ecosystem by providing additional protocol governance options, privacy features, and a platform for decentralized communities to discuss and vote on key issues. It intends to foster participation in the governance process by reducing the need for gas costs through off-chain voting.

Market

France Market Stats

Market cap

€91.9M

Volume (24h)

€15.9M

Circulating supply

488.5M ATA

Typical hold time

Not enough data

Popularity

#447

All time high

€2.38

Price change (1h)

+3.13%

Price change (24h)

-0.8%

Price change (7d)

+10.61%

France News about Automata Network

BeInCrypto • Apr 27, 24

Vitalik Buterin Defends Ethereum’s Transition to Proof-of-Stake (PoS)

Vitalik Buterin said the PoS transition was necessary to align with the network's long term goal and also address energy consumption concerns.The post Vitalik Buterin Defends Ethereum’s Transition to Proof-of-Stake (PoS) appeared first on BeInCrypto.

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The Defiant • Apr 27, 24

Our Most Read Stories This Week: Telegram & Stripe Payments; $12M CryptoPunk; Consensys vs. SEC; Renzo Depeg

The Defiant's most read stories for the week of April 22.

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BeInCrypto • Apr 27, 24

Oklahoma’s New Law Protects Citizens’ Bitcoin Ownership Rights

This move reflects Oklahoma's commitment to protecting its residents' Bitcoin ownership rights amid ongoing regulatory challenges facing the cryptocurrency industry nationwide.The post Oklahoma’s New Law Protects Citizens’ Bitcoin Ownership Rights appeared first on BeInCrypto.

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BeInCrypto • Apr 27, 24

New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto

UK's new cryptoasset legislation enables authorities to confiscate items like passwords and memory sticks that could aid criminal inquiries.The post New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto appeared first on BeInCrypto.

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Decrypt • Apr 27, 24

This Week in Coins: Bitcoin Stumbles but Meme Coins Come Out Winning—Again

Bonk, Pepe, and Floki are among the biggest gainers of the past seven days.

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BeInCrypto • Apr 27, 24

5 Altcoins You Should Keep an Eye on in May

These crypto assets have been overlooked in the past few weeks but the coming month could change things up.The post 5 Altcoins You Should Keep an Eye on in May appeared first on BeInCrypto.

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Social

Some highlights about Automata Network on social media

111 unique individuals are talking about Automata Network and it is ranked #79 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Automata Network has an average sentiment score of 3.7 out of 5. Finally, Automata Network is becoming more newsworthy, with 0 news articles published about Automata Network. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Automata Network. There were 48.32% of tweets with bullish sentiment compared to 12.7% of tweets with a bearish sentiment about Automata Network. 38.98% of tweets were neutral about Automata Network. These sentiments are based on 567 tweets.

On Reddit, Automata Network was mentioned in 3 Reddit posts and there were 6 comments about Automata Network. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

111 people

Volume rank

#79

Average Sentiment

3.7 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Automata Network is on the rise this week.

The price of Automata Network has increased by 3.13% in the last hour and decreased by 0.80% in the past 24 hours. Automata Network’s price has also risen by 10.61% in the past week. The current price is €0.19 per ATA with a 24-hour trading volume of €15.94M. Currently, Automata Network is valued at 92.11% below its all time high of €2.38. This all-time high was the highest price paid for Automata Network since its launch.

The current circulating supply of Automata Network is 488,500,979.25 ATA which means that Automata Network has as total market cap of 488,500,979.25.

FAQ

What is the current price of Automata Network?

We update our Automata Network to EUR currency in real-time. Get the live price of Automata Network on Coinbase.

What is the market cap of Automata Network?

The current market cap of Automata Network is €91.89M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Automata Network?

The all-time high of Automata Network is €2.38. This all-time high is highest price paid for Automata Network since it was launched.

What is the 24 hour trading volume of Automata Network?

Over the last 24 hours, the trading volume of Automata Network is €15.94M.

What other assets are similar to Automata Network?

Assets that have a similar market cap to Automata Network include Aergo, TrueFi, Clearpool, and many others. To see a full list, see our comparable market cap assets.

How many Automata Network are there?

The current circulating supply of Automata Network is 489 million.

What is the relative popularity of Automata Network?

Automata Network ranks 277 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Automata Network?

Currently, 80% of Coinbase users are buying Automata Network. In other words, 80% of Coinbase customers have increased their net position in Automata Network over the past 24 hours through trading.

Can I buy Automata Network on Coinbase?

Yes, Automata Network is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Automata Network guide.

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