Automata (ATA) Feed: Events, News & Roadmap
Automata Events on the Chart
What is Automata?
Automata Network is a decentralized protocol offering a middleware privacy layer for dApps on multiple blockchains. It addresses critical privacy concerns such as Anonymous Voting and the reduction of Miner Extractable Value (MEV) by incorporating advanced cryptography, privacy-preserving algorithms, and trusted execution environments.
The network’s operational framework includes the “Witness”, an off-chain voting governance solution allowing users to vote anonymously without incurring gas fees. This system supports Ethereum, Binance Smart Chain, and Substrate-based EVM-compatible chains. Additionally, Automata is devising “Conveyor”, an MEV minimization tool that aims to prevent front-running by sequencing transactions in a predetermined order, thereby ensuring transactional integrity and preventing manipulations.
ATA, the native utility token of Automata, serves various functions: ATA holders can initiate and vote on platform proposals and parameters. Miners receive ATA for executing applications and transactions on the network. ATA bonding allows users to engage in Geode auctions.