Buy Automata (ATA)

What is Automata?

Automata Network is a decentralised service protocol that provides privacy middleware for Web3 applications, focusing on enhancing privacy and security within the blockchain ecosystem.

How does Automata work?

Automata Network utilises a hybrid consensus mechanism combining Proof-of-Stake (PoS) and Proof-of-Authority (PoA) to offer high scalability, interoperability, and security for its users. The network supports interoperability with other blockchain networks, enabling seamless transfer of assets and data across platforms. Automata employs specific algorithms such as Proof of Machinehood and Trusted Execution Environment (TEE) coprocessors to maintain confidentiality in user data and transactions.

What are the potential use cases for Automata?

Automata's potential use cases include anonymous voting, MEV minimisation, and private data storage and computation. Its real-world applications extend to decentralised finance (DeFi), non-fungible token (NFT) marketplaces, gaming platforms, and healthcare data management. The industries impacted by Automata's solutions include finance, healthcare, gaming, social media, and supply chain management.

What is the history of Automata?

Founded in 2019 by Zheng Leong Chua and Deli Gong, Automata Network has reached significant milestones including receiving a Web3 grant and participating in the Berkeley Blockchain Xcelerator. Notable advancements in their technology include modular attestation layers and TEE coprocessors, with a focus on enhancing privacy features for decentralised applications. The project raised significant funding from Binance Launchpool and formed partnerships with investors such as KR1 and Alameda Research.