Automata is a high-performance compute protocol that empowers Web 3.0 applications and businesses with privacy-first, high assurance, and friction-less transactions. Its mission is to provide the functionalities and infrastructure necessary to realize the vision of a seamless Web 3.0 experience. It tackles the lack of transparency in data ownership, censorship, and intrusion into personal privacy.

Automata’s products include:

• Privacy-first cross-chain service plane: Automata offers privacy services for various blockchains that let users control their data.
• Shielded and unbiased compute plane:the degree of privacy of computation in Automata can be stronger than in centralized web services like AWS.
• Elastic and scalable control plane: it is operated by a group of staking nodes and governs interactions between participants of the protocol.
• Ledger plane: Automata provides interfaces for multiple blockchains to exchange data and cooperate on the agreed set of data in an atomic and privacy-preserving manner.

Automata 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. In total, the team numbers 11 people and 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). The team’s investors include illustrious names like KR1, Alameda Research, founded by FTX CEO Sam Bankman-Fried, IOSG Ventures, Divergence Capital, Genesis Block Ventures and Jump Trading.

Automata Network aims to be recognized as the go-to privacy service for DeFi and Web3 with its proposition of privacy middleware. It aims to fill a gap in the market by providing privacy-focused solutions that integrate with existing blockchain infrastructure in an intuitive, seamless manner. Its applications are built for Web3 purposes and include anonymous voting, miner extractable value (MEV) minimization, and do-not-track indexing. These allow users to transact safely, regain control of their identity, and offer better building blocks to developers with open-source code and APIs.

Its anonymous voting service is called Witness and offers 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. The solution supports Ethereum, Binance Smart Chain, and other Substrate-based EVM-compatible chains. Each of these functions can be used as standalone or together, e.g., if a project wants to use Witness as a signaling tool without on-chain execution.

Conveyor is Automata’s MEV minimization solution that is chain-agnostic and works seamlessly with DEXes like Uniswap. It ingests and outputs transactions in a determined order, thereby creating a front-running-free zone that removes the chaos of transaction reordering. Features include gasless trading, anti-front running, privacy on ordering, and integration with other DEXes.

ATA is a BEP-20 and ERC-20 token with a total supply of 1 billion and a current circulating supply of 172 million. As the native utility token of the Automata Network, it has several use cases:

• Governance: ATA token holders can create and vote on proposals, platform features and network parameters.
• Mining rewards: Compute and storage miners earn ATA tokens by running applications and executing transactions for users on the network
• Protocol fees: Users pay miners for storage and computation tasks
• Geode allocation: Users can bond ATA tokens to participate in Geode auctions

ATA is BEP-20 and ERC-20 on the Binance Smart Chain.

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.

Automata raised $2.4 million in funding from the Binance Launchpool in June 2021. Before that, it closed a seed round in March 2021 with $1 million in funding.

ATA is available on Binance, PancakeswapV2 and Gate.io.

The all-time high of ATA was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Automata Network (ATA) is 0. The current price of ATA is down 0% from its all-time high.

As of , there is currently 562.60M ATA in circulation. ATA has a maximum supply of 0.

The current market cap of ATA is 74.42M. It is calculated by multiplying the current supply of ATA by its real-time market price of 0.132274016605.

The all-time low of ATA was 0 , from which the coin is now up 0%. The all-time low price of Automata Network (ATA) is 0. The current price of ATA is up 0% from its all-time low.

Automata Network (ATA) has a market capitalization of $74.42M and is ranked #647 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Automata Network (ATA) price trends and patterns to find the best time to purchase ATA.