AutomataPrice

(ATA)

Automata Network (ATA) is a decentralized service protocol designed to function as a privacy middleware layer for decentralized applications (dApps) across various blockchain networks. Its primary goal is to deliver privacy-first, highly secure, and seamless transactions and services within the Web3 ecosystem. It tackles common Web3 challenges such as censorship, transparency issues, and potential intrusions by offering robust tools for secure and private data management and communication.

Automata's foundational technology relies on hardware-protected processing, prominently featuring Trusted Execution Environments (TEEs) such as Intel SGX. It is also notable for being the first to apply Oblivious RAM to decentralized applications. This methodology ensures computations are isolated and shielded, offering data protection even from network operators. The network integrates a control plane, secured by staking nodes, for protocol coordination, alongside dedicated compute and service planes for task execution and privacy solutions.

Automata Network provides a comprehensive suite of privacy-focused products and features. These include Anonymous Voting (Witness), an off-chain governance solution enabling private voting without identity disclosure or gas fees. It also offers MEV Minimization (Conveyor) to prevent front-running by pre-arranging transactions, and Do-not-track Indexing (Librarian) for secure, privacy-preserving data indexing on public blockchains. The network further supports cross-chain compatibility, connecting various blockchains to extend its privacy services.

The native utility token, ATA, serves several vital functions within the Automata Network ecosystem. ATA holders can participate in governance, creating and voting on proposals to influence platform enhancements and network settings. It is used for mining rewards, compensating compute and storage miners who operate applications and execute transactions. Users pay protocol fees in ATA for storage and computation services. Furthermore, ATA can be bonded for Geode allocation and restaked on compatible platforms to contribute to economic security and earn rewards for Attestation Verification Services.

Automata Network was established in 2019 by a group of experienced blockchain developers and researchers. Key figures among the founders include Zheng Leong, who holds a Ph.D. in computer science from the National University of Singapore and was a founding member of Ziliqa. Another prominent founder is Deli Gong, who previously served as the infrastructure lead at Ziliqa. Their collective expertise underpins the network's development and vision.

ATA tokens are available for purchase on various cryptocurrency exchanges. Typically, the process involves creating an account on a chosen platform, completing the necessary identity verification steps, and then selecting a preferred payment method to acquire the tokens. Users can often buy ATA using other cryptocurrencies through spot trading or conversion features offered by these platforms.