Automata Network Price (ATA)

Automata Network is a blockchain-based project that operates as a privacy middleware layer. It is built especially for dApps within the Web3 environment and enables a selection of privacy-providing tools. This includes Anonymous Voting and MEV (Maximal Extractable Value). The protocol aims to capitalize on the market demand for privacy-centric DeFi applications. The project has been developed by industry veterans with the aim to solve problems related to privacy. 

ATA is the project's native token. There is a maximum supply of 1,000,000,000 $ATA.

What are Automata Network’s key features and how does it work?

The Automata Network has 3 solutions geared toward improving blockchain privacy; witness, conveyor, and librarian:

• Automata Witness consists of a voting mechanism that can be customized with privacy features, it is designed for use across decentralized applications on a number of blockchains. Witness’ features include the ability to set privacy levels by project owners, low costs, and Chainhook. Chainhook facilitates automatic on-chain execution of tasks based on voting results.
• Conveyor consists of an MEV Minimization solution. The technology arranges transactions into a set order. This makes it impossible for malicious actors to inject new transactions into its output, or delete ordered transactions.
• Librarian facilitates no-tracking data indexing. This means that malicious actors cannot exploit the transparency of public blockchains and gather sensitive information.

The Automata Network is operated by various roles. These are:

• Geode, compute nodes, that are shielded and isolated computation environments;
• Geode Providers are nodes that host the Geode network, they receive rewards for their work;
• Geode Attestors ensure the integrity of the verification process. They assess the quality of the hardware and software of nodes;
• Validators, which are staking nodes, take part in the Proof-of-Stake consensus mechanism to secure the protocol;
• Control Planes manage the marketplaces for Geodes, as well as managing nodes, for example, distributing rewards;
• Compute Planes are where Geodes accept and complete work tasks;
• Service Planes are involved in the privacy of the network. They build and integrate privacy solutions into applications.