Amazing Facts about ATA
What is Automata Network (ATA)?
Automata Network (ATA) is a platform that delivers private web services tailored for decentralized applications (DApps) on the Web3, which denotes a decentralized internet based on blockchain technology. By offering high-assurance, seamless, and decentralized transactions, Automata Network empowers DApps and businesses, with a core mission to actualize the Web3 vision by providing essential features and infrastructure.
Who are the Founders of Automata Network (ATA)?
The founders of Automata Network are industry experts and researchers who previously worked at Zilliqa, LongHash, and Singapore’s National University. The platform was established in 2019 and has received several accolades, including a Web3 Grant in 2020 and participation in several blockchain boot camps and accelerator programs.
What are the Functions of Automata Network (ATA)?
One notable aspect of Automata Network (ATA) is its provision of private governance, enabling users to vote in blockchain governance without revealing their identity or preferences. The platform also incorporates MEV minimization, ensuring that the order of events on the blockchain remains undisclosed and unaltered.
What is the Total Volume of Automata Network (ATA) in Circulation?
ATA has a circulating supply of 459.64M coins and a maximum supply of 1.00B ATA. However, this figure is subject to change over time.
What are the Working Principles of Automata Network (ATA)?
In the realm of node participation, Automata Network introduces two distinct types: Automata Validators and Automata Geode, both contributing to enhancing the protocol’s performance. Validators, requiring a stake of tokens, manage various control-plane tasks, including rewarding Geodes for task completion. Conversely, Geodes furnish a secure and straightforward computation environment for task execution, facilitating privacy-preserving operations across different blockchains.
The envisioned features for DApps on Automata Network extend beyond token-related activities. The platform comprises four planes: ledger, compute, control, and service. Notably, Automata introduces a privacy-first, multi-blockchain service plane to empower decentralized applications with privacy services.
Service vendors have the capability to develop tooling services using Geode for integration into DApps, offering users complete control over their data. A shielded and unbiased compute plane further enhances privacy by concealing data access patterns from hosting nodes, ensuring the safety and security of user data.
How Secure and Protected is Automata Network (ATA)?
An elastic and scalable control plane plays a pivotal role in safeguarding the overall protocol, overseeing interactions among multiple participants. Both Genode providers and Automata Validators stand to earn rewards through staking and hosting. Finally, the platform provides developers with tooling to construct advanced decentralized applications without constraints, fostering innovation within the ecosystem.
Where Can I Trade Automata Network (ATA)?
The most popular and efficient cryptocurrency exchange for trading ATA token are Binace, Coinbase, Kucoin and Coinex.
