What is Automata Network?
Automata Network, based on a cross-chain computation protocol and privacy, is the 20th official Binance launchpad project. Through its decentralised service protocol, the project aims to provide a privacy layer for upcoming decentralised blockchain projects. High privacy, according to Automata, can prevent remote nodes from disclosing information about when and how data is accessed. In 2019, Automata was established as a project built by a skilled team with prior experience working on projects like Zilliqa, Long Hash, and others.
Actual usage cases Automata facilitate features like anonymous voting, TEE (Trusted Execution Environment), and miner extractable value (MEV) minimization with the aid of cryptography and privacy-protecting algorithms. Multiple chains, including Ethereum, Polkadot, the Binance Smart chain, and others, will be supported by the offered services. One of the most popular features that provides voters with an anonymous off-chain voting governance solution is witness. Zero transaction fees, on-chain execution, delegation, and vote privacy are among the key features of Witness, which supports many chains.
Conveyor solution based on MEV that will establish a front-running free zone to remove the chaos of transaction reordering and input and output transactions in a predetermined order. Only Automata offers privacy first functionality in both the storage and compute planes in the blockchain industry.
Automata Price Prediction
|Month & Year||ATA Price Prediction|
|Supported Chain||BSC, Ethereum|
|Wallet||Trust Wallet, Metamask|
ATA ICO Overview
|Platform used||Binance Launchpool|
|Date of ICO||2nd June 2021 to 2nd July 2021|
|Partners||Plasm, Celer Network, Clover Finance, Crust network, Bounce Financ , Math wallet.|
ATA Price Analysis
The Automata ecosystem’s utility token, or ATA, is built on the BEP-20 and ERC-20 token standards, which are based on the BSC and Ethereum Network. On June 7, 2021, ATA will be added to the Innovation Zone and will be tradable on various pairs with BTC, USDT, BNB, and BUSD. Every BNB, BUSD, and DOT holder will receive an airdrop of the ATA token as soon as it launches on the Binance launchpad. KR1, Jump Trading, and IOSG Ventures joined a 3.2 million dollar strategic and seed round of funding for Automata. Although the advertised price for ATA at the seed round might be higher than $0.040, it was only distributed at that amount. Early on, ATA might easily cross $1 USD, since the all-time high price might briefly exceed $5 USD.
Smart contracts that are designed to carry out a given function or mechanism but lack computation and storage privacy. Due to the lack of permissions, any new node can join, which can be harmful to stored private information. Presently, no one offers an all-encompassing solution to prevent frontrunning attacks and access to host unknown nodes. Automata is specifically focused on offering a centralised system and application solution with a privacy-first feature. Developers using an automata solution can create any new or current application while keeping it frontrunning resistant in a decentralised setting. Now, developers can build adaptable Dapps on the present blockchain infrastructure.