What is Automata Network? Complete set of Automata Network project and ATA token

• Automata Network project overview
• What is the Automata Network project?
• What are the highlights of the Automata Network project?
• Automata Network's Technical Infrastructure
• Roadmap of Automata Network project
• Automata Network developers, investors and partners
• Automata Network Community Overview
• Future growth strategies
• Overview of the ATA . token
• What is ATA Token?
• What is the function of the ATA token?
• Where can I buy ATA tokens?
• The future of the Automata Network project. Should I invest in ATA tokens?
• summary

Automata Network project overview 

What is the Automata Network project?

Automata Network is a decentralized service protocol that provides middleware-like security services for Dapps on Ethereum and Polkadot for privacy, high assurance, and computing power. easy.  

The protocol enables a number of use cases such as anonymous voting and miner extractable value (MEV) mitigation by leveraging the latest cryptography and privacy-preserving algorithms, and with a trusted execution environment (TEE).

What are the highlights of the Automata Network project?

Advantages of Automata Network

Automata Network aims to be recognized as a security service for DeFi and Web 3.0 , with a privacy middleware proposition. The aim of the project is 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 Web 3.0 purposes, including anonymous voting, minify miner extractable value (MEV), and zero-track indexing. These allow users to transact securely, regain control of their identity, and provide better building blocks for developers with open source code and APIs.

Its anonymous voting service, called Witness, offers low-cost, off-chain voting, results-based on-chain execution, and varying degrees of privacy, from private to public, based protocol requirements. The solution supports Ethereum, Binance Smart Chain, and other substrate-compatible EVM chains. Each of these functions can be used independently or in combination. Example: If a project wants to use Witness as a signaling engine without chaining:

• Zero gas fee: Voting is done off-chain so there is no gas cost.
• On-chain execution: Based on voting results, on-chain contracts registered during proposal generation can be activated.
• Privacy: Users can adjust and choose between different privacy levels from public to private voting. For private voting, only the voting results are published, while the identity of the voter and the number of votes cast will be hidden.
• Authorization: Users can delegate their voting rights to another address.

Conveyor is Automata's MEV mitigation solution, which is not chained and works seamlessly with DEXs like Uniswap. It imports and exports transactions in a defined order, so creating a no-run zone eliminates the chaos of transaction reordering. Features include gas-free trading, anti-priority, order privacy, and integration with other DEXs. Conveyor provides users with the following additional features:

• Anti-front-running: There is no front-running transaction on trading pairs that support Conveyor.
• Order privacy: The order of the transaction is not disclosed, unless it is determined and cannot be changed. No one, not even the storage nodes, will know the order before it is decided.

A few other highlights of Automata Network

The explanatory method can be verified

When Geode completes the specified tasks, various accounting methods are used to determine its compensation. The pay-as-you-go method allows users to pay for a calculation on their demand (use) or schedule a payment, such as hourly, daily, monthly, or yearly. 

Applicability and speed of Dapp

Automata's ultimate goal is to give developers the tools they need to create powerful applications that can compete with online or mobile apps in general.

Interoperability backed by a consistent cross-chain support system

Automata Network provides simultaneous privacy protection interfaces for different blockchains to exchange data and collaborate on a shared data file. 

Some notable news

• March 2021: Project selected to Berkeley Blockchain Xcelerator 2021 Cohort. Besides, the project raised 1 million USD in the seed round led by Alameda, KR1, Divergence, IOSG… co-led.
• April 2021: Automata Network launches Witness, currently supported by Plasm, Clover Finance, Crust, Bounce Finance, MathWallet and Celer Network.
• May 2021: The project is mentioned on Bloomberg as a privacy-focused solution. Additionally, the project is on Mainstage of Polkadot Decoded 2021 in the event's first community-managed lineup. At the same time, the project also raised $ 2.4 million in a strategic round participated by KR1, Jump Trading and IOSG Ventures.

Automata Network's Technical Infrastructure

Automata's protocol design overview

Automata node

There are two types of nodes in Automata Network:

Automata Validator

Automata Validator participates in finding Proof-of-Stake consensus. They are also responsible for any “pilot” related duties, including the management of:

• Register both staking and storage nodes.
• Distributing work duties and rewards.
• The marketplace is a place to buy and sell computing power.

Automata Geode

Automata Geode uses a number of advanced technologies, including visible RAM, to successfully create a protected and isolated environment that conceals data access patterns.

Automata plane

Automata Validator and Automata Geode interact with each other on 3 planes, namely Control, Compute and Service. Each plane serves a distinct and important function:

• The Control plane is the dispatcher. The validator maintains a copy of the protocol state so that the geocode can receive new tasks and report their status.
• The Compute plane is the executor. This is where Geode can complete scheduled tasks and submit proof of execution.
• Where Service is user-oriented. Vendors can develop and run applications in Geode without actually hosting Geode.

Automata's products

• Cross-chain Service Plane Prioritizing Privacy: Automata provides security services for different blockchains, allowing users to control their data.
• Protected and Unbiased Compute Plane: The security of compute in Automata can be stronger than in centralized web services like AWS.
• The Control plane is elastic and extensible: It is operated by a group of nodes that zone and govern interactions between protocol participants.
• The Ledger: Automata plane provides an interface for multiple blockchains to exchange data and collaborate on agreed data sets in an atomic way, while protecting privacy. 

Roadmap of Automata Network project

Automata Network's Roadmap Includes Stages

Genesis (Carboniferous Period)

The moment marked the beginning of Automata Network's decentralization. The network will start with a set of authority nodes to kickstart block production, with more features unlocked in subsequent phases through fork-free upgrades.

Original Token (Permian Period)

Automata's native token, ATA, will work on the network with transfers (allowed). Once the network starts processing token transfers, this will lay the groundwork for native token usage in every aspect of the network, including network fees, governance voting, staking, and more.

Bridge Token (Triassic Era)

A bridge token will be launched to allow users to convert between ERC-20 ATA and native ATA. Existing ERC-20 ATA token holders can connect their tokens to Automata Network and receive native ATA tokens for purposes ranging from paying transaction fees to participating in future chain governance.

External Integration (Jurassic Era)

As the network grows, more community-maintained nodes will be allowed to join the network to further decentralize the network. This helps to test the connectivity and stability of the network. Integration with explorers, wallets, and exchanges will also begin at this stage.

Use Cases (Cretaceous Period)

The first wave of middleware services developed by Automata will be brought to the network. Users can interact with these services through bridges with ATA tokens. More use cases will be added to the network as the network scales in the next phases.

Scaling (Paleogene Period)

The network will begin upgrading to the nominated Nominated Proof of Stake consensus to grow the network with external validators. Incentive rewards will be distributed to validators and token holders who nominate validators. The network size will increase in a controlled manner.

Governance (Neogene Era)

Decentralized governance will initiate and replace sudo privileges previously secured by the Automata team. The network goes into a higher hierarchy of management structure. Token holders can submit suggestions to improve the network.

Compute Plane (Quaternary Period)

The Control plane will enter a steady state after passing the previous stages successfully. Future stages will continue to be based on the expansion of the Compute plane, where a computer node (Geode) will join the network to host middleware services. Multiple roles will be accepted into the network, including geocoder, geocoder, and service provider.

Automata Network developers, investors and partners

Development team

Automata was founded in 2019 by a group of blockchain developers and researchers, including former founding members of Ziliqa. Co-founder Zheng Leong Chua holds a PhD in computer science from the National University of Singapore. Meanwhile, another co-founder, Deli Gong, previously worked at Ziliqa as an infrastructure leader. The group has a total of 11 people and has received a Web3 Grant (2020), including a participant in the Web 3.0 Bootcamp (2020), Berkeley Blockchain Xcelerator (2021) and a Polkadot Decoded Mainstage speaker (2021).

Investors

The project was recently invested strategically by Binance Labs. In addition, other Automata Network investors include well-known names such as KR1, Alameda Research (founded by FTX executive Sam Bankman-Fried), IOSG Ventures, Divergence Capital, Genesis Block Ventures and Jump Trading. 

Partner

Automata Network's current partners include famous blockchain networks such as: MathChain, Celer Network, Celer Network, Crust Network, Moonbeam, Litentry, Clover Finance, Litmus and Astar.

Automata Network Community Overview

Automata Network intends to grow a global community and establish a social media presence with national bases. With its proposal to provide a secure middleware layer for cross-chain Dapps, Automata Network aims to be recognized as a security service for DeFi and the overall Web 3.0 space.

Current community development strategies include:

• Consistent content system for educating and interacting with community members.
• Schedule regular content on social media platforms to expand and grow your following.
• Publish original research as MEV.Wiki to expand thought leadership spread.
• Participate in industry events, such as Polkadot decoded to boost presence.
• Provide monthly updates on the latest project news, developments and technical advancements through blog posts and newsletters.
• The dedicated and professional team manages and monitors social channels 24/7.

Future growth strategies

• Launch a marketing campaign in conjunction with the Binance Launchpool listing: Active influencers include institutions and tier one investors with distinct know-how, as well as individual community leaders. Numerous partnership announcements, inter-project AMAs, and interviews were conducted with strategic industry partners. The project continues to cover the media, leveraging the positive relationships it has built with media outlets such as Coindesk and ChainNews.
• Launch of the public MEV toolkit to strengthen and enhance thought leadership around various topics.
• Launch the program of ambassadors to contribute and advocate for the project.
• Host online meetups, events, and webinars for greater exposure to the community.
• Create product guides, demos and updates every two weeks for the community. 

Overview of the ATA . token

What is ATA Token?

ATA is Automata Network's native utility token

ATA . Token Details

• Token: ATA
• Blockchain network: ERC-20 and BEP-20
• Total supply: 1,000,000,000 ATA
• Supply of circulation: 172,252,000 ATA

Token sales

Token Allocation

Token payment schedule

What is the function of the ATA token?

• Governance: ATA token holders can create and vote on proposals, platform features, and network parameters.
• Mining Rewards: Computer 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 compute work tasks.
• Geode Allocation: Users can link ATA tokens to participate in Geode auctions.  

Where can I buy ATA tokens?

The ATA token is currently available on most of the major exchanges in the market.

The future of the Automata Network project. Should I invest in ATA tokens?

Security and decentralization are key factors for many organizations to choose blockchain. However, not many blockchains meet this criterion. Automata Network plans to fill that hole through its products like Intel SGX which use encryption and remote authentication to ensure end-user privacy from all angles. Automata Network can bank on this feature and get more investments from potential institutions that value their security.

Automata Network has raised $2.4 million from Binance Launchpool, which has given the project a good reputation in the crypto market. 

Currently, considering many volatility factors, it is difficult to say in which direction Automata Network will tilt, which is why investors should keep an eye on market indicators and technical opinions of crypto experts before investing in this token. 

summary

Automata Network is an off-chain privacy security solution that allows users to participate in voting without revealing their identity during blockchain governance. This is a relatively potential project and can be developed in the future.

For more information about the Automata Network project, readers can access the media channels below:

Website | Twitter | Discord | Medium | Telegram | Docs