Automata
Current price
$0.0007874
−0.04%24h
LiveUpdated 28s ago
TodayAutomata is flat, outpacing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.78%
- 24 hours−0.04%
- 7 days+12.12%
- 30 days+10.96%
- 1 year−97.47%
Automata's move in context
Beating the market today
−0.04% today against −3.26% for the market as a whole, a gap of 3.2 points. A gap this wide suggests something specific to Automata may be moving it, not just the market mood.
Part of a climb
+12.1% over 7 days and +11.0% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Automata
Overview
Automata is a decentralized service protocol that offers a suite of middleware services for applications deployed on blockchain networks. Its primary goal is to enable privacy-focused, secure, and fair computation with a different set of use cases, such as anonymous voting and miner extractable value (MEV) minimization. Automata aims to distinguish itself through its focus on privacy-preserving technologies and seamless interoperable services that cater to multiple chains and ecosystems. Built with a vision to disrupt and improve the entire decentralized ecosystem, Automata emphasizes transparency and impartiality, striving to create a fairer digital world, one transaction at a time.
Technical Features
Automata Network employs a unique consensus mechanism that is designed to ensure fast and reliable transactions without compromising security. The network features a novel approach to guaranteeing transaction privacy and preventing electoral manipulation through its Witness product, which uses cryptographically secure anonymous voting. Additionally, Automata utilizes a set of privacy-focused technologies, such as Oblivious RAM (ORAM) and multi-party computation, to ensure that user data remains confidential and secure. These technologies enhance Automata’s security model, allowing it to provide privacy preserving smart contracts and minimizing MEV.
The network architecture of Automata is built to support cross-chain interactions and is geared toward providing support for decentralized applications across multiple blockchain platforms. Its API interfaces are designed to be straightforward and intuitive, allowing developers to integrate Automata’s tools and services with ease. The protocol is completely decentralized and aims to operate efficiently and securely without reliance on a centralized authority.
Use Cases
Automata offers a wide range of use cases, making it applicable in various spheres of the blockchain landscape. One of its key applications is in decentralized finance (DeFi), where it provides privacy-preserving services to secure sensitive transactions. Automata enables confidential asset transfers, allowing users to conduct transactions without exposing transaction details to prying eyes. In addition to DeFi, the protocol supports decentralized governance applications through its privacy-focused voting tools, ensuring that electoral results reflect honest choices.
The Automata protocol also addresses miner extractable value (MEV) manipulation, which is a critical issue in transaction ordering within blockchains that leads to value extraction by miners at the expense of end-users. Its MEV minimization services offer protection against unfair transaction reordering and front-running, enhancing the integrity of financial exchanges on blockchain networks.
Development Background
Automata Network was founded by notable figures in the blockchain space and has seen significant support from a community of developers and researchers since its inception. The project has benefited from various rounds of strategic investment and has received backing from entities committed to advancing privacy and security in the digital finance domain. The mainnet launch of Automata marked a pivotal moment for the platform, establishing it as a serious contender in the space of decentralized privacy solutions. Significant milestones in its development history include partnerships with major blockchain projects and the continual expansion of its suite of products to enhance blockchain privacy and security.
Community and Ecosystem
Automata boasts a thriving community and a robust ecosystem. Its open-source nature encourages continuous development and innovation from contributors worldwide. This has led to a dynamic network of developers actively working on improving and expanding the capabilities of Automata’s protocol. The project has established partnerships with a diverse range of blockchain platforms, ensuring interoperability and wider reach across the entire decentralized spectrum. Projects and applications that prioritize privacy and fairness naturally align with Automata’s mission, further expanding its ecosystem with varied use-cases.
Future Potential
Automata holds significant potential to shape the future of privacy-preserving technologies in the blockchain industry. Its focus on confidentiality, security, and fairness positions the protocol as a crucial infrastructure component for developers looking to build privacy-first applications. With continuous advancements and an ambitious roadmap that includes expanding service features and increasing cross-chain compatibility, Automata is well-placed to become a major player in the decentralized landscape. As blockchain technology matures, Automata's commitment to fostering an equitable online milieu will likely drive wider adoption and ensure its prominence in the ecosystem.
Automata market
- Position by market cap among the coins we track.
- #402
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $787.41K
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0007532High $0.000835
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $2.36
- Now 0% of itReached 7 Jun 2021 · Needs +299,621% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1B ATA
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 1B ATA
- The most coins that can ever exist. Some coins have no limit.
Automata converter
1 Automata = $0.0007874