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Automata Network Stock

Automata Network

ATA

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Automata Network Whitepaper

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Automata Network FAQ

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### What is Automata Network? Automata Network is a cutting-edge decentralized service protocol designed to offer a privacy-first, high-assurance middleware layer for dApps across multiple blockchains. By providing innovative privacy features for both data and computation, the network ensures robust anonymity for blockchain transactions and scalable performance for decentralized applications. To learn more about its market performance and other metrics, you can check it out on Eulerpool.

Automata Network (ATA) is revolutionizing privacy and security within the blockchain industry through its modular attestation layer, enhancing machine trust on Ethereum with the use of TEE Coprocessors. This innovative method incorporates elements such as Conveyor, Intel SGX, and App-Specific Rollup, providing robust solutions for decentralized applications. By utilizing TEE technology, Automata Network maintains data integrity and confidentiality, essential for secure blockchain operations. The network's structure includes a Multi-Prover AVS, which initiates TEE Committees to strengthen security for rollups using a secondary TEE Prover. This design is crucial for maintaining the integrity of transactions and computations on the blockchain. Automata Network has advanced further by launching on Optimism's OP Stack, thereby broadening its reach and capabilities within the Ethereum ecosystem. Community engagement is a vital component of Automata Network, with a strong presence of 21.6K followers on Twitter, highlighting its growing influence and adoption. The network's dedication to privacy and security is evident in its ongoing development and integration of advanced technologies, establishing it as a leading entity in the blockchain sector.

What technology underpins Automata Network?

Automata Network (ATA) is distinguished in the blockchain environment for its innovative methods of enhancing security and privacy. Fundamentally, Automata Network serves as a modular attestation layer, which is an advanced system designed to verify and validate transactions and operations. This layer extends machine trust to Ethereum, one of the most widely adopted blockchain platforms, through the use of Trusted Execution Environment (TEE) Coprocessors. These coprocessors are specialized hardware elements that create a secure area within the main processor, ensuring the protection of sensitive data and operations from unauthorized access and tampering. The integration of TEE Coprocessors is pivotal in preventing attacks by malicious actors. By sequestering sensitive computations within a secure enclave, TEE guarantees that even if the primary operating system is compromised, the data and processes inside the enclave remain secure. This is similar to having a secure vault within a building; even if the building is breached, the contents of the vault remain safeguarded. This technology holds significant importance in the blockchain sector, where the integrity and confidentiality of transactions are critical. Automata Network enhances its security framework further with the Multi-Prover Anonymous Voting System (AVS). This system initializes TEE Committees to bolster the security of rollups, which are a technique for scaling blockchains by processing transactions off-chain before combining them into a single transaction on the main chain. The secondary TEE Prover functions as an additional verification layer, ensuring that the rollup process is both efficient and secure. This layered security strategy is vital in maintaining the trust and reliability of blockchain networks, particularly as they evolve to support more users and transactions. In addition to security, Automata Network addresses privacy concerns, which are becoming increasingly significant in the digital era. By leveraging its modular attestation layer, the network offers solutions that allow users to retain control over their data and interactions. This is accomplished through privacy-preserving technologies that prevent unnecessary exposure of user data, meeting the growing demand for privacy in digital transactions. The technology underpinning Automata Network also supports decentralized applications (dApps) by offering a robust infrastructure that is dependable for developers. This infrastructure is designed to be flexible and scalable, enabling developers to create applications capable of managing a large user base without sacrificing security or performance. By providing a secure and private environment for dApps, Automata Network empowers developers to innovate and develop solutions that cater to a diverse range of users. In the larger context of blockchain technology, Automata Network's methodology signifies a significant leap forward in managing security and privacy. Through the integration of TEE Coprocessors and a modular attestation layer, it delivers a comprehensive solution that addresses some of the most critical challenges in the blockchain realm. This positions Automata Network as a significant player in the ongoing advancement of blockchain technology, as it continually pushes the limits of what is achievable in terms of secure and private digital interactions. For more information, visit Eulerpool.

What practical applications does the Automata Network offer in real-world scenarios?

Automata Network (ATA) is a blockchain solution designed to enhance privacy, security, and efficiency within the decentralized ecosystem. By leveraging Trusted Execution Environment (TEE) coprocessors, Automata Network extends machine trust to Ethereum, ensuring secure and private transactions. This technology is crucial for maintaining data integrity and confidentiality in blockchain applications, making it especially valuable for industries requiring high levels of security. A significant application of Automata Network lies in its role within the Web 3.0 ecosystem, where it protects privacy and fairness. This is achieved through services like 1RPC, a Web3 service protocol that enhances the security and privacy of decentralized applications. By providing a secure communication layer, Automata Network ensures that user data remains confidential and protected from malicious actors. Automata Network also facilitates the creation of deterministic smart contracts, which are essential for executing reliable and predictable transactions on the blockchain. These smart contracts can be utilized across various sectors, including finance and supply chain management, to automate processes and reduce the risk of human error. Additionally, Automata Network supports asset tokenization, enabling real-world assets to be represented digitally on the blockchain. This capability opens up new opportunities for fractional ownership and trading of assets, making it easier for individuals and businesses to access and invest in a wide range of assets. The network's modular attestation layer establishes hardware trust through machine attestations on-chain, further enhancing the security of blockchain operations. This feature is particularly beneficial for rollups, where Automata Network's Multi-Prover Advanced Verification System and TEE Committees collaborate to bolster security with a secondary TEE prover. Furthermore, Automata Network's integration with Golem, a peer-to-peer network for renting resources, demonstrates its versatility within the blockchain industry. By facilitating resource sharing, Automata Network contributes to a more efficient and decentralized computing environment.

What significant events have occurred for Automata Network?

Automata Network (ATA) is a modular attestation layer designed to enhance machine trust within the Ethereum ecosystem utilizing TEE Coprocessors. This innovative approach aims to strengthen the security of rollups through a secondary TEE Prover, positioning it as a significant player in the blockchain industry. In a noteworthy advancement, Automata Network deployed on Optimism's OP Stack, marking a strategic effort to integrate with the Superchain ecosystem. This collaboration underscores Automata's dedication to expanding its technological capabilities and enhancing interoperability within the blockchain community. By joining the Superchain ecosystem, Automata Network aims to harness the collaborative potential of blockchain technologies, thereby reinforcing its standing in the industry. A prominent initiative was the hosting of a $50,000 ATA airdrop. This effort not only aimed to broaden the distribution and accessibility of ATA tokens but also served as a strategic maneuver to engage the community and encourage participation in the network. Airdrops are a prevalent practice in the cryptocurrency sector, often utilized to reward loyal users and attract new participants to the ecosystem. Automata Network has also been actively participating in various events and making strategic announcements to emphasize its progress and innovations. These activities are part of a broader strategy to highlight the network's advancements in privacy and fairness, which are key components of its mission in the blockchain space. The network has attracted investments from reputable investors, indicating confidence and interest in its potential to transform blockchain security and trust. Such investments are vital for the sustained development and scaling of Automata's technology, enabling it to pursue its objectives with enhanced resources and backing. Partnerships have been another significant focus for Automata Network, as it aims to advance its technology and improve trust and security within the blockchain ecosystem. By collaborating with other entities, Automata seeks to create synergies that will drive innovation and adoption of its solutions, ultimately contributing to a more secure and efficient blockchain environment.

Who are the Founders of Automata Network?

Automata Network (ATA) serves as a modular attestation layer that enhances machine trust on Ethereum through the use of TEE Coprocessors. The project is led by a talented team comprising Deli Gong, Zheng Leong, Leona Hioki, and Sujith Somraaj. Deli Gong, with his expertise in computer science, is instrumental in driving the technical development of the network. Zheng Leong contributes his blockchain technology expertise to guide the strategic direction of the project. Leona Hioki and Sujith Somraaj bring valuable experience in cryptographic security and decentralized systems, respectively. Together, their efforts are focused on enhancing the security of rollups through the implementation of TEE Committees and secondary TEE Provers. Find more information on Eulerpool.

Investors interested in Automata Network are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.