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COINTURK NEWS > Altcoin News > What is Automata Coin?
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What is Automata Coin?

In Brief

  • Automata is a high-performance computing protocol that empowers Web 3.0 applications and businesses with privacy, high assurance, and seamless operations.

  • Its mission is to provide the functionalities and infrastructure necessary to realize a flawless Web 3.0 experience.

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COINTURK NEWS 11 months ago
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Automata is a high-performance computing protocol that empowers Web 3.0 applications and businesses with privacy, high assurance, and seamless operations. Its mission is to provide the functionalities and infrastructure necessary to realize a flawless Web 3.0 experience.

Contents
What is Automata (ATA)?How to Buy ATA Coin?

What is Automata (ATA)?

According to the statements, Automata’s products include:

  • Privacy-first cross-chain service plane: Automata offers privacy services for various blockchains that allow users to control their data.
  • Protected and unbiased computation plane: The privacy level of computation on Automata can be stronger than centralized web services like AWS.
  • Elastic and scalable control plane: Operated by a set of shared nodes, it manages interactions among protocol participants.
  • Ledger plane: Automata provides interfaces for processing data and cooperating atomically and privately on an agreed dataset for multiple blockchains.

Automata Network aims to be recognized as the go-to privacy service for DeFi and Web3 with its privacy middleware proposal. It seeks to fill a market gap by offering privacy-focused solutions that integrate intuitively and seamlessly with the existing blockchain infrastructure. Its applications are built for Web3 purposes and include anonymous voting, miner extractable value (MEV) minimization, and do-not-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.

The anonymous voting service is called Witness and offers low-cost, off-chain voting, on-chain execution, and varying levels of privacy from private to public based on the protocol’s requirements. The solution supports Ethereum, Binance Smart Chain, and other Substrate-based EVM-compatible chains. Each of these functions can be used independently or together, for example, if a project wants to use Witness as a signaling tool without on-chain execution.

Conveyor is Automata’s MEV minimization solution that is chain-independent and works seamlessly with DEXs like Uniswap. It takes and executes transactions in a specific order, creating a front-running free zone that eliminates transaction reordering chaos. Features include gas fee-free transactions, front-running prevention, order privacy, and integration with other DEXs.

How to Buy ATA Coin?

ATA Coin can be purchased quickly and securely via Binance, the world’s largest cryptocurrency trading platform by trading volume.

To buy ATA Coin, one first needs to sign up for Binance and then send fiat currency. After sending fiat currency such as  USD, one can purchase ATA Coin in the Binance Coin (BNB), Tether (USDT), BUSD, and Bitcoin (BTC) ATA trading pairs.

In addition, users can place buy orders at a lower value rather than just the market value on Binance. To do this, you just need to use the Limit tab and enter the amount you want to buy and the price you want to buy it at.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 22 July, 2024 - 10:00 pm 22 July, 2024 - 10:00 pm
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