Automata Network Overview

Date : 2021-03-28
Authors: @cuongvn08

 

Fundamentals:

1. Automata Network is a decentralized service protocol that provides middleware-like traceless privacy services for dApps on multiple platforms like Ethereum, Polkadot, Binance Smart Chain, to achieve privacy, high assurance and frictionless computation.
2. The key features include:
* Integrating dApps without any modification
* Being compatible with existing dApps on multiple chains
* Providing trace-less privacy and anonymous voting.
3. Automata Network focuses on three-folds: Privacy, High Assurance, Frictionless.

In detail:
* Privacy:
* Anonymous voting for DAOs
* Secret messaging between networks
* Do-not-track querying for indexers
* High Assurance:
* Front-running prevention for DEXs
* Tamper-proof data sourcing for oracles
* Robust randomness for apps
* Frictionless:
* Speedy cross-chain transactions
* Sub-second layer 2 for chains
* Nonintrusive protection for DeFi

4. The relevant research has been published in top-tier conferences like Usenix Security and RAID. It got Web3 grant and selected into Web 3.0 Bootcamp in early 2020 and has completed 5 milestones.
5. Automata Network is running testnet.

Automata

Competitors:

* HOPR

Tokenomics:

N/A

TGE/Listing:

N/A

Team:

1. Including serial entrepreneurs, award-winning researchers and heavyweight cryptographers, including previous founding members of Zilliqa.

Investors/Partners:

1. Automata Network has completed the seed round of raising 1 Million USD, leading by KR1, Alameda Research, IOSG Ventures, Divergence Capital and Genesis Block Ventures.

Remarks:
* Be selected in Berkeley Blockchain Xcelerator 2021

Update:

-Automata partnered with MathWallet Official to bring Witness into their wallet ecosystem, reaching out to more than 1 million users globally.

-Automata partnership with Celer Network, a leading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalised off-chain smart contracts

 

Reference:

1/ Homepage
2/ Twitter
3/ Discord
4/ Medium
5/ GitHub

BTA Ventures