Automata Coin Price & Market Data
Automata price today is $1.05 with a 24-hour trading volume of $33,725,911. ATA price is up 8.7% in the last 24 hours. It has a circulating supply of 170 Million ATA coins and a total supply of ?. If you are looking to buy or sell Automata, Binance is currently the most active exchange.
What is Automata?
Automata Network is a decentralized service protocol that provides a privacy middleware layer for dApps across multiple blockchains. The protocol enables several use-cases such as Anonymous Voting and Miner Extractable Value (MEV) Minimization by leveraging the latest cryptography and privacy-protecting algorithms, along with Trusted Execution Environments (TEE).
What is the ATA token used for?
ATA is the native utility token of the Automata Network and has the following existing and planned use cases:
- Governance: ATA token holders can create and vote on proposals, platform features, and network parameters.
- Mining rewards: Compute 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 computation work tasks.
- Geode allocation: Users can bond ATA tokens to participate in Geode auctions.
What is Automata's approach to Miner Extraction Value (MEV)?
Automata Network is developing an MEV minimization solution, Conveyor, which aims to create a front-running-free zone as it arranges transactions in a determined order. This makes it impossible for malicious actors to: (1) inject new transactions into the Conveyor output due to signature mismatch, or to (2) delete ordered transactions, as transactions are broadcasted throughout the network.