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Cryptocurrency News Articles
Automata Network to Host Community Q&A on Discord
Apr 26, 2024 at 11:00 pm
CoindarAutomata will host a community call on Discord on April 28th at 2 PM UTC. ATA InfoAutomata Network is a decentralized middleware privacy protocol for dApps on various blockchains. It tackles privacy concerns like Anonymous Voting and Miner Extractable Value (MEV) reduction through advanced cryptography, privacy-preserving algorithms, and trusted execution environments.
Automata Network to Host Community Call on Discord
Automata Network, a leading provider of privacy-enhancing solutions for decentralized applications (dApps), has announced it will host a community call on Discord on April 28th at 2 PM UTC. The call will provide an opportunity for community members to engage with the Automata team, learn about the latest developments, and provide feedback on future initiatives.
Automata Network: Empowering Privacy in the Blockchain Ecosystem
Automata Network is a decentralized protocol that offers a middleware privacy layer for dApps across multiple blockchains. It addresses critical privacy concerns, such as anonymous voting and the reduction of Miner Extractable Value (MEV), through the incorporation of advanced cryptography, privacy-preserving algorithms, and trusted execution environments.
The network's operational framework includes "Witness," an off-chain voting governance solution that allows users to vote anonymously without incurring gas fees. This system supports Ethereum, Binance Smart Chain, and Substrate-based EVM-compatible chains. Additionally, Automata is developing "Conveyor," an MEV minimization tool that aims to prevent front-running by sequencing transactions in a predetermined order, ensuring transactional integrity and preventing manipulations.
ATA: The Utility Token Powering the Automata Ecosystem
ATA, the native utility token of Automata, serves various functions within the ecosystem. ATA holders can initiate and vote on platform proposals and parameters, ensuring that the network remains responsive to the needs of its community. Miners receive ATA for executing applications and transactions on the network, incentivizing them to provide secure and efficient services. ATA bonding allows users to participate in "Geode" auctions, a unique mechanism that allocates resources and rewards contributions to the network's security and development.
Community Involvement: Shaping the Future of Automata
The community call on April 28th is a testament to Automata's commitment to community involvement and transparency. The team encourages active participation from the community, valuing their insights and feedback as crucial elements in shaping the future direction of the network.
Community members can join the Discord call at the designated time to connect with the Automata team, ask questions, and share their perspectives on the project's development. Regular community calls provide a platform for open dialogue and collaboration, fostering a sense of shared ownership and empowering the community to contribute to the growth and success of Automata Network.
For more information about Automata Network, its upcoming community call, and the latest developments within the ecosystem, please visit the official website and follow the project's social media channels.
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