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Automata Network is a decentralized service protocol that provides privacy middleware for dApps across multiple blockchains.
The protocol achieves multiple uses such as anonymous voting, miner extractable value (MEV) minimization by utilizing the latest encryption technology and privacy protection algorithms and hardware-based trust.
ATA is the native utility token of the Automata Network and includes the following live and planned use cases:
Governance: ATA token holders can create and vote on proposals for platform features and network parameters .
Mining Rewards: Computing and storage miners earn ATA tokens for running applications and performing tasks for users on the network.
Protocol fees: Users pay miners for storage and computing tasks.
Geode Allocation: Users can bond ATA tokens to participate in Geode auctions.
Witness is Automata Network's off-chain voting governance solution for users who do not wish to reveal their identity when participating in governance. In addition to supporting Ethereum, Binance Smart Chain and other substrate-based EVM-compatible chains, Witness also provides the following features:
Zero Gas Fee: Voting is done off-chain, so there is no gas fee.
On-chain execution: According to the voting results, the on-chain contracts registered during the proposal creation process can be triggered.
Privacy: Users can adjust and choose between different privacy levels from public to private (under privacy level, only the voting results will be published, user identity and number of votes will remain hidden).
Delegation: Users can delegate their voting rights to another address.
Automata Network is developing Conveyor, a MEV minimization solution whose purpose is to create a front-running-free zone when fetching and outputting transactions in a deterministic order. This service makes it impossible for malicious actors to: (1) feed new transactions into transmitter outputs due to signature mismatches. (2) Remove ordered transactions because transactions are broadcast throughout the network.