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Automata Network ATA Price

$0.137

2.6%

$0.126

24h Range

$0.139

Market Cap

$76,903,423.5

Fully Diluted Valuation

$136,649,287.3

24 Hour Trading Vol

$18,489,139.1

Circulating Supply

562,779,543.5

Total Supply

1,000,000,000.0

Max Supply

Info

ATA Price Statistics

Automata Network Price

$0.137

24h Range

$0.126 - $0.139

Percent Change 1h

0.11%

Percent Change 24h

2.6%

Percent Change 7d

-12.6%

All-time high

$2.36

All-time low

$0.059

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About Automata Network

What is Automata Network (ATA)?

Automata Network is a decentralized middleware protocol designed to enhance privacy and scalability in decentralized applications (dApps). It is built to address the limitations of traditional blockchain infrastructures by providing a suite of privacy-preserving services. The native token, ATA, is used for governance, staking, and transaction fees within the network. Automata integrates with various blockchains and aims to empower developers to create more secure and user-friendly dApps while maintaining user privacy.

Who are the Founders of Automata Network?

Automata Network was co-founded by a team of experienced professionals in blockchain technology and software development. The founding members include:

  • Jae Kwon: Co-founder of Tendermint and the Cosmos Network, known for his expertise in consensus algorithms.
  • Rui Zhang: A former member of the founding team at Huobi, with extensive experience in blockchain product development.
  • Jingjing Xu: An expert in cryptography and decentralized systems, bringing significant academic knowledge to the team.

This diverse team combines experience from top blockchain projects and tech companies, contributing to the innovative solutions offered by Automata Network.

How does Automata Network Work?

Automata Network operates on a multi-layer architecture that enhances user privacy and scalability. Its core functionalities include:

  • Privacy Preservation: By utilizing zero-knowledge proofs and secure multi-party computation (MPC), Automata allows users to engage in transactions without exposing their identities or transaction details.
  • Decentralized Order Matching: The network offers decentralized solutions for order matching, enabling users to trade assets privately and securely, thus eliminating the risks associated with centralized exchanges.
  • Data Availability: Automata ensures that data remains available and secure, even in the face of network disruptions, through its unique data availability layer.
  • Interoperability: It facilitates cross-chain transactions, allowing dApps built on different blockchains to interact seamlessly.

Through these mechanisms, Automata Network addresses critical issues in the blockchain space, fostering an environment conducive to privacy-centric applications.

Top Use Cases of Automata Network

Automata Network has several compelling use cases that leverage its privacy and scalability features:

  • Decentralized Finance (DeFi): Automata enables users to trade and lend assets privately, reducing the risk of front-running and other exploitative practices common in DeFi.
  • Gaming: The network allows for secure in-game transactions, ensuring player identities and transactions remain confidential, thereby enhancing the gaming experience.
  • Private Voting Systems: Automata can be utilized to create secure, anonymous voting mechanisms for organizations or communities, ensuring that votes remain confidential yet verifiable.
  • Health Data Management: By utilizing its privacy features, Automata can help manage sensitive health information, enabling secure sharing between patients and healthcare providers without compromising privacy.

These use cases highlight the versatility and potential of Automata Network in various industries, emphasizing its importance in the evolving blockchain landscape.

How to Keep your Automata Network Safe?

To ensure the safety of your Automata Network assets and interactions, consider the following best practices:

  • Use Hardware Wallets: Store your ATA tokens in hardware wallets for added security against online threats.
  • Enable Two-Factor Authentication (2FA): Always use 2FA for accounts associated with your Automata Network activities to prevent unauthorized access.
  • Keep Software Updated: Regularly update your wallets and any software related to Automata Network to safeguard against vulnerabilities.
  • Avoid Phishing Scams: Be cautious of unsolicited messages or links that claim to be associated with Automata Network. Always verify the authenticity of any communication.
  • Participate in Community Forums: Engage with the Automata community to stay informed about potential threats and updates regarding security practices.

By following these practices, users can significantly mitigate risks and enhance the security of their interactions within the Automata Network.

How to Invest in Automata Network (ATA)?

Investing in Automata Network (ATA) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Automata Network: Once your account is funded, you can purchase Automata Network directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Automata Network (ATA) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Automata Network using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Automata Network (ATA) in the Long Term?

Automata Network (ATA) is currently trading at $0.137 and exhibits good potential for future growth. Check the latest Automata Network (ATA) price prediction.

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