Frequently Asked Questions
What is Automata Network?
Automata Network is a decentralized service protocol that provides a privacy middleware layer for dApps across multiple blockchains.
It enables several privacy use-cases such as Anonymous Voting and MEV (Maximal Extractable Value*) minimization by leveraging on the latest cryptography and privacy-preserving algorithms, along with trusted execution environments.
*MEV was formerly known as Miner Extractable Value in the context of Proof of Work.
Automata Network is built by industry veterans and researchers, with team members having previously worked at Zilliqa, LongHash, and the National University of Singapore. Founded in 2019, Automata Network is a recipient of Web3 Grant (2020), and a participant of the Web 3.0 Bootcamp (2020), Berkeley Blockchain Xcelerator (2021), and presented at the Polkadot Decoded Mainstage (2021). The team’s investors include KR1, Alameda Research, IOSG Ventures, Divergence Capital, Genesis Block Ventures, and Jump Trading.
What problems does Automata solve?
Automata solves several problems currently facing the Defi community relating to privacy, stopping it from reaching its full potential by providing a privacy middleware layer for dApps across multiple blockchains.
Each specific product by Automata is attempting to solve a unique set of problems facing the Defi space.
Conveyor minimizes the rampant MEV & frontrunning issue plaguing most DeFi projects resulting in high slippage and inflated gas fees for crypto investors exploited by bad actors in the blockchain.
Automata Witness is a customizable voting service for decentralized applications and solves many issues facing governance voting services, including privacy and high gas fees.
For more detailed information on the problems, Automata is solving, check out the open-sourced Mev Wiki, which goes into more detail (https://docs.ata.network/papers/lightpaper.pdf).
What products are offered by Automata?