LongHash Ventures is an investment fund and accelerator focused on catalysing the growth of the native Web 3.0 economy. LongHash Ventures holds positions in the assets mentioned. In this backdrop, Automata could prove to be indispensable from the Web 3 ecosystem.ĭisclaimer: This is not financial advice. Additionally, Automata has been selected for the Berkeley Blockchain Xcelerator in 2021 and received a grant from the Web3 Foundation in 2020.Īs blockchain transitions into a user-governed, multi-chain, multi-layered era, users and developers will have an ever-increasing need for privacy and system security. The ATA token has just been listed on Binance, and they have already integrated chains such as Ethereum, BSC, Clover Testnet, and the Dusty Testnet by Plasm Network, one of the graduates from our Polkadot accelerator cohort. other privacy solutions (Source: Automata Network)Īs an early supporter of Automata Network, Longhash Ventures is impressed with the team’s traction, R&D capabilities, and deep understanding of the DeFi ecosystem. other privacy solutions (Source: Automata Network) Automata vs. That way, voting results can be viewed at a glance and voters’ identities are safeguarded when they vote! Automata vs. The votes are sent to a privacy relayer, and the results are based on the privacy level selected when the proposal was created. With its simple interface, users can submit proposals and invite community members to vote.

It also incentivises token holders’ participation with zero gas. other privacy solutions (Source: Automata Network)Īutomata’s Witness product ensures privacy in governanceīy integrating Witness, users can make proposals and vote off-chain without revealing their identities.

They currently maintain an open-source Wiki about MEV and have recently released a tool, MEV.Tax, for individuals to check if users have been sandwich attacked. The Automata team is the first to have implemented the algorithm in blockchain, and has conducted extensive research on it to enhance dApp privacy. other privacy solutions (Source: Automata Network)Ĭonveyor stands out from other MEV solutions with privacy, by reducing access pattern leakage (which could lead to private key exposure) through the Oblivious RAM algorithm. As its name suggests, the solution acts like a conveyor belt that orders transactions appropriately, preventing the “sandwich attacks” that miners use to re-order transactions and consequently increase the price that users pay for them. Automata offers a solution to the malicious manipulation by introducing Conveyor to determine the order of transmitted transactions.

other privacy solutions (Source: Automata Network) The Conveyor product protects against MEV.Īccording to Flashbots, miners/nodes have extracted approximately $700 million worth of MEV since January 2020. Compared to other privacy-focused projects such as Oasis and Enigma, Automata’s solution offers frictionless computation, high assurance, and speedy cross-chain transactions, allowing various DeFi protocols to address privacy and security issues. It is built based on industry-leading cryptography, privacy-protection algorithms, and hardware trusted platforms. Enter Automata.Īutomata Network provides a seamless, decentralised privacy solution for dApps across multi-chain ecosystems. With DeFi already at $63.45B in TVL (according to DeFi Pulse), these threats call for urgent action. Potential privacy leakages and security threats associated with transfers across protocols have become pertinent threats to their usage. While transparency is a core tenet of Web 3.0, a segment of users have been concerned with the completely open records of their on-chain behaviour. other privacy solutions (Source: Automata Network) Automata: The Solution for Privacy in Web 3.0 Automata vs.

Otomata online