Bitcoin

Automata Network

<p>Automata Network, a leading provider of innovative blockchain solutions, has joined forces with Babylon to advance Trusted Execution Environments (TEEs) research. Through this partnership, Automata wants to bolster multi-prover security using staked Bitcoin. TEEs are specialized hardware capable of isolating code and data. TEEs ensure privacy and verifiability even in decentralized systems.</p><h2 id="header-0">Automata Network’s Collaboration with Babylon’s Bitcoin Staking Protocol</h2><p>Babylon is known for its trustless and self-custodial staking protocol for <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a>. It aims to create a Bitcoin-secured decentralized world. Their latest protocol enables the staking of idle Bitcoins without sending them to third-party addresses, enhancing security and earning PoS rewards.</p><p>In response to the growing interest in zero-knowledge rollups within the blockchain community, Automata has developed a multi-prover system with Scroll. This system, leveraging Intel SGX, ensures only correct proofs are accepted, maintaining decentralized systems’ integrity.</p><p>By integrating Babylon’s Bitcoin staking mechanism into the multi-prover infrastructure, Automata adds a layer of cryptoeconomic security. This discourages potential attackers and incentivizes honest behavior among prover operators.</p><h2 id="header-1">Automata and Babylon Join Forces to Unlock Enhanced Blockchain Security</h2><p>The collaboration between Automata and Babylon sets the stage for reducing trust assumptions and maximizing security across the blockchain ecosystem. It combines the integrity-enforcing capabilities of TEEs with Bitcoin staking’s robust economic security.</p><p>Furthermore, the partnership aims to further TEE research in the Web3 space. <a href="https://www.ata.network/" rel="noopener noreferrer nofollow">Automata</a> and leading projects like Flashbots and Microsoft Azure are exploring the transformative potential of TEEs to enhance blockchain security and integrity.</p><p>Automata Network’s Proof of Machinehood approach extends machine-level trust to Ethereum using optimistic rollups and zero-knowledge proofs. Their application-specific rollup ensures on-chain verification for out-of-protocol computation. In this way it establishes a seamless chain of trust throughout the Web3 stack. By collaborating with Babylon and other industry leaders, Automata demonstrates its commitment to pushing the boundaries of TEE technology.</p>

Automata Network Partners with Babylon to Boost TEE Research and Security

Table of Contents

BlockchainReporter

Other articles published on Apr 2, 2024

Ethereum Price Drops To Support, Another Chance To Load ETH?

Revolutionizing Data Monetization: Inside Look at Launch of PrivateAI on DAO Maker

The Latest DeFi Marvels: What’s New and Why It Matters

$SMOG Amasses 110,000 Holders And 7.5 Million Completed Zealy Quests Ahead Of $1M Airdrop And CEX...

Cryptocurrency dogwifhat Decreases More Than 5% Within 24 hours

Crypto Market Sees Red as Altcoins Dip and Aptos (APT) Faces Resistance

Join our free newsletter for daily crypto updates!