Automata Network Launches Cross-Chain Carrier to Enhance Decentralized Privacy Services
It is reported that the decentralized privacy service agreement Automata Network has launched a cross-chain carrier, which has been deployed online. Carrier cur
It is reported that the decentralized privacy service agreement Automata Network has launched a cross-chain carrier, which has been deployed online. Carrier currently supports 12 chains, including Solana, Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, Oasis (Emerald), Fantom, Acala, Klayton, Celo and Moonbeam.
Decentralized Privacy Service Agreement Automata Network Launches Cross-Chain Carrier
Analysis based on this information:
Automata Network, a decentralized privacy service agreement, recently launched a cross-chain carrier that has been deployed online. The main purpose of this cross-chain carrier is to enhance the network’s ability to offer decentralized privacy services across different blockchain networks. The cross-chain carrier currently supports 12 chains, including Solana, Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, Oasis (Emerald), Fantom, Acala, Klayton, Celo, and Moonbeam.
The need for decentralization cannot be overemphasized, especially with the growing concern around data privacy and security. Blockchain technology has been at the forefront of offering decentralized data services, but cross-chain communication has been a significant challenge for the industry. By launching a cross-chain carrier, Automata Network has taken a significant step towards addressing this challenge.
The cross-chain carrier is a vital development for Automata Network as it will allow the platform to offer its decentralized privacy services across different blockchain networks seamlessly. The carrier’s ability to support 12 chains, including some of the most popular chains such as Ethereum and BNB Chain, means that the network can now help a wide range of users to protect their privacy across different blockchain networks.
Another notable feature of the cross-chain carrier is its ability to utilize Automata’s privacy-preserving technology, known as zkSNARKs. This technology allows the network to execute private transactions without revealing any sensitive information concerning the transaction, such as the amount sent and the recipient’s address. The use of zkSNARKs technology ensures that users’ privacy is protected, making it an essential feature of the cross-chain carrier.
In conclusion, Automata Network’s launch of a cross-chain carrier is an excellent development for the decentralized privacy service industry. The carrier’s ability to support 12 chains and utilize zkSNARKs technology means that the network can now offer its decentralized privacy services to a wider range of users across various blockchain networks while ensuring their privacy remains protected. The cross-chain carrier represents a significant step towards decentralizing data services and enhancing privacy in the blockchain industry.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/8478.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
What is Bitcoin (What does Bitcoin mean in Baidu Know)?
What is Bitcoin? According to official sources, Bitcoin is a type of open-sourc
-
Ouyi Earned Coin Announces Support for ETH2.0 Pledge Redemption
On April 14th, according to the official news of Ouyi, Ouyi Earned Coin will officially support the redemption function of ETH2.0 pledge on April 18th, 2023 at 16:00 (UTC+8). Users
-
BCB Group Set to Raise $20 Million in Convertible Note Financing Round
It is reported that the source said that BCB Group, a crypto financial service company, is raising funds through convertible notes, which will be converted int…
-
DebtDAO Launches on Main Network, Bringing Revolutionary Income-Based Financing to Crypto Entities
On April 10th, it was announced that the encrypted credit agreement DebtDAO had been launched on the main network. Before the main network was launched, DebtDAO had undergone three
-
Coinbase CEO Announces Successful Launch of 56300 Stand with Crypto NFTs
According to reports, Coinbase CEO Brian Armstrong announced that 56300 Stand with Crypto commemorative NFTs have been cast.
Stand with Crypto Commemorative NFT has cast 56300 piec -
DeFi Platform M^ZERO Raises $22.5 Million in Seed Funding Round
According to reports, DeFi platform M ^ ZERO has completed a seed round financing of $22.5 million, led by Pantera Capital, with Road Capital, AirTree, Standard Crypto, SALT Fund,
-
Ethereum Re Pledge Agreement EigenLayer Release Phase 1 Test Network
According to reports, the Ethereum Re Pledge Agreement EigenLayer has released the first phase of the EigenLayer protocol testing network on the Ethereum Goerli network, which curr
-
What Graphics Card Does Monero Coin Use (What Wallet Does Monero Coin Use)?
What graphics card does Monero coin use? Monero coin uses this technology for m
-
Federal Reserve Observations: Interest Rates Likely to Stay Steady Despite Volatility
On March 23, according to CME\’s \”Federal Reserve Observation\”, the probability that the Federal Reserve will maintain interest rates unchanged in May is 64.2%, and the probability
-
Bitcoin Breaks Record Highs Amid Volatility
According to the report, the market shows that BTC has exceeded 24500 US dollars and is now reported at 24515.0 US dollars, with a daily increase of 10.56%. Th…