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

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