Fintech News Security

Automata Collaborates with AltLayer to Build Automata 2.0: The First Modular Attestation Layer

AltLayer, a decentralized interlayer for rollups, has announced a strategic partnership with Automata Network to build Automata 2.0, the first modular attestation layer 2 for the Ethereum ecosystem. The project enables on-chain verification of heavy-weight computation through proof-of-machinehood and will use AltLayer’s rollups to achieve scalability. Automata Network enables restaking for verifiers via AltLayer’s integration with EigenLayer.

Automata 2.0 represents a huge leap forward in the evolution of modular architecture. It leverages silicon-based attestations, enabling hardware capabilities like secure enclaves to establish machine uniqueness and anchor trust. This creates a robust chain of trust without requiring the commitment of computation or capital.

Latest Fintech News: AltLayer’s Rollups Suite Extends Support to OP Stack

AltLayer’s Rollup-as-a-Service offers a simple and convenient pathway to deploy Automata 2.0. The modular design of AltLayer’s optimistic rollups is well-suited for aggregating machine attestations. Developers can easily customize parameters like block time, gas limits, and VM runtime using AltLayer’s dashboard or APIs.

Deli Gong, Co-Founder, Automata Network said: “Altlayer is our preferred choice for a comprehensive rollup toolkit solution – it’s ready to deploy immediately. It significantly minimizes our operating costs associated with managing Layer 2 while simultaneously enhancing security, scalability, and extensibility. The level of innovation we’ve witnessed with Altlayer surpasses our highest expectations.”

By harnessing these rollup capabilities, Automata 2.0 conducts attestations, aggregating them into a single state root periodically committed to Ethereum. This state root represents the collective attestations, providing a compressed on-chain representation. Integration with EigenLayer unlocks another benefit, enabling Automata 2.0 to leverage ETH restakers for validation services. Restakers who opt into Automata 2.0 earn additional yield by verifying attestations, while their staked ETH can be slashed for malicious behavior. This expands the security of Ethereum to the Automata Network while avoiding the need for a separate staking token.

Latest Fintech News: Turbotenant Launches Feature Leveraging Artificial Intelligence to Write Rental Property Listings

Speaking on the project, Dr. Amrit Kumar, COO, AltLayer said: “This collaboration is history in the making for modular blockchain infrastructure. Automata 2.0 is the first global attestation layer of its kind tapping into a trust-based network of machines, and the power of zero-knowledge proofs. We look forward to seeing it in action – specifically how our rollup products can enhance the networks’s off-chain and on-chain use cases.”

AltLayer will manage components like fraud proofs, decentralized sequencers, and bridges back to Ethereum. They ensure the rollup state is valid, preventing the need to reinvent lower-level rollup mechanics. Additionally, Automata 2.0 can integrate AltLayer’s interoperability solutions to bridge attestations to other chains, enhancing portability across ecosystems.

Latest Fintech News: Weave Introduces Scan to Pay to Payment Suite

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Designstripe Raises $10MillionFrom Insight Partners and Silicon Valley Bank to Build Smart Design Tools.

Fintech News Desk

Institutional Bitcoin Provider NYDIG Announces Minority Stake Purchase by MassMutual

Fintech News Desk

McAfee Launches ESM Cloud, Delivering Rapid Time to Value With Incident Investigations

Fintech News Desk
1