How Networks Are Enhancing Privacy and Fairness in Web3 Transactions

How Networks Are Enhancing Privacy and Fairness in Web3 Transactions

Web3 is driven by the need for privacy, security, and transparency in transactions. Automata Network’s 1RPC now supports Telos EVM, a Layer 0 chain fully compatible with the Ethereum Virtual Machine (EVM).

This integration introduces a fixed gas fee structure and, more importantly, ensures that transactions are processed in a fair and transparent first-come, first-served order, effectively eliminating the risk of front-running.

Per a recent FX Daily Report post, 1RPC’s goal of promoting Web3 privacy and fairness is at the heart of this integration. The secure endpoint communication between 1RPC and Telos EVM promises improved user transaction privacy by eliminating metadata leakage. Users can now create API keys using the enhanced relay, offering greater flexibility and resilience in their interactions with the Telos EVM.

Automata Network’s modular attestation layer offers additional security measures for Ethereum machines, paving the way for creating application-specific rollups using optimistic and zero-knowledge proofs. The aim of this approach to blockchain verification outside the protocol is to establish a robust trust chain throughout the Web3 technology stack.

Telos EVM’s approach to fairness

Telos EVM has been a stalwart in the Web3 space since 2018, consistently providing uninterrupted service. As a Layer 0 network, Telos strongly emphasizes scalability, security, and decentralization, offering impressive network performance with 15,200 transactions per second and low transaction costs.

One of the standout features of Telos EVM is its implementation of first-come, first-served transaction processing and a fixed gas price structure. The aim of this approach is to ensure fairness and transparency while effectively preventing front-running, a significant concern in the Web3 ecosystem.

The function of 1RPC in enhancing privacy protection

As 1RPC and Telos EVM work in tandem to protect Web3 transaction metadata, user privacy receives a substantial boost. This enhancement aligns perfectly with the industry’s growing demand for enhanced blockchain privacy solutions.

Individual API keys and other functionalities reportedly make Relay Plus a versatile tool for users, while testnet support and increased rate limitations enhance the efficiency of Telos EVM.

Automata Network’s Proof of Machinehood approach advances Web3 security. This technique enables on-chain verification of calculations outside the protocol by leveraging optimistic rollups and zero-knowledge proofs. This, in turn, creates a seamless trust chain spanning the entire Web3 architecture, ensuring the safety and reliability of Web3 applications.

Telos EVM’s move to decentralization and scalability

Telos’ incorporation of Layer 0 technology highlights its move toward decentralization, security, and scalability. With tEVM, the network can handle a high volume of transactions at low rates, benefiting customers and developers.

The collaborative efforts of 1RPC, Telos EVM, and Automata Network are notably crucial in promoting privacy, equality, and trust within the Web3 ecosystem. This integration enhances the overall user experience and contributes to the decentralization of app infrastructure, a fundamental goal of the Web3 movement.

Integrating Automata Network’s 1RPC with Telos EVM marks a milestone in the Web3 community’s quest for enhanced privacy, fairness, and security. As the Web3 landscape evolves, solutions like 1RPC contribute to the potential for a more decentralized and transparent future. With a strong focus on privacy protection, fairness, and Web3 security, this integration sets new industry standards, ensuring that users, developers, and communities can thrive in a secure and private digital environment.

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