ARPA ARPA Price

What is ARPA (ARPA)?

ARPA Network, previously recognized as ARPA Chain, has evolved into a decentralized computation network aiming to improve the fairness, security, and privacy of blockchain applications. Established in 2018, it operates as a standalone network, offering a range of features and applications.

ARPA's Evolution:

Originally focusing on privacy-preserving Multi-party Computation (MPC), ARPA Chain transitioned to become ARPA Network. The Mainnet has completed over 224,000 computation tasks, fostering experience in MPC and cryptography, which laid the groundwork for innovative threshold BLS signature schemes (TSS-BLS) system design.

Key Features:

Privacy and Security: ARPA ensures secure off-chain computation by utilizing a proxy smart contract, integrating network nodes with the receiving blockchain. Nodes are incentivized for good behavior, and computation correctness is verified, even under malicious conditions, employing secret sharing and information-theoretic Message Authentication Code (MAC).

Flexibility and Compatibility: Operating as a permissionless standalone network, ARPA allows participants to autonomously join and share computation resources in return for rewards. It is designed to be compatible with major blockchains.

Scalability and Efficiency: ARPA Network comprises two layers - protocol and computation. The protocol layer handles supportive tasks, such as node selection and acting as a bridge between MPC nodes and smart contracts on the blockchain. The computation layer conducts ARPA's Multiparty Computation, ensuring scalability and efficiency.

Use Cases:

ARPA Network's applications are diverse, with its RNG application, Randcast, providing tamper-proof randomness suitable for metaverse, gaming, lottery, NFT minting, whitelisting, key generation, and blockchain validator task distribution. Developers can utilize ARPA for privacy-preserving smart contracts, data protection in fintech and insurance, and secure data transfer in digital advertising.

Accessing ARPA:

For those interested in engaging with ARPA, its native cryptocurrency, ARPA, is tradable on major platforms like Binance, Lbank, and Gate.io. The token serves as the currency for paying for data and computation within the network and plays a role in governing its future.

In summary, ARPA Network positions itself as a contender in the blockchain space, providing a secure, private, and scalable solution. With its focus on adaptability and innovation, ARPA is poised to contribute significantly to the evolution of decentralized computation networks.

What is unique about ARPA (ARPA)?

ARPA is a decentralized computation network with a focus on privacy, utilizing a threshold BLS signature network for applications such as a verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody. Its innovative threshold BLS signature schemes and MPC experience set it apart, offering privacy, security, and scalability for blockchain networks.

Who are the founders of ARPA (ARPA)?

The founders of ARPA, formerly known as ARPA Chain, include a team of cryptographers, engineers, and entrepreneurs who established the privacy-preserving Multi-party Computation (MPC) network in 2018. Their collective experience in MPC and cryptography laid the foundation for the development of ARPA Network.

Where can I buy ARPA (ARPA)?

You can buy ARPA (ARPA) on Binance, Gate.io, MEXCBitgetCoinbase cryptocurrency exchanges.