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ARPA Chain


Discover ARPA Chain's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is ARPA Chain?

ARPA Chain (ARPA) is a blockchain-agnostic Layer-2 computation network that prioritizes privacy and security. It employs Secure Multi-Party Computation (SMPC) and secret-sharing technology to enable data sharing and computation between multiple parties while maintaining privacy and computational accuracy. This allows for various use cases, including data marketplaces, key management, and credit anti-fraud mechanisms, making it a versatile and secure solution for decentralized applications.

How is ARPA Chain used?

ARPA Chain (ARPA) is a decentralized and secure computation network that improves the fairness, security, and privacy of blockchains. The native token, ARPA, serves several purposes within the network:

  1. Computation Task Reward: Node operators receive ARPA as rewards for completing computation tasks.
  2. Currency for Service Fees: Clients pay for computation services using ARPA.
  3. Collateral for Security Deposits: Node operators stake ARPA as deposits to ensure network security.

Additionally, ARPA can be used for various transactions on the platform, including data renting, model usage fees, and sending value. It is also tradable on several exchanges.

How do I store ARPA Chain?

To store ARPA Chain (ARPA) tokens, you can use various digital wallets and platforms that support ARPA. Here are some options:

  1. Atomic Wallet: Atomic Wallet is a multi-asset wallet that supports ARPA Chain, Ethereum, XRP, Litecoin, XLM, and over 1,000 other coins and tokens. It is trusted by 5 million users worldwide and offers private and secured storage with 24/7 online support.

  2. Freewallet: Freewallet provides a user-friendly ARPA Chain wallet for iOS and Android with multi-level protection. It allows you to store, send, and receive cryptocurrency securely and offers fee-free transactions between Freewallet users.

  3. Kriptomat: Kriptomat generates a unique, secure wallet for each user on the platform, free of charge. After purchasing ARPA, it is sent directly to your secure Kriptomat ARPA Chain Wallet, allowing you to buy, send, deposit, hold, and sell ARPA Chain at any time.

  1. KuCoin: KuCoin allows you to store ARPA Token in your KuCoin account or in non-custodial wallets. It provides a secure and trusted platform for managing your ARPA tokens.

These wallets and platforms offer different features and security measures to ensure the safe storage of your ARPA Chain tokens.

How to buy ARPA Chain?

To buy ARPA Chain (ARPA) tokens, you can follow these steps:

Using Kriptomat:
  1. Create and Verify Your Account: Sign up with Google, Apple, or enter your name and email. Verify your email, phone number, and identity.
  2. Add Funds: Make a bank deposit or use your credit card to add funds.
  3. Buy ARPA Chain: Click on the Kriptomat icon, select "Buy," choose ARPA Chain, enter the amount, preview the transaction, and confirm your purchase.
Using KuCoin:
  1. Create Your Free KuCoin Account: Sign up with your email address or mobile phone number and create a strong password.
  2. Secure Your Account: Set up Google 2FA, anti-phishing code, and trading password.
  3. Verify Your Account: Enter personal information and upload a valid Photo ID.
  4. Add a Payment Method: Add a credit/debit card or bank account.
  5. Buy ARPA Token: Use various payment options to buy ARPA Token on KuCoin.
Using Pionex:
  1. Create a Free Pionex Account: Register on the website or download the app and pass the KYC verification.
  2. Choose Your Payment Method: You can buy ARPA Chain using credit card, debit card, bank wire, or ACH transfer.
  3. Buy ARPA Chain: Follow the specific steps for your chosen payment method.
Using Binance:
  1. Create a Free Binance Account: Register on the website or app and verify your identification.
  2. Choose How to Buy ARPA: Click on the "Buy Crypto" link to see available options in your country.
  3. Buy ARPA: Use credit card, debit card, bank deposit, or third-party payment channels to buy ARPA.
ARPA Chain
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History of ARPA Chain

ARPA Chain, now known as ARPA Network, was founded in 2018 as a privacy-preserving Multi-party Computation (MPC) network. Initially, it was designed to improve the fairness, security, and privacy of blockchains by providing a decentralized secure computation network. Over time, the project has evolved to focus on its threshold BLS signature network, which serves as the infrastructure for various applications such as verifiable Random Number Generator (RNG), secure wallets, cross-chain bridges, and decentralized custody across multiple blockchains.

ARPA Mainnet has completed over 224,000 computation tasks, demonstrating its experience in MPC and cryptography. This expertise has led to the development of innovative threshold BLS signature schemes (TSS-BLS) and the current ARPA Network.

ARPA Chain
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How ARPA Chain works

ARPA Chain (ARPA) is a blockchain-agnostic layer-2 scaling solution designed to enhance the privacy and scalability of various blockchain networks. It operates as a decentralized computational network, enabling users to share their computational power and storage to earn rewards. Here's an overview of how it works:

Dual-Layered Structure

ARPA Chain consists of two main layers: the protocol layer and the computational layer. The protocol layer is a permissionless public blockchain that allows anyone to join and participate. This layer is responsible for managing the network, tracking node activity, and rewarding or penalizing nodes based on their behavior.

The computational layer is where the actual computations take place. This layer is responsible for executing smart contracts and performing multi-party computations. Nodes on this layer must meet specific criteria to qualify and are rewarded or penalized based on their performance.

Multi-Party Computation (MPC)

ARPA Chain leverages Secure Multi-Party Computation (SMPC) to ensure high-security, cryptographically verified data exchange between multiple parties. This technology allows for the separation of data utility from ownership, enabling multiple users to collaboratively analyze data without sharing sensitive information. SMPC is considered more advanced in terms of privacy protection compared to other technologies like homomorphic encryption, zk-SNARKs, and Zero-Knowledge Proofs.

Consensus Mechanisms

ARPA Chain employs several unique consensus mechanisms to ensure the validity and security of the network. These include:

  • Proof of Correctness: This mechanism replaces traditional Proof of Work (PoW) and is responsible for verifying the correctness of computations performed by nodes.
  • Proof of Computation: This mechanism tracks the amount of computation performed by nodes and rewards them accordingly.
  • Proof of Secureness: This mechanism verifies computations conducted off-chain in Trusted Execution Environments (TEEs) to ensure their integrity.
Applications and Use Cases

ARPA Chain supports various applications, including:

  • Verifiable Random Number Generator (RNG): ARPA can generate decentralized, tamper-proof random numbers.
  • Secure Wallet: ARPA's threshold BLS signature scheme can be used to create secure wallets.
  • Cross-Chain Bridge: ARPA enables the creation of cross-chain bridges, facilitating interactions between different blockchain networks.
  • Decentralized Asset Custody: ARPA can be used for decentralized asset custody, ensuring secure and transparent management of digital assets.
Token Economics

The ARPA token is the native cryptocurrency of the project and has several use cases:

  • Computation Task Rewards: Node operators can earn ARPA tokens by completing computation tasks.
  • Service Fees: Clients can pay for computation services using ARPA tokens.
  • Collateral for Security Deposits: Node operators must stake a certain amount of ARPA tokens as security deposits to ensure network security.

Overall, ARPA Chain is designed to provide a scalable, secure, and private solution for various blockchain networks, enabling a wide range of applications and use cases.

ARPA Chain
We give you the tools to invest your time and money in 1000+ tokens.

ARPA Chain's strengths

The token ARPA Chain (ARPA) has several strengths that make it an attractive project:

  1. Privacy-Preserving: ARPA Chain is designed to prioritize privacy through its Secure Multi-Party Computation (SMPC) and secret-sharing technology. This ensures that data remains private and secure while still allowing for efficient computation.

  2. Scalability: ARPA Chain addresses scalability concerns by employing sharding, which allows for off-chain computations in Trusted Execution Environments (TEEs). This provides virtually unlimited data storage capacity and enhances transaction throughput.

  3. Interoperability: As a blockchain-agnostic Layer-2 solution, ARPA Chain is compatible with multiple top-performing smart contract programmable networks, including Ethereum and EOS. This flexibility enables developers to choose the blockchain that best suits their needs while leveraging ARPA's privacy and scalability features.

  1. Governance: ARPA token holders have a say in the network's future through a community governance protocol. This ensures that the average user is heard and that the network remains cohesive and responsive to its stakeholders.

  2. Security: ARPA Chain's dual-tiered structure, comprising a protocol layer and a computation layer, ensures that nodes are incentivized to behave correctly. The network also employs a variety of consensus mechanisms, including Proof of Correctness, Proof of Computation, and Proof of Secureness, to maintain security and integrity.

  3. Flexibility: ARPA Chain supports various applications utilizing threshold signature schemes due to its flexible network topology. This allows for customization of signature policies to cater to different use cases.

  1. Decentralized: ARPA Network is designed to be decentralized, with multiple entities running individual nodes in different regions. This makes the network tamper-proof from a physical perspective and ensures that signatures are unlikely to be forged or manipulated.

These strengths position ARPA Chain as a robust and versatile solution for privacy-preserving computation and scalability in the blockchain ecosystem.

ARPA Chain's risks

ARPA Chain (ARPA) carries several financial risks. One significant risk is the potential for incorrect data, which can occur when computations are done off-chain. This can lead to errors and inaccuracies in the data, which can have financial implications for users and developers relying on the network.

Another risk is the use of leverage, which can result in rapid losses of money. This is particularly important for users who engage in trading activities on exchanges where ARPA is listed, such as Kraken, KuCoin, and Binance.

Additionally, as a decentralized computational network, ARPA Chain is exposed to the risks associated with blockchain technology, including the potential for security breaches and the volatility of cryptocurrency markets. These risks can impact the value of ARPA tokens and the overall stability of the network.

Finally, the use of cryptographic private smart contracts and other privacy features may also introduce risks related to the complexity of these technologies. If not properly implemented or managed, these features can create vulnerabilities that can be exploited by malicious actors, leading to financial losses for users.

ARPA Chain
We give you the tools to invest your time and money in 1000+ tokens.

Did ARPA Chain raise funds?

ARPA Chain
We give you the tools to invest your time and money in 1000+ tokens.

ARPA Chain's ecosystem

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ARPA Chain
We give you the tools to invest your time and money in 1000+ tokens.

ARPA Chain’s team

  • Felix Xu: Co-Founder and CEO of ARPA Chain, who led the development of the Multi-Party Computation (MPC) protocol and has been instrumental in shaping the project's vision and direction.

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