ARPA PriceARPA

What is ARPA (ARPA)?

ARPA (ARPA) is the native token of ARPA Network. ARPA was previously known as ARPA Chain, a privacy-preserving multi-party computation (MPC) network founded in 2018; the project later evolved into ARPA Network, built around a threshold BLS signature scheme. The project was established to build a computation network that preserves privacy, allowing users to pay for computation services without giving up their identity. The network incorporates a grouping mechanism that enables multiple nodes to participate in computation tasks and deliver faster speed for users. ARPA Network is described as a new system architecture of threshold signature scheme (TSS), adapting the threshold BLS scheme for blockchain with an innovative protocol design and multiple unique mechanisms. The tagline is "Secure Computation Network for Blockchain-adapted Cryptography — Connect, Protect, Consolidate." The ARPA token launched in 2019; per public sources, the project later raised a total of about $6 million across two funding rounds, including a seed round in April 2023 with DWF Labs participating and a Series A round in May 2024. The token has a maximum supply of 2,000,000,000 ARPA. The project is currently in an active development phase, with recent emphasis on product-market fit through gaming applications.

Key Specifications & Tokenomics

• Name: ARPA / ARPA Network
• Ticker / Symbol: ARPA
• Built On: Ethereum (ETH)
• Token Standard: ERC20
• Smart Contract Address (Ethereum): 0xba50933c268f567bdc86e1ac131be072c6b0b71a
• Smart Contract Address (BNB Smart Chain, BEP20): 0x6F769E65c14Ebd1f68817F5f1DcDb61Cfa2D6f7e, deployed 2021-03-25
• Smart Contract Address (Polygon, POL): 0xee800b277a96b0f490a1a732e1d6395fad960a26, deployed 2021-07-20
• Launch Date: 2019-04-22
• Max Supply: 2,000,000,000 ARPA
• Total Supply: 2,000,000,000 ARPA
• Circulating Supply: Approximately 1.52 billion to 1.74 billion ARPA across various sources
• Category: Computation Network, Privacy, Threshold Signature Scheme
• Core Technology: Threshold BLS Signature Scheme (TSS-BLS) providing permissionless threshold signature services for blockchains
• Token Utility: Governance, payment for data and computing power, security deposits, staking, voting

Who created ARPA (ARPA)?

ARPA was founded in 2018 by Felix Xu, Yemu X (also referenced as Yemi Xu) and Derek Zhang. Felix Xu serves as CEO and Yemi Xu as COO. Felix Xu is co-founder and CEO of ARPA and Bella Protocol. His background includes working on venture capital investment in Fintech, big data, and AI startups. Yemi Xu is co-founder and COO. The ARPA whitepaper was published in 2018 and received by the IACR Cryptology ePrint Archive as Paper 2018/1206; co-authors include Jiang Chen and Alex Su. It proposes a secure computation solution for blockchain networks where the correctness of computation is verifiable even under malicious conditions.

How does ARPA (ARPA) work?

ARPA Network operates as a threshold BLS signature scheme adapted for blockchain. The core of the network is a Threshold BLS Signature Scheme, which enables efficient and permissionless threshold signature services for blockchains. The network adopts an asynchronous non-interactive communication design for signature generation, guaranteeing responsive service and high availability. It also computes in parallel to reach higher throughput. All signatures generated by ARPA Network are verified on-chain before fulfilling the request, and the network allows verification of signatures through a verification function with the open-access public key. The network is decentralized, allowing anyone to run a node, and consists of multiple entities in different regions running individual nodes, making it tamper-proof from a physical perspective. By the nature of cryptography, the signatures are unlikely to be forged or manipulated. ARPA Network supports various applications utilizing threshold signature schemes due to its flexible network topology, and users can customize the signature policy and choose security levels catering to different use cases. The network is blockchain-agnostic, designed to adapt to multiple blockchains.

What makes ARPA (ARPA) unique and valuable?

ARPA Network distinguishes itself through several key features. It is decentralized, enabling anyone to run a node and ensuring the threshold signature service does not rely on a single point of trust through prudent technical and token economics design. It is secure, with multiple entities in different regions running individual nodes, making the network tamper-proof from a physical perspective, and cryptographic signatures that are unlikely to be forged or manipulated. It is flexible, supporting various applications utilizing threshold signature schemes due to its flexible network topology, allowing users to customize signature policies and choose security levels. It is verifiable, with all signatures verified on-chain before fulfilling requests and a verification function available through the open-access public key. It is always-on, with asynchronous non-interactive communication design guaranteeing responsive service and high availability, and parallel computation reaching higher throughput. It is blockchain-agnostic, designed to adapt to multiple blockchains and reflecting a belief in a multi-chain future. The ARPA threshold BLS network can serve as infrastructure for verifiable random number generators (RNG), secure wallets, cross-chain bridges, and decentralized custody. These are design goals rather than guarantees: threshold signature security still depends on honest node majorities, sound key management and correct smart contract implementation, and no system is entirely risk-free.

What is ARPA (ARPA) used for?

The ARPA token governs the network and is used to pay for data, computing power, security deposits, and other fees. Holders can stake their tokens to support the operation of the ARPA Chain and earn rewards. Token holders can also vote on proposals related to the ARPA Chain. The network enables several applications through its threshold BLS signature scheme, including verifiable random number generators (RNG), secure wallets, cross-chain bridges, and decentralized custody. ARPA Randcast serves as verifiable randomness infrastructure, powering applications such as the Archive of Fate game. Randcast provides a cryptographically generated random source used in metaverse and gaming applications, lotteries, NFT minting and whitelisting, key generation, and blockchain validator task distribution. The ARPA token is compatible with Ethereum wallets and can be used within the broader ecosystem of decentralized applications built on the ARPA Network.

How Is the ARPA (ARPA) ecosystem developing?

The ARPA ecosystem is expanding through both infrastructure development and consumer-facing applications. Archive of Fate is a new AI-powered fate simulation game from ARPA where players enter a random world, choose their talents, and live through a complete life shaped by their choices and verifiable randomness powered by ARPA Randcast. ARPA Randcast provides verifiable randomness infrastructure that powers the Archive of Fate game. The project continues to develop its Randcast randomness infrastructure and consumer applications such as Archive of Fate. The network continues to support use cases including verifiable RNG, secure wallets, cross-chain bridges, and decentralized custody, with node operation open to anyone.

How to mine ARPA (ARPA)?

ARPA is not mined. It is an ERC20 token on Ethereum; participants run nodes to provide threshold signature services and can stake ARPA to support network operation and governance. Staking rewards and node incentives come from the network's token allocation and fee flows as defined by the project; check the official documentation for current parameters. Anyone can run a node for ARPA Network, contributing to the decentralized threshold signature service. Staking helps secure the network and participate in its governance. The network's design ensures that the threshold signature service does not rely on a single point of trust, and node operators across different regions help maintain the network's tamper-proof and secure characteristics.

How to keep your ARPA (ARPA) Coin safe?

ARPA is an ERC20 token built on Ethereum, making it compatible with Ethereum wallets such as MetaMask and Crypto.com DeFi Wallet. When storing ARPA tokens, use reputable wallets that support ERC20 tokens and keep your private keys secure. When manually swapping via smart contract addresses, carefully check the addresses and be alert to possible frauds or phishing attacks. Cryptocurrencies are volatile, and it is important to perform proper research before exchanging. Always do your own research and choose a reputable platform for buying cryptocurrencies. Cryptocurrency prices are subject to high market risk and price volatility. For long-term storage, consider using hardware wallets that support ERC20 tokens to keep your ARPA holdings secure.

How to buy ARPA (ARPA) Coin?

ARPA is available on several major exchanges and on decentralized exchanges; compare fees, liquidity and regulatory status before choosing a venue. Leveraged and contract trading can amplify losses and is not suitable for every investor. ARPA can also be purchased on decentralized exchanges by connecting a compatible wallet and swapping ETH or other supported tokens for ARPA using the smart contract address.