ARPA Chain price is $0.03339858
As of the latest data, the price of ARPA $ 0.03339858 with a increased in value of +2.92% over the past 24 hours. It's important to keep in mind that cryptocurrency values can be highly volatile and change rapidly.
ARPA, or ARPA Chain, claims to be a blockchain-based solution geared towards privacy-preserving computations. The project aims to enable data to be shared and utilized without the risk of exposing the actual data, by using Multi-party Computation (MPC). ARPA's primary proposition is to facilitate private smart contracts, which would allow entities to compute functions jointly while keeping the inputs private.
The specific individuals behind ARPA are not mentioned in the provided information. However, projects like ARPA typically have a team of technology experts, cryptographers, and industry professionals who collectively work towards the development and success of the platform. The details about the founding team are often available on the project's official website or through their official communication channels.
ARPA’s network functions through the use of Multi-party Computation (MPC), a cryptographic protocol that distributes computations across multiple parties where no individual party can see the other's data. It allows the network to compute and verify a complicated function without revealing the underlying data to any participant, ensuring that sensitive information remains confidential.
ARPA proclaims its uniqueness through its compatibility with existing blockchain infrastructures and its commitment to privacy protection. Its secure computation network is designed to support a variety of applications that require data privacy, such as secure data sharing, joint data analyses, and private smart contracts, making it unique in the world of blockchains focusing on data privacy and computational sharding.
Multi-party Computation is a cryptographic protocol that enables multiple parties to compute an output from their inputs while keeping those inputs private from each other. In ARPA's implementation, MPC supposedly allows for a secure, private, and scalable method of computation that can be useful in numerous real-world applications requiring confidentiality and security.
The ARPA chain claims to ensure network security through the use of advanced cryptographic techniques inherent in its Multi-party Computation (MPC) framework. This not only secures the data being used but also maintains the integrity of the computations across its blockchain network.
The claimed use cases for ARPA are widespread because of its focus on data privacy. This includes safe data sharing between multiple entities, such as companies or government agencies, without the risk of data leaks. It can also be used for secure multi-party data analyses, where the computation is done without exposing the raw data. Additionally, the project posits the creation of private smart contracts that execute without revealing any confidential information.
The performance metrics of ARPA, like #502, $ 32.8M, and 10.8M, are ever-changing and can be accessed in real-time from various cryptocurrency tracking websites. The market cap rank gives an indication of the size and popularity of ARPA within the crypto market, while the trading volume hints at its current liquidity and investor activity.
ARPA tokens can be bought from various cryptocurrency exchanges that list them. Depending on the platform, you would typically need to create an account, complete any required KYC procedures, deposit funds, and then you can trade for ARPA tokens (actual availability and process might vary between CoinEx, LBank, Coinone, KuCoin, Gate.io).
To safely store ARPA tokens, users should employ a secure cryptocurrency wallet that supports the token. Options include hardware wallets, which offer offline storage for increased security, or software wallets that provide convenience for active trading and transfers. It's critical to properly secure your wallet with strong passwords and backups to safeguard against unauthorized access or loss.
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