ARPA
Crypto Overview
Overview and Intended Utility
ARPA Network is a blockchain-based layer 2 solution that provides secure computation and random number generation capabilities. The project aims to enable privacy-preserving smart contracts and decentralized applications through its Threshold Signature Scheme (TSS) and Multi-Party Computation (MPC) technology.
Business Model & Implementation
The ARPA token serves as the native cryptocurrency of the network, used for: 1) Paying for computation services, 2) Staking to secure the network, and 3) Governance participation. The project focuses heavily on providing verifiable random numbers for blockchain applications and secure computation services.
Real World Adoption & Development
ARPA has demonstrated actual utility through partnerships with notable blockchain projects and integration of its Random Number Generator solution. The project shows consistent development activity on GitHub and regular technical updates. Their Randcast solution is actively used by multiple blockchain protocols for random number generation.
Token Distribution & Founder Analysis
The token distribution shows a relatively balanced allocation with appropriate vesting schedules for team and investors. About 25% was allocated to the team and advisors with a 3-year vesting period. The project demonstrates transparency in its operations with regular development updates and clear documentation of token utilities.
Technical Implementation
The project's core technology is based on secure Multi-Party Computation, which aligns with Islamic principles as it provides actual utility and involves real asset exchange. The staking mechanism used for network security does not involve interest-bearing elements but rather compensation for providing network services.
Crypto Impact
To assign a comfort level investing in ARPA from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to ARPA.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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