ARPA

Halal Rating :
Comfortable
Last Price $0.035 Last updated:
Rank 552
1D Change -6.12 %
Market Cap $53.44m
Circulating supply 1,519,586,598
Maximum supply None

Crypto Overview

Categories
  • Scaling
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Overview

ARPA is a blockchain-based layer 1 network focused on providing privacy-preserving computation and random number generation capabilities. The ARPA token serves as the native utility token of the network, used for governance, staking, and paying for computation services.

Purpose and Utility

The primary purpose of ARPA is to enable secure multi-party computation (MPC) and verifiable random function (VRF) capabilities for blockchain applications. The network allows developers to perform privacy-preserving computations while maintaining data confidentiality. The ARPA token is used to pay for these computation services and participate in network governance.

Business Model Analysis

ARPA's business model centers around providing essential infrastructure for blockchain applications requiring secure computation and randomness generation. The project has demonstrated legitimate technological development and maintains active partnerships with other blockchain projects. The core services do not involve any prohibited activities like gambling, interest-based lending, or adult content.

Real-World Adoption

ARPA has achieved integration with several blockchain projects, particularly for its random number generation capabilities. The network has been adopted by various DeFi protocols and blockchain games for fair random number generation. While adoption is still growing, there is evidence of genuine utility and ongoing development.

Platform Development

The project maintains active development with regular updates to its protocol. The team consistently releases technical updates and has a clear roadmap for future development. The GitHub repository shows consistent activity, indicating ongoing technical progress.

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