ARPA Chain offers a blockchain-based computation network to secure smart contracts and data on distributed ledger technology (DLT). It uses Multi-party Computation (MPC) technology for encrypting private smart contracts and private data and leverages computational sharding to enable higher scalability of its offering.

The Layer 2 scaling solution ARPA Chain enables a way for developers to embed privacy in the smart contracts they deploy while creating dApps. It can also ensure a way to keep a party's data input private for individuals and enterprises on the blockchain infrastructure.

ARPA is the native digital asset of the ARPA Chain and is used to pay transaction fees within the network. The ARPA token is an incentive for computational power and resources in the ARPA Chain ecosystem. It is also used to pay rent on the data accessed on the network.

ARPA Chains technology has several use cases across mainstream industries, from fintech and advertising to healthcare and government. It allows organizations to share private data in a cryptographically secure manner with stakeholders without compromising the sensitive informations security or safety.

ARPA Chains secure MPC lets multiple parties collaboratively analyze data and perform computing functions over data without compromising privacy. The computation performed can then be verified even if the network experiences a 51% attack, affecting the integrity of most nodes within the network.

The verification of the computation uses the Message Authentication Code (MAC). This allows for sharing of secret information and information-theoretic MAC.

The use of zero-knowledge proofs via the zk-SNARK protocol allows each party to compute their portion of the secret input without gaining access to other parts of the data. This model preserves data integrity even in the event of a malicious majority attack on the network infrastructure.

As a Layer 2 blockchain-agnostic solution, ARPA Chain is designed for scalability, performing all the intensive computational work off-chain to ensure the speed and efficiency of key management systems within the blockchain. As a result, it can be used to improve the computation scalability and throughput of any Layer 1 blockchain network by increasing the number of participating nodes. The use of sharding technology makes it possible to scale the technology for commercial, real-world applications.

The ARPA token has several uses, including:

Pay For Computation

ARPA serves as the native currency within the ARPA Chain ecosystem. It is used to pay for availing computational resources or computing power on the blockchain.

Renting Data

Resources need to pay in ARPA tokens to enable data renting using the ARPA Chains infrastructure. The rent earned can be offered as incentives to participants who use ARPA's secure data wallet feature within the network who provide and keep this data private.

Governance Token

Participants in the ARPA network must deposit their ARPA token holdings to access governance functions. As token holders, they can then enjoy voting rights on critical decisions to upgrade ARPA Chain and control how it evolves in the future.

Crypto Asset to Trade and HODL

ARPA is one of the smaller cryptocurrencies by market cap and price in the wider crypto sector. These factors could potentially make it a low-risk digital asset to invest in, especially among new traders.

You can buy or sell ARPA Chain or even hold on to it in the long term if you believe in the future potential of the ARPA Chain project. Always check the current ARPA price, market cap, 24-hour trading volume, and news before you trade ARPA Chain.

Earn Passive Income

You can increase your ARPA holdings by lending liquidity to leading platforms, including BYDFi. BYDFi gives you an easy and lucrative way to earn passive income by investing in ARPA tokens via its Crypto Lending feature.

Look for the ARPA crypto in this section of your BYDFi account, enter the number of tokens you wish to lend, and select the duration (7 days, 14 days, or 28 days). You will then be able to see a daily interest rate and estimate on profits.

ARPA Chain offers an exciting option for diversifying your crypto portfolio. With its low price and low exposure to risk, it is an easy crypto to invest in, especially for new investors. The rising adoption of ARPA Chain's technology by enterprises could drive its price and market cap. Additionally, more businesses and developers building dApps on ARPA Chain's infrastructure could bring in more users and increase its on-chain activity. In a bullish crypto market, ARPA Chain could attract more investors and see a rise in price and trading volume.

The business case and idea for ARPA Chain originated in Q1 2018, and the project started in Q2 2018. The whitepaper was released in Q3 2018. The MPC network's launch and proof of concept (PoC) demo took place in Q4 2018. The ASTRAEA testnet went live in Q1 2019, followed by the finance use case in Q2. The mainnet release occurred in Q4 2019. In subsequent years, ARPA Chain's team worked on upgrading security and performance features, precision marketing PoC, partnership programs, and more technical upgrades.

While making an accurate price prediction is impossible, there is hope that ARPA Chain's price can reach and surpass $1. The rising adoption of ARPA Chain's infrastructure, a bullish crypto market, and the token burn mechanism can contribute to its price growth. The previous ATH of over $0.27 shows the potential for ARPA Chain to reach new highs in the future.

The max supply of ARPA tokens is set at 2 billion, but the token-burning processes have reduced the total supply to 1.5 billion as of June 2022. The circulating supply is currently over 1.2 billion, subject to change as more tokens are distributed and burned within the ARPA Chain ecosystem.