ARPA is a decentralized, privacy-preserving blockchain network that enables secure multi-party computation (MPC) and smart contracts. Its primary goal is to provide a secure, scalable, and private computation solution for various industries, including finance, healthcare, and more ¹ ² ³.
*Key Features:*
- *Secure Multi-Party Computation (SMPC)*: Allows multiple parties to jointly compute a function without revealing their inputs.
- *Privacy-Preserving Smart Contracts*: Enables confidential transactions and data sharing.
- *Layer 2 Scaling Solution*: Enhances transaction throughput and reduces costs.
- *Threshold BLS Signature Scheme*: Ensures secure and efficient transactions.
*Use Cases:*
- *Finance*: Secure transactions, data sharing, and analytics.
- *Healthcare*: Confidential data sharing and analysis.
- *Gaming*: Tamper-proof randomness for fair gaming experiences.
- *NFT Minting*: Secure and private NFT creation ³ ⁴ ².
*Tokenomics:*
- *Total Supply*: 2 billion ARPA tokens.
- *Circulating Supply*: 1.52 billion ARPA tokens.
- *Use Cases*: Payment for computation services, transaction fees, and governance ² ⁴.
*Recent Developments:*
- *Layer 1 Transition*: ARPA is transitioning to a privacy-focused Layer 1 blockchain.
- *Technical Breakout*: ARPA's price has surged due to its technical breakout and increased trading volume ⁵.
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