Blockchain technology has revolutionized the way we store and transfer data. However, as blockchain networks become increasingly complex, security concerns arise, and the need for improved privacy and fairness becomes more critical. ARPA Network is a decentralized computation network that aims to address these challenges by providing a secure and affordable infrastructure for blockchain applications.
ARPA Network is the rebranded version of ARPA Chain, a decentralized solution for privacy-preserving computation. The new ARPA is designed to generate on-chain threshold BLS signatures that can be used for a wide variety of applications, including verifiable Random Number Generators (RNG), secure wallets, decentralized asset custody, and cross-chain bridges. By providing an affordable alternative to existing inefficient and expensive on-chain operations, ARPA serves as the infrastructure of many blockchain applications.
The native token of ARPA Network is ARPA, which has several use cases. Node operators can earn ARPA as a reward for completing computation tasks. Clients who require computation services can pay fees in ARPA, and node operators need to stake a certain amount of ARPA as collateral for security deposits when setting up computation nodes to ensure network security.
The ARPA Network project consists of several major components that work together to provide a secure and decentralized infrastructure for computation. The Threshold BLS Signature Scheme is a protocol that processes signature-related functions, and ARPA's TSS-BLS can generate a decentralized tamper-proof signature that is flexible for customization to cater to different security levels and is adaptable to multiple blockchains.
Randcast is the first application on ARPA Network, a decentralized verifiable RNG that assigns the random number generation task to the node groups. Other applications built on ARPA can call for various computation tasks, making it a versatile and reliable infrastructure for blockchain applications.
As of November 8th, 2022, the maximum and total token supply of ARPA are 2,000,000,000 and 1,500,000,000, respectively, with a circulating supply of 1,240,000,000. Token distribution is crucial for any blockchain project, and ARPA has a fair distribution model, with 60% of the total token supply allocated for public distribution and 10% reserved for the team.
In conclusion, ARPA Network is an innovative and decentralized solution for secure computation that improves the fairness, security, and privacy of blockchain networks. With its versatile applications, affordable alternative to on-chain operations, and secure infrastructure, ARPA Network is a promising project for the blockchain industry.
