ARPA Chain is a blockchain-independent Layer-2 computing network. In this article, as Kriptokoin.com, “What is ARPA Chain?” We will answer the question. In addition, we will touch on other questions about the project.
What is ARPA Chain? What does it do?
ARPA Chain is a Layer-2 scaling solution built to operate as a privacy-preserving compute network. This maintains high standards for data privacy and security. It also means that blockchain networks can offer a dramatic boost to transaction volume. ARPA uses Secure Multi-Party Computation (SMPC) and confidential sharing technology to protect privacy and computational accuracy. Barley Chain is a privacy-preserving blockchain compatible computing network. It is a layer-2 solution that is blockchain agnostic and can be used widely. Barley Cryptographic supports custom smart contracts. It also provides great data privacy and scalable computational sharding while in use. Proxy smart contracts act as a conduit between the blockchain and the computing network.
Arpa Chain was established in April 2018 with the aim of separating data usage from ownership and enabling data leasing. Arpa’s MPC protocol provides joint data analysis and data synergies for various businesses while ensuring data security.
Developers can build privacy-protecting dApps on compatible blockchains such as credit fraud prevention, private data wallets, and key management systems. Barley works with various organizations and technology businesses, including Chainlink, ISO, JD.com, Sinochem Group, CAICT and Elrond. It has also partnered with Travala to allow Barley token users to book travel products in over 230 countries.
What is ARPA coin?
ARPA coin is the native token of ARPA Chain. Token holders can pay for data or use the computing power feature. In addition, it can access all the features and functions of the network, including renting the space. The ARPA token is used to cover your computational cost, data lease, model usage fees and send value. You can also trade this token on various top performing exchanges. Specifically, ARPA is an ERC-20 token with a limited supply of 2,000,000,000 coins.
How does ARPA Chain work?
The ARPA Chain (ARPA) ecosystem consists of a private blockchain, utility token. In addition, it consists of multiple proprietary systems. The network leverages proxy smart contracts as a bridge to interconnect blockchains and secure the network. The network consists of nodes, providers, consumers and backers.
How to get ARPA coins?
ARPA Chain is currently traded on numerous cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where ARPA Chain is traded are listed as follows: Binance, MEXC, Bitget, BingX. Users who want to invest in the project should open an account on one of these exchanges.
