ARPA Chain is a Layer-2 scaling solution built to operate as a privacy-preserving compute network. Founded in April 2018, ARPA’s goal is to separate data utility from ownership and make data leases possible.
In line with this goal, the MPC protocol has been developed in such a way as to seek ways to extract data synergies by keeping the data entry of each party confidential and secure, and it is aimed to achieve the goal of ARPA Chain.
ARPA coin is the native token of ARPA Chain. It runs on the Ethereum network. It is used to cover computational cost, data rental, model usage fees, and send value. Token holders can pay for data or use the computing power feature. In addition, it has access to all the features and functions of the network, including renting the space.
ARPA Chain 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 supporters.
We can list the advantages of Barley Coin as follows:
- Its ability to secure data leases without revealing user identity and private data makes ARPA Chain stand out for multiple industries that require a sensitive data storage solution.
- It provides efficient and privacy-based smart contracts solutions for DAPP developers.
- It expands the industries it caters to by offering privacy-based rental services for individuals and businesses.
- It has gained a scalable infrastructure with computational sharding.
- ARPA Coin is listed on Binance, Coinbase and many other major cryptocurrency exchanges.
Barley Coin disadvantages are as follows:
- Due to the extreme volatility in prices, it is possible that the investment audience looking for a safe and risk-free investment tool will remove ARPA Coin from their lists.
- It can be said that the maximum supply determined as 2 billion ARPA Coins is inflationary.
- The token may need to be stored in a hardware wallet against the risk of attack, theft and hacking.
ARPA Coin is listed on many popular cryptocurrency exchanges.
