ARPA is a blockchain-based layer 2 solution for privacy-preserving computing, enabled by cryptographic Multilateral Computing (“MPC”). The purpose of ARPA Coin is to separate the data utility from ownership and make it possible to lease data. Detailed information about what is ARPA Chain coin, how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Immutable X coin (IMX).
What is ARPA Chain coin and how does it work?
ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data entry private and secure. ARPA allows for private data to be shared secretly and the accuracy of the calculation can be verified using the info-theoretical Message Authentication Code. The purpose of ARPA Coin is to separate the data utility from ownership and make it possible to lease data.
Use cases of ARPA token include computational cost, data and model usage fee, security deposit, community management etc. is found. The ARPA token currently works on the Ethereum network.
Developers can build privacy-protecting dApps on ARPA-compliant blockchains. Some immediate use cases include credit fraud prevention, secure data wallet, sensitive marketing, shared AI model training, or key management systems. For example, banks using the ARPA network can share credit blacklists with each other for risk management purposes without disclosing customer data or privacy.
How to buy ARPA Chain coin? How much is the ARPA coin price?
ARPA Chain coin can be purchased from listed cryptocurrency exchanges. But before trading, it is necessary to make sure that the stock market is reliable. As of November 17, 2021, the price of 1 ARPA token is around $0.17 (price can change instantly)
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency