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FAQ About ARPA

• What is ARPA?

  ARPA Network (ARPA) is a decentralized computation platform designed to enhance the security, fairness, and privacy within blockchain ecosystems. Utilizing a threshold BLS signature framework, ARPA acts as the backbone for a verifiable Random Number Generator (RNG), secure wallet integration, cross-chain bridging, and decentralized custody, serving multiple blockchain networks efficiently.
  
  Originally established as ARPA Chain in 2018, ARPA began as a privacy-centric Multi-party Computation (MPC) network. Over the years, the ARPA Mainnet has accomplished more than 224,000 computation tasks, enabling us to hone our expertise in MPC and cryptographic methodologies. This deep understanding paved the way for the development of our innovative threshold BLS signature schemes (TSS-BLS), ultimately leading to the evolution of ARPA Network.
  
  The inaugural application utilizing the ARPA infrastructure is Randcast, a verifiable Random Number Generator (RNG) that provides a secure and cost-effective source of cryptographically generated randomness. Randcast is particularly advantageous for various applications such as metaverse platforms, gaming, lotteries, NFT minting and whitelisting, key generation, and distributing tasks among blockchain validators, offering a robust solution for tamper-proof randomness.

• How to buy ARPA

  To buy ARPA, you can follow these general steps:
  
  1. Choose a cryptocurrency exchange and Create an Account
  Start by selecting a reputable and reliable cryptocurrency platform that supports ARPA trading. You can also buy ARPA here on Toobit. Sign up.
  
  2. Complete Verification (Not Mandatory):
  Read our How to Complete Identification on Toobit guide for more information.
  
  3. Deposit Funds:
  Deposit funds into your Toobit account. This could be done via credit/debit cards, or your crypto wallet.
  
  4. Navigate to ARPA:
  Once your account is funded, navigate to the Markets section of the platform.
  
  5. Buy ARPA:
  Locate ARPA in the list of available cryptocurrencies.
  Place a buy order. Read our How to Buy Crypto on Toobit guide for more information.

• How to Sell ARPA?

  You can sell ARPA to USDT here on Toobit. Read our guide on How to Trade Spot on Toobit for more information.

• What is ARPA price Now?

  Are you looking for ARPA Price? Live ARPA price is updated in real-time on Toobit.

• How to Withdraw ARPA on Toobit?

  You can withdraw ARPA and other crypto tokens into USDT here on Toobit. Read our How to Withdraw Crypto on Toobit guide for more information.

• How does ARPA work?

  ARPA Network is built upon an advanced threshold signature scheme (TSS) architecture, which distinguishes it with innovative protocol designs and distinctive mechanisms tailored for blockchain applications. This decentralized network comprises independently operated nodes distributed across various regions, enhancing its resilience against physical tampering. Each signature produced by ARPA Network undergoes on-chain verification prior to fulfilling any requests, ensuring the system’s integrity and security. Furthermore, the network employs an asynchronous, non-interactive communication framework for signature generation, focusing on delivering responsive service and maintaining high availability.

• What are the potential use cases for ARPA?

  ARPA Network presents a versatile platform with a multitude of potential applications. Its inaugural product, Randcast, serves as a verifiable Random Number Generator (RNG) that delivers a secure, cryptographically generated source of randomness at a low cost. This tamper-resistant randomness proves invaluable for various sectors, including the metaverse, gaming, lottery systems, NFT minting and whitelisting, key generation, and the allocation of tasks among blockchain validators.
  Moreover, ARPA Network is poised to enhance the infrastructure of cryptocurrency wallets, offering heightened security measures, cross-chain interoperability, and decentralized custody solutions across multiple blockchain networks. Its adaptable network architecture also accommodates diverse applications utilizing threshold signature schemes, making it an essential tool for developers seeking flexibility and security in their projects.

• What is the history of ARPA?

  ARPA, originally branded as ARPA Chain, launched in 2018 as a pioneering Multi-party Computation (MPC) network focused on privacy enhancement. Since its inception, the ARPA Mainnet has successfully executed over 224,000 computation tasks, accumulating significant expertise in MPC and cryptographic techniques. This knowledge has facilitated the development of advanced threshold BLS signature schemes (TSS-BLS), a key component of the contemporary ARPA Network. Committed to fostering a decentralized blockchain ecosystem, the network is collaboratively built by a diverse team of cryptographers, engineers, and entrepreneurs, working closely alongside the community to drive innovation.