ARPA Chain offers a blockchain-based computation network to secure smart contracts and data on distributed ledger technology (DLT). It uses Multi-party Computation (MPC) technology for encrypting private smart contracts and private data and leverages computational sharding to enable higher scalability of its offering.
The Layer 2 scaling solution ARPA Chain enables a way for developers to embed privacy in the smart contracts they deploy while creating dApps. It can also ensure a way to keep a party's data input private for individuals and enterprises on the blockchain infrastructure.
ARPA is the native digital asset of the ARPA Chain and is used to pay transaction fees within the network. The ARPA token is an incentive for computational power and resources in the ARPA Chain ecosystem. It is also used to pay rent on the data accessed on the network.
ARPA Chain’s technology has several use cases across mainstream industries, from fintech and advertising to healthcare and government. It allows organizations to share private data in a cryptographically secure manner with stakeholders without compromising the sensitive information’s security or safety.
