About Arpa Chain (ARPA)
Arpa Chain describes itself as a secured computation network and layer-2 blockchain protocol that enables privacy-preserving computation and sharing between parties. Arpa Chain was founded in 2017 and released in April 2018, aiming to separate data utility from ownership and provide a channel for an effective blockchain-based data renting model.
Arpa Chain accomplishes its goal of implementing data utility without exposing full data input through what is known as Multi-Party Computation (MPC). Arpa’s MPC protocol is said to be the method by which multiple entities can collaboratively analyze data and even extract data synergies, all while keeping the individual parties’ data input completely private and secure.
Arpa Chain gives the example that the privacy-preservation aspect of the network enables banks to share their credit blacklist for risk management measures without compromising customer data or privacy. The network cryptocurrency for the layer-2 protocol, Arpa Chain, is known by its token ticker $ARPA. ARPA is an Ethereum network cryptocurrency token tradable with other ERC-20 tokens. The current price of Arpa Chain token is updated and available in real-time on Binance.