Founded in April 2018, ARPA’s goal is to separate data utility from ownership, enabling data leasing. ARPA’s MPC protocol creates ways for multiple entities to jointly analyze data and extract data synergies while keeping each party’s data input confidential and secure. MPC (Multi-Party Computation) is a blockchain-based Layer 2 solution.
What is ARPA Chain (ARPA)?
Developers can create privacy-preserving dApps on ARPA-compatible blockchains. Some urgent use cases include preventing credit fraud, secure data wallets, sensitive marketing, joint AI model training, and key management systems. For example, banks using the ARPA network can share credit blacklists with each other for risk management without disclosing customer data or privacy.
Additionally, ARPA has partnerships with organizations and technology companies such as IEEE Standard Association, ISO, JD.com, Sinochem Group, CAICT, Elrond, and Chainlink.
Furthermore, among the use cases of ARPA’s native cryptocurrency, ARPA token, are computation cost, data and model usage fees, security deposit, and community governance. The ARPA token currently operates on the Ethereum network.
On the other hand, ARPA initially plans to focus on business development and community building in Asia and Europe. As the project gains popularity, the focus of community growth will gradually expand to other markets.
As of the time of preparing this article, ARPA Chain Coin, trading at $2.69, ranks 102nd in market value according to CoinMarketCap data with a trading volume of 189,420,809 USD. In addition, there are currently 72,164,169 ARPA Chain Coins in circulation, and this is expected to reach a maximum of 1,500,000,000 ARPA Coins.
Moreover, it should be noted that ARPA Chain Coin, which hit a low of $0.76 on December 29, 2020, broke a record on December 25, 2020, with $2.92.
ARPA can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
Where to Buy ARPA Coin?
After creating an account on Binance, you can quickly purchase ARPA Chain coin by following the steps below. It’s worth noting that liquidity, security, and speed are the main factors why investors prefer Binance.
- To buy ARPA Chain Coin, first, send USD to the exchange or buy a cryptocurrency that can be used instead. For this, go to the Binance homepage, click on the “Buy Crypto” option in the upper left, and then click on the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to transact with and mark Tether, i.e., USDT, in the Coin section.
- After buying USDT, preview the “Buy-Sell” option in the upper left again and click on the “Classic” tab.
- In the opened section, select the USDT tab from the top right, type ARPA in the search button and select the ARPA/USDT pair that opens below.
- Then come to the middle “BUY ARPA” tab, enter the amount you want to buy.
- Enter the amount you want and complete the ARPA Coin purchase process by confirming the transaction.
In addition, on Binance, you can create a buy order at a lower price than the current price by entering the amount you want to buy. For this, use the Limit tab and enter the amount you want to buy and the price you want to buy at.
