ARPA Monthly Report | June Progress Review
Dear ARPA community,
To ensure that the ARPA community is well-informed on the team’s latest improvement, we update ARPA’s development dynamics and progress through our monthly report. Thank you all for your support!
This is a look back at June. Enjoy!
01 ARPA Development Dynamics & Technology Progress
DeFi
- Updated MPC Mainnet website
- Consolidated the hardhat-based devops workflow
MPC
- Designed components upon the architecture of TSS-based verifiable random number generation network
- Completed the preparation of development
- Developed the joint Feldman’s verifiable secret sharing scheme
- Developed the distributed key generation of threshold BLS signature
- Developed the Lagrange’s interpolation recovery function
- Participated MPC performance benchmark standard goes public
- Participated IEEE P2830 shared machine learning standard goes public
02 Community, Marketing & Listings
2021 Q2 Quartly Token Burn: 10mil ARPA Tokens Burnt
On June 29th, ARPA foundation announced another round of quarterly token burn has been conducted. 10,000,000 ARPA tokens were burnt in this round, worth about $315,000 at the current price. The amount burnt has been sent to the black hole address shown below.
By the end of this round of token burn, the total amount of ARPA burnt adds up to 147,000,000, accounting for 14.7% of the circulation supply(1,000,000,000), 7.35% of the total supply(2,000,000,000), worth around $4,500,000 USD as of now.
Black hole address:
0x168115cf806009f8984f47c90033e9a9705b4f65
TXID:0x19c3ce6ead7da105bc6376d7fe37b5c3afc7d432514a665e75c020f1b392d1e8
ARPA Foundation is confident that ARPA supporters will benefit from the deflation of token supply. We are going to explore more use cases for both privacy-preserving computation and ARPA token. Thank you very much for all your support.
Read more:
Arpa Partnered With Kika Finance, Users Can Deposit ARPA to Earn KIKA
On June 8th, UTC+8, $ARPA (HRC-20) was listed on Kika Finance, Huobi Ecological Chain (HECO)’s first DeFi lending agreement and started full cooperation. Users can now deposit $ARPA and earn $KIKA.
Particapate now:
About ARPA
ARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using the information-theoretic Message Authentication Code (MAC).
Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist for risk management purposes without exposing their customer data or privacy.
Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proofs-of-concept and MPC products. In 2019, ARPA was named the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association.
For more information about ARPA or to join our team, please contact us at about@arpachain.io.
Learn about ARPA’s recent official news：
Telegram (English): https://t.me/arpa_community
Telegram (Việt Nam): https://t.me/ARPAVietnam
Telegram (Russian): https://t.me/arpa_community_ru
Telegram (Indonesian): https://t.me/Arpa_Indonesia
Telegram (Turkish): https://t.me/Arpa_Turkey
Telegram(Sri Lanka):https://t.me/arpa_srilanka
Telegram(Africa):https://t.me/arpaafrica
Korean Chats: https://open.kakao.com/o/giExbhmb (Kakao) & https://t.me/arpakoreanofficial (Telegram, new)
Medium: https://medium.com/@arpa
Twitter: @arpaofficial
Reddit: https://www.reddit.com/r/arpachain/
Facebook: https://www.facebook.com/ARPA-317434982266680/54
