ARPA Monthly Report | March & April Combined Progress Review
Dear ARPA Community,
To ensure that the ARPA community is well-informed on the team’s latest improvements, we update ARPA’s development dynamics and progress through our monthly report. Thank you all for your support!
This is a look back at March and April. Enjoy!
01 ARPA Development Dynamics & Technology Progress
- Conducted deployment on Sepolia testnet by distributed nodes
- Optimized gas cost on requesting randomness
- Added retry and polling management on the ARPA Network node
- Developed staking website that supports connection to mainstream wallets
- Connected the website to the testnet and debugging the staking functionality
02 Community, Marketing & Listings
Exploring the Beauty of Randomness: A Dance of Chaos and Order
On April 26th, ARPA published an article that explores the beauty and significance of randomness and probability in our world, from the realm of quantum mechanics to the philosophy of free will and determinism. The piece traces the history of probability theory, from the foundational discoveries of Pascal and Fermat to the modern statistics we use today.
The article emphasizes the critical role of randomness in cryptography and the importance of securing our sensitive digital data. It also introduces ARPA’s challenge at “The Hunt for X” hackathon, inviting developers to explore the power of on-chain random number generation (RNG) and its innovative applications in blockchain technology. Don’t miss out on this intriguing read and check out the full article here:
ARPA Network Secures Investment from DWF Labs to Fuel Growth of Decentralized Computing Solutions
On April 25th, ARPA announced it had secured a multimillion-dollar strategic investment from DWF Labs. This partnership will enable us to bring new levels of privacy, security, and fairness to the industry while also accelerating ARPA’s R&D efforts. With DWF’s extensive experience and resources in the digital asset market, we are confident that this investment will help to propel our growth and empower us to develop more groundbreaking solutions for the blockchain ecosystem.
Read about what this partnership means for the future:
Also available on:
Insights From Co-Founder Yemu Xu: Four Ways DeFi Is Outperforming Traditional Finance
On April 19th, Yemu Xu, the co-founder of ARPA, published an enlightening article on Wealth Management, exploring how DeFi is revolutionizing the financial industry and surpassing traditional finance in various aspects. Yemu delved into the core differences between DeFi and TradFi, the challenges facing DeFi, and the immense potential that DeFi holds in outshining its traditional counterpart. Don’t miss out on this informative read, visit the article on Wealth Management to learn more:
Web3 Builders Party & ZK Night
On April 13th, ARPA partnered with ScalingX, ConsenSys, ælf, Infura, and other well-known players in the industry to host an unforgettable Web3 Builders Party & ZK Night in Hong Kong. This event brought together the brightest minds in the blockchain and ZK tech space, providing attendees with a unique opportunity to engage in insightful discussions and valuable networking opportunities. The collaborative nature of this event was truly remarkable, and ARPA was proud to be part of such a memorable evening.
“The Hunt for X” ZK Hackathon Kicks Off with ARPA’s Co-founder and CTO Majorknight
On April 12th, Majorknight, the co-founder and CTO of ARPA, joined the kick-off meeting of “The Hunt for X” ZK Hackathon. This exciting virtual coding competition aims to explore the cutting-edge technology of Zero-Knowledge Proofing as a blockchain scaling solution. Over the course of three weeks, developers and innovators from all over the world are invited to showcase their skills, with the event accepting submissions from April 12th to May 5th. As a sponsor of the hackathon, ARPA invited builders to explore the potential of on-chain RNG in cryptography, gaming, digital art, and beyond. Let’s join forces to unleash our creativity and leverage the power of on-chain RNG to shape the future of blockchain and decentralization.
Read more details about ARPA’s bounty here:
ARPA Roadmap Update: TestNet Deployed on Ethereum, 1st 2023 Milestone Achieved
On April 11th, ARPA proudly announced the launch of the ARPA Network TestNet, enabling early developers to build DApp prototypes that leverage the power of the ARPA-BLS network via the API we provide by deploying smart contracts on the public Ethereum testnet. This marked a significant milestone for us, and we are eager to keep pushing the boundaries of privacy-preserving computation to see what’s next. Read this article to learn more details about the development updates:
Starknet Hong Kong Meet Up
On April 11th, ARPA, along with ScalingX, Starknet, ConsenSys, ælf, Infura, and other renowned players in the industry, hosted an exciting Starknet meetup in Hong Kong. This event brought together developers across regions, providing an opportunity to connect and exchange ideas about Layer2 scalability solutions. Attendees explored new potentials for their projects, discovered innovative approaches to challenges, and forged new connections with like-minded professionals. It was an inspiring gathering that showcased the boundless potential of the developer community.
Panel Discussion at Modular 3: The Past, Present, and Future of Digital Assets and Its Marriage with TradFi
On April 11th, Yemu Xu, the co-founder of ARPA, led an exceptional panel discussion at Modular 3 in Hong Kong, where industry veterans came together for a deep dive into the evolution of digital assets and their convergence with traditional finance. The panelists included Bobby Lee from Ballet Wallet, Kenny from Manta, Omer from RockTree Capital, Lily King from Cobo, and Xin from Old Fashion Research. Together, they shared their insights on the critical role of infrastructure, wallet, custody, and investors in the emerging landscape of digital assets.
Insights From Co-Founder Felix Xu: The Rules of the Game
On the first of April, Felix Xu, the co-founder of ARPA, published an article on Digital Transactions. In this piece, Felix delved into what the future holds for crypto regulations, discussing the potential benefits, existing proposals, and the uncertainties that come with this rapidly evolving landscape. For those seeking a more comprehensive exploration of this topic, we highly recommend reading the full article on Digital Transactions:
Insights From ARPA Co-Founder Yemu Xu: What Can We Expect from Cryptocurrency Regulation in 2023?
Yemu Xu, the co-founder of ARPA, was recently featured on Risk & Insurance, where he shared insights on the future of cryptocurrency regulation. Yemu discussed how the collapse of FTX has expedited the need for regulations in the U.S. and around the world. He also provided his thoughts on where regulations may be implemented and what factors to consider in the near future. To learn more, check out the feature on Risk & Insurance:
About ARPA
ARPA Network (ARPA) is a decentralized secure computation network built to improve the fairness, security, and privacy of blockchains. ARPA threshold BLS signature network serves as the infrastructure of verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains.
ARPA was previously known as ARPA Chain, a privacy-preserving Multi-party Computation (MPC) network founded in 2018. ARPA Mainnet has completed over 224,000 computation tasks in the past years. Our experience in MPC and other cryptography laid the foundation for our innovative threshold BLS signature schemes (TSS-BLS) system design and led us to today’s ARPA Network.
Randcast, a verifiable Random Number Generator (RNG), is the first application that leverages ARPA as infrastructure. Randcast offers a cryptographically generated random source with superior security and low cost compared to other solutions. Metaverse, game, lottery, NFT minting and whitelisting, key generation, and blockchain validator task distribution can benefit from Randcast’s tamper-proof randomness.
For more information about ARPA or to join our team, please contact us at contact@arpanetwork.io.
Learn about ARPA’s recent official news：
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