ARPA Monthly Report | May Progress Review

Dear ARPA community,

To make sure that fellows of ARPA community are well informed of the latest developments of the team, we will update the project dynamics and progress in ARPA community in our monthly report. Thank you all for your support!

This is April in the rearview. Enjoy!

01 ARPA Development Dynamics & Technology Progress

Pooled Mining on Mainnet

1. Formally launched pooled mining on mainnet.
2. Fixed known bugs in the frontend of mainnet.
3. Completed unit test, integrated test, and user acceptance test in the backend of MPC pooled mining.
4. Optimized the reward distribution logic of MPC pooled mining and fixed minor backend bugs.

MPC

1. Smart contract development ramp-up.
2. Conducted internaltraining on smart contract development.
3. Compiled the architecture document for the secure MPC platform.
4. Compiled the API document for the secure MPC platform.

DeFi

1. Refinedthe DeFi architectural design down to different components.
2. Determined the backend technical stack, including the serverless framework and language selection.
3. Planned the protocol-layer design and development process.
4. Finalizedthe iteration plan for the frontend- backend development and test.
5. Explored the development toolings.
6. Completed DeFi formula definition and logic document compilation.
7. Performed initial design of DeFi governance mode.
8. Optimized DeFi Dapp UX/UI design.
9. Selected the interaction method between smart contract and Web3.
10. Debugged smart contract and selected the test solution.

Privacy Computing

1. Compared applications and overhead of privacy computing technologies.
2. Compared security of trusted execution environment solutions.
3. Surveyed the trusted establishment protocol on non-interactive zero-knowledge proof.

Selection and Architecture Planning of DeFi Backend Technical Stacks

02 Community, Marketing & Listings

ARPA Mainnet Mining Pool Launched

ARPA’s pre-alpha mainnet mining pool is now live and accepting staking. Users can choose a mining pool, stake their ARPA tokens and start earning computation rewards.

ARPA mainnet mining pool is designed to lower the threshold for users to participate in the ARPA mainnet secure multi-party computation. By staking no less than 50,000 ARPA to the designated mining pool, users can participate in multi-party computation(MPC). With successful completion of each task, users will receive mainnet mining reward.

Mining pool Live time: May 8, 2020

Annualized Mining Reward: 15% ～25%

Minimum Staking Amount: 50,000 ARPA

Staking Cap per pool: 3,000,000 ARPA

Current total cap: 15,000,000 ARPA

Mining pool: mainnet.arpachain.io

ARPA Celebrated Second Anniversary

ARPA team turned 2 years old this past month. ARPA community had a week-long celebration for its second-anniversary.

Birthday Wishes from Around the World

Click the URL to read a letter from ARPA’s founder:

On ARPA’s 2nd Anniversary — A Letter from CEO

ARPA Listed on Bithumb, the Largest Exchange in Korea

Korea’s largest exchange, Bithumb, listed ARPA on its main trading platform and its global site, Bithumb Global.

The listing on Bithumb Korea marks yet another milestone that ARPA has achieved in not only Korean market, but also in regulated exchanges listings. Till this date, ARPA has been listed on Korea’s regulated exchanges Coinone and Hanbitco, as well as Vietnam’s Bvnex.

Official announcement of Bithumb:

Bithumb 카페

Being Invited to Block 101 of Binance

On May 6, Felix Xu, Co-founder & CEO of ARPA, was invited to Block 101 of Binance. He had a dialog with Binance Sisi and shared his opinions on Bitcoin War Among Wall Street Talents. By the end of the live streaming, 50,000 audience have watched the program online.

ARPA was interviewed by MTN of Korea

Felix Xu, Co-founder & CEO of ARPA, was interviewed by Money Today Network (MTN), one of the three major financial television stations of Korea. The interview was played in the MTN X-File program on April, 10.

MTN is a famous financial television station in Korea, covering more than 30 million users in Korea and owning 300 thousand subscribers in YouTube.

Felix introduced the data privacy problems in financial and medical fields, the privacy protection policies launched by different countries, and ARPA’s MPC application in the preceding fields. The interview also involved how to use MPC to track patients’ traces and help control spread of COVID-19 while protecting patients’ privacy. As a leading privacy computing enterprise in the industry, ARPA makes all efforts to push landing of secure MPC applications and works with several large-sized enterprises in conceptual verification.

Click to view the ARPA interview video, starting at 4 minutes and 30 seconds：

ARPA and MXC Celebrated Anniversary Together and Offered ETF Awards of Limited Quantity for New Users

On May 14, ARPA and MXC celebrated their anniversary together and offered ETF awards up to 200 USDT, with a total amount of 40,000 USD. All the first 200 seats can get the award.

ARPA & Binance Launched an Airdrop Plan

On May 6, ARPA and Binance launched the third part of 2020 community airdrop plan.

From May 8 to May 10, for users who achieved an ARPA turnover of 300 USDT could get 240 airdrop ARPAs by filling a form. In this activity, a total of 120,000 airdrop ARPAs were provided.

ARPA Was Invited to Live Room of Yilian Financial

On May 21, Yemu，Co-founder and CGO of ARPA was invited to the live room of Yilian Financial. He reviewed the two-year journey of ARPA and shared the future direction of ARPA.

After development for two years, ARPA submitted an outstanding transcript: developed with more than 20 enterprises in China, including but not limited to the financial technology, insurance, advertising, AI, and healthcare fields. In the future, ARPA team will further develop in the privacy computing industry, and partner with leaders in the finance and marketing industries.

Yemu also showed that: Digital currency and blockchain are an important opportunity for new comers within a decade.

ARPA CEO Wrote an Article Introducing MPC

Co-founder and CEO Felix Xu of ARPA wrote an article introducing the principle and enterprise applications of MPC. This article was first published on main media platforms such as JD Chain, ChainNews, and CSDN.

ARPA Was Invited to JD Digital

On May 22, Co-founder and CEO Felix Xu of ARPA was invited to Master View of JD Digital. He introduced the current situation of the data industry, privacy computing technology, and ARPA’ and JD Digital’s attempts in the financial data field.

Felix pointed out that: Privacy computing would be first implemented in the finance industry because financial data was complete, high-valued, and highly-compliant. Risk control and blacklist sharing of financial institutions have urgent requirements for privacy computing and therefore their implementation is the fastest. In addition, products must be standardized to reduce impacts on existing IT systems of enterprises.

ARPA Was Invited to Borderless Online Summit

On May 27, Co-founder and CEO Felix Xu of ARPA was invited to Borderless Online Summit on the topic of “Has an Opportunity Come for Privacy Computing?”.

Felix shared his opinions on the current situation of the data industry, privacy computing technology, and the implementation scenarios of ARPA’s MPC. He also pointed out that, risk control and blacklist sharing of financial institutions have urgent requirements for privacy computing and therefore their implementation is the fastest.

ARPA Foundation Burnt 10mil ARPA Tokens

ARPA foundation has conducted a new round of monthly token burn. 10,000,000 ARPA tokens were burnt from its reserve. This is worth about $110,000 at the current price. The amount burnt has been sent to the black hole address shown below.

Black hole address:

0x168115cf806009f8984f47c90033e9a9705b4f65

TXID:

0x1a2297af747a14982709c0faf111ae24c51ec92a06c6a1f3e147b1fb14da20f9

Browser address:

https://cn.etherscan.com/tx/0x1a2297af747a14982709c0faf111ae24c51ec92a06c6a1f3e147b1fb14da20f9

ARPA is Listed on HBTC

On May 28, ARPA is Listed on HBTC and launched three bonus promotions. During the offer of ARPA tokens at 50% to 75% discounts, 2.2 million ARPA tokens were sold out within 36 seconds.

For more information about the promotions, click the link below:

Hold HBC & Subscribe to ARPA and Enjoy 25%-50% Discount

ARPA & HBTC Performed Online Live Streaming

On May 28, Felix Xu, Co-founder and CEO of ARPA and Global Business Vice-president of HBTC performed two online AMA live streaming programs oriented to domestic and overseas audience. The live streaming programs were talked about the first overseas project in Asia and introduced how ARPA played global traffic as a technical team.

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 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 with each other 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 proof-of-concepts and MPC products. In 2019, ARPA was named as 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 (Thai): https://t.me/Arpa_Thai

Telegram (Philippines):https://t.me/ARPA_Philippines

Telegram (Turkish): https://t.me/Arpa_Turkey

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