ARPA Chain Makes Waves in the Crypto Market with TestNet Release

The cryptocurrency market continues to evolve with a total of 24,802 cryptos and 628 exchanges, boasting a market cap of $1,101,717,107,128. Among the trending cryptocurrencies on CoinMarketCap, ARPA Chain (ARPA) stands out, ranking at #177 and featuring on 43,818 watchlists.

ARPA Chain, a decentralized secure computation network, is designed to improve the fairness, security, and privacy of blockchains. It serves as the infrastructure for a verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains.

Recently, ARPA Chain announced a significant milestone – the release of its Network TestNet. This development comes after months of hard work and dedication from the ARPA team. The TestNet release has been met with enthusiasm from the community, marking a significant step forward for the project.

Testnet and price effect

ARPA Network is making a significant stride with the successful launch of TestNet, allowing early developers to easily build DApp prototypes that leverage the power of the ARPA-BLS network via the API provided.

ARPA Network is designed to serve as a blockchain-agnostic infrastructure that generates on-chain BLS threshold signatures for a variety of use cases, such as verifiable Random Number Generator (RNG), secure wallet, decentralized asset custody, cross-chain bridge, and more. ARPA TestNet Development Updates highlights the recent enhancements in testing and deployment strategies since their previous DevNet release, including improvements in unit, integration, regression, and fault tolerance tests. Deployment and testing automation is also discussed.

The team used Anvil, CI/CD, Robot Framework integration, real-world emulation, performance benchmarking, and bug bounty to refine the TestNet and incorporate feedback from the community. They also implemented a continuous integration and deployment pipeline to automate code changes. ARPA Network is a decentralized secure computation network built to improve the fairness, security, and privacy of blockchains.

It 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. Randcast, a verifiable Random Number Generator (RNG), is the first application that leverages ARPA as infrastructure. For more information about ARPA or to join their team, contact contact@arpanetwork.io.

The ARPA price today is $0.105609 USD, with a 24-hour trading volume of $588,391,953 USD. This represents a 9.30% price increase in the last 24 hours and a 119.77% price increase in the past 7 days. The current CoinMarketCap ranking is #177, with a live market cap of $131,260,556 USD. It has a circulating supply of 1,242,888,889 ARPA coins and a max. supply of 2,000,000,000 ARPA coins.

The ARPA community is bullish about the project’s future, with some members expressing their optimism about a potential bullish trend following the TestNet release. The team is eager to continue pushing the boundaries of privacy-preserving computation and is looking forward to the next phase of development.

For more information about ARPA Chain and its recent developments, visit their official website and community pages.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Rene Peters

Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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