Wed. Jul 24th, 2024

ARPA (ARPA) Price Prediction for 2024,2025,2026,2030!

By Bullcoins.info Jun 6, 2024

About

The ARPA BLS Threshold Signature Scheme (BLS-TSS) Network is a cutting-edge decentralized cryptographic system designed to perform BLS threshold signature tasks. Randcast, our first product leveraging the ARPA Network, provides secure and reliable random number generation on multiple prevailing blockchains. Random number generation is a fundamental cryptographic primitive that plays a crucial role in various applications, including secure communications, encryption, gaming, and lotteries. By employing the principles of threshold cryptography, specifically using the Boneh–Lynn–Shacham (BLS) threshold signature scheme, the ARPA BLS-TSS Network pioneers a novel approach to produce random numbers in a distributed and tamper-resistant manner, thereby enhancing security and trust.

Creating Nodes on ARPA

The ARPA BLS-TSS Network consists of multiple groups of nodes. Within a group, each node is responsible for completing a BLS task (generating a BLS-TSS signature jointly with the other nodes of the group). In order to ensure timely and accurate responses from nodes, each node in the network needs to follow the mechanism of staking and slashing. Currently we are integrating Eigenlayer to leverage ETH restaking to further secure network security. Therefore there are two paths to enter the network, by participating native staking or becoming a whitelisted Eigenlayer operator.

Rewards for Nodes

There are up to four types of rewards a node can earn if acted responsibly in a timely manner:

  • Randomness submission reward
    • 1 ARPA each time a node successfully submits a randomness result.
  • BLS-TSS task reward
    • 1 ARPA each time a node completes a BLS-TSS task.
  • DKG post-process reward
    • 60 ARPA each time a node completes the DKG post-proccess task during node grouping.
  • Community staking delegation reward (by native staking only)
    • 5% (up to 75,000 ARPA monthly) of the total community staking reward will be evenly distributed among all the delegated nodes. (Note: this reward can only be claimed when the node exits the network)
Coin Website: arpanetwork.io
Total Supply of Tokens: 2,000,000,000 ARPA
Protocol: Ethereum

Long-term price prediction

Presented below is a price prediction that was made using available market and coin information to predict real case scenarios on the blockchain. Bullcoins.info offers informational price predictions and not financial investment advice.

YearEst. Min. PriceEst. Max. Price
20240.065$0.148$
20250.078$0.193$
20260.105$0.255$
20270.124$0.502$
20280.189$0.774$
20290.366$1.043$
20300.479$1.488$

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