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while reading your whitepaper I came across the concept of data renting instead of data selling. whats that, need to know more about that.
ARPA gives a data wallet that lets user monetize its data on blockchain without losing it, means they can sell it again and again to same and different parties since they cant see the original data. Data is stored secrtly on different trust less nodes, anyone want to analyze that data using MPC will have to pay you to access that data. Wow thats something I have never heard. So If we give someone our data he can do some specific operations on that data but cant cant see the original contents. So we own our data and can monetize it ourselves. Wts the way to buy the data? ARPA coin is native token of ARPA eco-system. Anyone can do data renting using ARPA conin, our coin is already on many exchanges. More about arpa coin here. |
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while reading your whitepaper I came across the concept of data renting instead of data selling. whats that, need to know more about that.
ARPA gives a data wallet that lets user monetize its data on blockchain without losing it, means they can sell it again and again to same and different parties since they cant see the original data. Data is stored secrtly on different trust less nodes, anyone want to analyze that data using MPC will have to pay you to access that data. |
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anything for miners? can you mine this coins? any info about mining pool. which consensus algorithm you are following?
We are following Proof of stake consensus algorithm to make this coin energy efficient, you can stake coins at Binance. and what about your wallet? you have your own wallet. ARPA is ERC20 cmpatible. To earn reward you can leave it in binancefor instance. If you store it in your own wallet there will be no reward. We recommend Trust Wallet/Ledger nano. how would you manage lightning speed to your network ? because complex smart contract like this require high processing which will bring the speed down. are you doing compromise on your speed by bringing privacy (encryption or other techniques via your smart contract)? You can find answer of this question in following video.  |
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anything for miners? can you mine this coins? any info about mining pool. which consensus algorithm you are following?
We are following Proof of stake consensus algorithm to make this coin energy efficient, you can stake coins at Binance. and what about your wallet? you have your own wallet. ARPA is ERC20 cmpatible. To earn reward you can leave it in binancefor instance. If you store it in your own wallet there will be no reward. We recommend Trust Wallet/Ledger nano. |
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anything for miners? can you mine this coins? any info about mining pool. which consensus algorithm you are following?
We are following Proof of stake consensus algorithm to make this coin energy efficient, you can stake coins at Binance. |
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"ARPA is the only startup to receive such honor on national level, recognized by state government. This marks the recognition of the privacy-preserving computation and ARPA’s vision on the state level. This also makes possible the future collaboration with China Software Industry Association for the adoption of blockchain and privacy-preserving technology.
Felix Xu and Yemu Xu, co-founders of ARPA, were invited to the forum in the Great Hall of the People as two of the most highly-selected entrepreneurs in Blockchain sector. Felix Xu participated in “Digital Economy Evolution for Traditional Industries” session as a panelist."
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What you will do with unused token, is there any token burning sort of thing?
For Token Burn please follow this link |
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The way corona virus has put us in quarantine position for months (though new cases are going down and people are recovering) , work from home culture is increasing in many countries like Japan, Korea , Italy. In that scenario I guess such platforms fits very well. Where you need to share data with privacy among other party.
I think that will be an excellent use-case, even in single office you don't want your data to be seen and analyzed by different parties. Any solution that do so fit very well in that scenario. The biggest inspiration for starting ARPA is that there is no ready solution in blockchain that provides privacy for exchanging data. Like there is amazon for Goods but nothing like that for data. There will be many more use-case emerge with time. is this solution intrinsic to ARPA or it can be adopted by other blockchain as well? The ARPA smart contract is compatible with other blockchains also, which means other blockchains that are looking for such privacy solution can use this. You can see ARPA as AWS of data, we dont see any of your data but we can transfer it privately. |
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The way corona virus has put us in quarantine position for months (though new cases are going down and people are recovering) , work from home culture is increasing in many countries like Japan, Korea , Italy. In that scenario I guess such platforms fits very well. Where you need to share data with privacy among other party.
I think that will be an excellent use-case, even in single office you don't want your data to be seen and analyzed by different parties. Any solution that do so fit very well in that scenario. The biggest inspiration for starting ARPA is that there is no ready solution in blockchain that provides privacy for exchanging data. Like there is amazon for Goods but nothing like that for data. There will be many more use-case emerge with time. |
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Yes I know that statement that started biggest bull run of 2019. But he referring to blockchain not crypto. So my point of concern still holds true.
Well where there is blockchain there is crypto and the Chinese government is full aware of this and is fully supporting regulated cryptocurrency projects. Unregulated cryptos are not welcomed by majority of countries. |
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I saw its a Chinese project. Government policies in China are not in favor of blockchain technology, this may bring harm to such projects in the long run.
Chinese government is in favour of blockchain technology more then any other government. Last years President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain. ARPA project is working with many government agencies, big Chinese private companies and overseas. In future, China will be hub of blockchain backed projects. |
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On one you claim that ARPA will share data b/w different parties and on other side you saying parties can still maintain privacy also? Dont you think they both are contradicting each other?
No they are not. ARPA enables bank to join the compute for risk metrics for borrowers without disclosing borrowers account info to any other party. Traditionally that was not possible but ARPA made it a reality, thanks to MPC. So now banks have better picture of borrowers and no bank is shy in disclosing borrowers info to the pool. Theoretically that looks fine but do you have any proof of this use case? that how banks are doing this? Yes we have a demo for this available here ARPA MPC Demo (English Version) (2:52 - 5:17). Here you can see how three banks share authentic data without disclosing there original data. A win-win sitation for all parties. |
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On one you claim that ARPA will share data b/w different parties and on other side you saying parties can still maintain privacy also? Dont you think they both are contradicting each other?
No they are not. ARPA enables bank to join the compute for risk metrics for borrowers without disclosing borrowers account info to any other party. Traditionally that was not possible but ARPA made it a reality, thanks to MPC. So now banks have better picture of borrowers and no bank is shy in disclosing borrowers info to the pool. |
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any airdrop or bounty program you have to attract more people towards your project. here mostly people come to hunt bounties, your coin has value so many will participate in your bounty program.
Thank you for the valuable suggestion. we are here to target 2.5 million crypto community. those who understand crypto will definalty come and join our ecosystem. right now we don't have any bounty or airdrop in the pipeline, is we have we will definitely post here. |
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are you following timelines mentioned in your roadmaps or they are just a table? I am asking since the roadmap has very congested Quarters. Are you able to meet goals in every quarter?
So far we have achieved everything on time. Our Mainnet is live since Dec 2019, we launched testnet on time. Our coin is already on exchange and trading. We are on security enhancement phase of our project. |
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What reward you give to miners who manages your blockchain?
We have a different mechanism as compared to PoS/PoW. 3x Parties are rewarded with total 15 arpa token for every task they perform per 5 minute. More about this here https://explorer.arpachain.io/ |
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What's your strategy of Digital Advertising, as mentioned in your use cases?
This is one of the most interesting use case we have. We will build a community of advertisers and consumers, based on user preference ads will be shown. This will defiantly result in better lead generation and all this will happen without any middlemen. |
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It's fairly cheap at the moment, 0.011797$.
I will keep it in my portfolio. Hope I will get a good surprise in the long run. Wish me luck.
We welcome you on board. Those who foresee the future are embracing the ARPA solution with open arms. Today ARPA coin is very cheap but it won't remain cheap forever. Remember todays 9k$ bitcoin was once 0$. |
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