TL;DR: ARPA Network launches its MainNet, introducing a decentralized cryptographic system for secure random number generation on Ethereum. This milestone empowers developers to build innovative decentralized applications while enhancing security and trust within the blockchain ecosystem.
ARPA Network Launches MainNet
ARPA Network has announced the public launch of its MainNet, marking a significant milestone for the permissionless, decentralized, secure computation network. The network is focused on pioneering the use of Threshold Signature Scheme (TSS) technology and aims to play a leading role in the industry.
The ARPA BLS-TSS Network is a decentralized cryptographic system designed to provide secure and reliable random number generation on the Ethereum blockchain. By utilizing threshold cryptography and the BLS threshold signature scheme, the network enhances security and trust within the system.
The newly launched MainNet provides a foundational infrastructure for various blockchain applications, including verifiable random beacons, secure wallets, cross-chain bridges, and decentralized custody solutions.
This launch empowers developers to build innovative decentralized applications (dApps) and contributes to the expansion of the blockchain ecosystem.
CEO and Co-founder of ARPA, Felix Xu, expresses the company’s commitment to revolutionizing cryptographic systems and unlocking the full potential of blockchains in the future Web3.0 world.
The journey to the MainNet launch has been driven by ARPA Network’s dedication to building a fair, secure, and privacy-preserving blockchain ecosystem. Starting from the Multi-Party Computation (MPC) MainNet era, the network has transitioned to the more advanced BLS-TSS network, showcasing their progressive strides in utilizing advanced cryptographic solutions.
ARPA Network has plans for ecosystem expansion, including bug bounties, node collaborations, and the alpha launch of Randcast, a verifiable Random Number Generator (RNG). Randcast aims to inspire developers to explore the possibilities of the TSS-BLS network.
Additionally, ARPA Network intends to actively pursue integration with other EVM-compatible chains, such as BNB Chain, and explore the potential of layer-2 chains to facilitate seamless interaction and interoperability among different public chain ecosystems, contributing to the realization of Web3.0.