ARPA Network, a permissionless, decentralized, secure computation network, is publicly launching MainNet, pioneering applications of Threshold Signature Scheme (TSS) technology, and taking a leading role in the industry.
The ARPA Boneh–Lynn–Shacham Threshold Signature Scheme (BLS-TSS) Network is a decentralized cryptographic system designed to provide secure and reliable random number generation on the Ethereum blockchain.
By applying threshold cryptography, particularly the BLS threshold signature scheme, ARPA BLS-TSS Network brings a new approach to creating random numbers in a decentralized and tamper-resistant way, enhancing security and trust within the system.
The newly launched MainNet offers a foundational infrastructure for various blockchain applications, including verifiable random beacons, secure (keyless) wallets, cross-chain bridges, and decentralized custody solutions.
With this launch, ARPA Network further empowers developers to build innovative decentralized applications (dApps), contributing to the blockchain ecosystem's dynamic expansion, according to the company.
"Driven by the goal to revolutionize cryptographic systems as a TSS leader, we'll continue to strive to unlock the full potential of blockchains, fostering versatility, reliability, and seamless interconnectivity in the future Web3.0 world," said Felix Xu, CEO and co-founder of ARPA: "To manifest such a grand vision, we should embark on a journey of practical steps."
The journey to the MainNet launch of the ARPA Network has been motivated by an unwavering commitment to building a fair, secure, and privacy-preserving blockchain ecosystem.
In addition to the community pool staking program, ARPA has several initiatives lined up in the near future for ecosystem expansion. These include bug bounties, node collaborations, and the alpha launch of ARPA's first showcase Randcast—a verifiable Random Number Generator (RNG). Randcast aims to inspire more developers to unlock more possibilities of the TSS-BLS network.
For more information about this news, visit www.arpanetwork.io.