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Israeli New Shekel (ILS) to ARPA Chain (ARPA) Instantly

Purchase ARPA Chain (ARPA) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.

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About
ARPA Chain (ARPA)

ARPA Chain (ARPA) is a decentralized network engineered to enhance data privacy and security within blockchain technology. It addresses the critical challenge of processing sensitive data on-chain without exposing the underlying information. By leveraging cutting-edge cryptographic techniques, specifically Multi-Party Computation (MPC), ARPA enables collaborative data analysis and private smart contracts. This allows multiple entities to jointly compute a function over their inputs while keeping those inputs private, a significant advancement for data utility in a trustless environment. The network's architecture is built for scalability and security, providing a foundational layer for privacy-preserving applications across various sectors.

The core utility of the native ARPA token is multi-faceted within its ecosystem. It functions as a utility token to pay for computation and storage costs, ensuring the network's operational integrity. Additionally, ARPA is used for staking by nodes to guarantee computational correctness and cryptographic security, with stakers earning rewards. The project also features a verifiable randomness generator, Randcast, which leverages its threshold BLS signature schemes. This positions ARPA Chain not just as a privacy solution but as a key piece of Web3 infrastructure, enabling complex use cases like secure data sharing for financial institutions, privacy-focused DeFi applications, and verifiable on-chain lotteries without compromising user data.

ARPA Chain (ARPA)

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How to Buy ARPA Chain (ARPA)

  1. Select currency menu

    Choose ILS to ARPA Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your ARPA Chain Wallet Address

    Provide your ARPA wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your ARPA Chain

    Complete the payment, and your ARPA will be sent to your wallet.

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Frequently Asked Questions

  • What is the ILS/ARPA trading pair and how does it function on a cryptocurrency exchange?

    The ILS/ARPA pair represents the direct exchange rate between the Israeli Shekel (ILS) and the ARPA Chain token (ARPA). It allows users to perform a digital asset purchase of ARPA using fiat currency. On an exchange, this functions as a fiat on-ramp, where you can place an order to buy ARPA, a token for a decentralized secure computation network, directly with ILS, subject to the pair's liquidity and order book depth.

  • What are common payment methods for buying ARPA with ILS, and what are the KYC requirements?

    To purchase ARPA with ILS, you'll likely use a regulated Israeli exchange that acts as an ILS fiat gateway. Common payment methods include Israeli bank transfers, credit cards, or debit cards. Due to strict KYC/AML compliance, you will need to verify your identity. This typically involves submitting a government-issued ID (like a Teudat Zehut), proof of address, and sometimes a selfie for verification to enable secure trading.

  • After buying ARPA with ILS, what is the best way to store my tokens securely?

    For optimal security after your fiat on-ramp transaction, move your ARPA tokens from the exchange to a personal digital wallet. The most secure option is a hardware wallet (cold storage), which keeps your private keys offline. Alternatively, a well-regarded non-custodial software wallet (hot wallet) also gives you control over your keys. Leaving tokens on an exchange exposes them to platform-specific risks, whereas a personal wallet gives you sole custody of your digital assets.

  • What is the primary utility of the ARPA token that I'm buying with Israeli Shekel?

    The ARPA token is essential for the ARPA Chain's privacy-preserving computation network. Its primary utility is to pay for computation tasks and data usage within the network, which is built on Secure Multi-Party Computation (MPC) technology. Additionally, staking ARPA is required for nodes to secure the network and participate in governance, providing an incentive for token holders to contribute to the ecosystem's security and verifiable computation capabilities.

  • How does ARPA's Secure Multi-Party Computation (MPC) enhance blockchain applications?

    ARPA's Secure Multi-Party Computation (MPC) allows multiple entities to jointly compute a function over their private inputs without revealing those inputs to each other. For blockchain, this enables privacy-preserving smart contracts. It's crucial for applications like secure data sharing, private auctions, and decentralized finance (DeFi) where data confidentiality is paramount, thereby expanding the scope of what can be built on a public ledger.

  • Are there any specific network features like ARPA Randcast I should be aware of?

    Yes, ARPA Randcast is a key feature of the network. It is a verifiable and decentralized Random Number Generator (RNG) built using Threshold BLS Signature Schemes (TSS-BLS). This provides provably fair and tamper-proof randomness, which is critical for applications like gaming, lotteries, and cryptographic key generation on the blockchain. Understanding this feature highlights the advanced cryptographic utility you are investing in beyond simple token trading.

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