The token ARPA Network (ARPA) is seeing massive gains this week as the crypto community awaits the launch of its first application.
The decentralized secure computation network recently announced that it will introduce a random number generator (RNG) called Randcast.
A random number generator is a mathematical construct designed to generate a random set of numbers with no distinguishable patterns.
“ARPA will introduce an RNG, Randcast, as the first application on the ARPA Network. Randcast will be a decentralized, verifiable, multi-chain supported RNG that will both demonstrate the capacities of the ARPA network and provide high-quality randomness.”
The platform says that the most common RNGs, the Pseudo RNGs (PRNGs), are not fully random, but the so-called True RNGs (TRNGs) that rely on physical processes rather than software are better at producing truly random outputs.
“Both of these models have their pros and cons. Every RNG has its quirks and traits that make it slightly different from all the others. Of course, being secure, verifiable, cost-effective, and reliable are always positive traits for an RNG to have.”
ARPA says that RNGs have crucial uses spanning different applications.
“Random number generators (RNGs) are some of the most important digital infrastructure pieces that aren’t discussed. They are used in all manner of applications, including security, GameFi, and NFT (non-fungible token) minting, among others. Having a great RNG is vital in these areas.”
Amid anticipation for the launch of Randcast, ARPA sees bullish price action this week. From closing at $0.05 on May 20th, the crypto asset is worth $0.112 at time of writing, up nearly 125%.
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Source: Daily HODL
Original Post: Crypto Project Defies Bitcoin Slump, Surges 125% This Week Amid New App Launch