What is meant by ARPA fees
The ARPA network represents a Layer-2 computational network aimed at enhancing privacy using techniques such as Multi-Party Computation (MPC) and BLS-TSS signatures.
Types of fees or charges in the network:
1. Transaction and service fees Computation Fees
ARPA currency is used as a means of payment for the following services within the network:
Cost of home calculations (computation)
Data leasing
Model usage fees
Security deposits
Governance.
2. ARPA Platform Service Fees
According to IQ.wiki, ARPA charges a portion of transaction fees as service fees, in addition to another portion related to data trading as platform usage fees. Monthly fees are also charged to participating companies.
3. Randcast – Estimation of request fees
One of the sub-products of the ARPA network is Randcast, which provides an accurate estimate of the amount of ARPA needed to cover the request fees associated with obtaining reliable random numbers (RNG). This helps developers ensure that sufficient balance is available to avoid transaction failures due to insufficient fees.
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Quick summary:
Type of fee Purpose
Transaction Fees (Computation/Data/Governance) are paid using ARPA currency within the network.
Platform Service Fees are deducted from transactions and charged monthly to enterprise users.
Randcast is a tool for estimating the amount of fees required for random number generation (RNG) requests.
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