Pirate Chain

Overview of Pirate Chain

  • Pirate Chain is mined into a transparent address, but from this point it can go only into a shielded address.[18] By solving Zcash’s fungibility issue through the elimination of transaction functionality to transparent addresses in its blockchain, it’s considered to be one of the most private blockchains in operation.[6][19]
  • Pirate Chain is protected from 51% attacks as the blocks are notarized onto both Komodo and Bitcoin blockchains.[14] Attempts to mount a Sybil attack against Pirate would have to overcome the combined hashrates of Bitcoin, Komodo, and Pirate[9].
  • Pirate Chain is the first cryptocurrency to implement a mandatory, private-only usage of the strongest, and most highly acclaimed privacy protocol in the industry, zk-SNARK (Zero Knowledge-Succinct Non-interactive Argument of Knowledge).
  • Pirate Chain (ARRR) uses zk-SNARK technology with requisite shielded addresses and in addition to having its own miners, it’s also backed by Bitcoin hashrate using Komodo platform Delayed Proof of Work (dPoW).
  • Pirate Chain may very well offer the world’s most secure cryptocurrency, but unless they are looking to onboard the Pirates of the Caribbean, they should seriously reconsider their branding.
  • Pirate Chain is an independent chain that is using the delayed proof-of-work (dPoW).[24] There was no ICO, IEO, presale, premine, no developers reward or fee.
  • Pirate Chain price Index provides the latest ARRR price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
  • Pirate Chain developed a possibility to send private and anonymous text messages using the memo field of the Seven Seas exclusive wallet.[23]
  • Pirate Chain has developed groundbreaking work, including an operating system (GhostShip OS, and a second iteration dubbed GalleonOS).
  • Pirate Chain (ARRR) is the #212 largest cryptocurrency by market cap as of May 04, 2021, with a market cap of $1,115,633,704 USD.

    • Blockchain

    Pirate Chain is mined into a transparent address, but from this point it can go only into a shielded address.[18] By solving Zcash’s fungibility issue through the elimination of transaction functionality to transparent addresses in its blockchain, it is considered to be one of the most private blockchains in operation.[6][19]

    Encryption

    Pirate Chain is a digital privacy currency created in August 29th 2018.The goal was simple: to create a completely anonymous cryptocurrency that is secure, untraceable and keep the identity of those who transact with it anonymous.Developers of various cryptocurrencies came together to create Pirate Chain to show the world that it’s not only possible, but also necessary.It has been proven by government agencies and chain analysts that Bitcoin, as well as all of the other “privacy” cryptocurrencies, can be traced and data can be taken from them in order to find out who uses these currencies, how much they spend and who they transact with.Pirate Chain, on the other hand, has none of these issues, as it uses military grade encryption and delayed proof of work to make it the most secure and anonymous cryptocurrency in the world!

    Mine

    Network

    Oh, and here’s the icing on the cake: No Pre-mine, no dev fees, and the main team of developers are people who truly want to not only see it succeed, but want true privacy as well like James Lee, the lead developer of Komodo; Grewalsatinder, another Komodo developer; Jane Mercer, a developer for ZCash, Duke Leto, a developer for Hush, the list goes on and on.The “moral compass”, who goes by the name “FishyGuts”, is one person anyone would want to guide and support their project.A devoted and marketing/networking guru, he has helped Pirate Chain focus on the goals at hand and gotten the project further, faster than anyone anticipated.All in all, this is the best Privacy coin to date, and would be an absolute mistake to disregard.

    Support

    We believe that anonymity is one of the key principles of the cryptocurrency industry.Therefore Pirate Chain, which supports this notion like no other, is a very welcome addition to our service.I can’t wait to work with them again in the future.

    Transactions

    While most cryptocurrency transactions are traceable on the blockchain, Pirate Chain is private by default and it utilize a variety of protocols to obscure the addresses of transacting parties.[5][6]

    Do you remember when it felt illegal to hold Bitcoin?

    Depending on where you live, it may still be.However, for most people in the world, cryptocurrencies have become widely accepted and their use is increasingly becoming more common.

    How do I buy Pirate Chain?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Pirate Chain.

    How do I mine Pirate Chain?

    Pirate Chain can be mined using specialized mining software.XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards.CCMiner is another popular mining tool for computers with NVIDIA graphics cards.In addition to having mining software, you will need a Pirate Chain and access to a mining pool that pools your effort with other miners and a wallet to store the Pirate Chain that you earn from mining.Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

    How Many Pirate Chain Coins Are There?

    There are currently 177,526,930 Pirate Chain coins circulating out of a max supply of 200,000,000.

    Need support installing your wallet?

    Try our support FAQ section for instructions on how to install our wallets or take a look at the step by step how-to videos.

    Pirate Chain (ARRR) Price Predictions: What Comes Next?

    Over the course of just a couple weeks, ARRR is seeing its price reach unprecedented heights.The crypto has risen from 8 cents to over $14 since April 5.

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    What coins are similar to Pirate Chain?

    The following coins use Pirate Chain’s Equihash algorithm and proof of work (PoW) proof-type: Zcash, Bitcoin Gold, Horizen, BitcoinZ, Alchemy Pay, Bitcoin Private, ZClassic, Zero, Hush, Bitcoin Interest, VoteCoin, V-Dimension and CrypticCoin.

    What hashing algorithm does Pirate Chain use?

    Pirate Chain is a proof of work (PoW) coin that uses the Equihash algorithm.

    What is Bitcoin?

    Bitcoin is a digital currency created in January 2009.It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified.Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

    What Is Pirate Chain Cryptocurrency (ARRR)?

    PIRATE (ARRR) is an independent blockchain built using the Komodo Platform's asset chains.Pirate aims to combine the best of Zcash (ZEC) and Monero (XMR) and is secured by Komodo’s (KMD) Delayed-Proof-of-Work (dPoW).It is a private transaction only blockchain, designed with the goal of completely anonymous transactions.Pirate is mined into a transparent address for auditing, but can only go into a shielded address from there.PIRATE claims to be feature complete for its goal: complete financial anonymity.

    What Is Pirate Chain's Price Today?

    Pirate Chain (ARRR) is trading at $6.28 USD, decreasing by -6.66% since yesterday.Pirate Chain has traded $7,071,047 USD in the last 24 hours.

    What is Pirate Chain?

    PirateChain (ARRR) is a private send cryptocurrency.PirateChain uses ZK-Snarks to shield 100% of the peer-to-peer transactions on the blockchain making for highly anonymous and private transactions.

    What is Pirate Chain?

    Because Pirate Chain transactions take place on a force-shielded blockchain (known as z-transactions), it guarantees 100% anonymity on all interactions between users.

    What is Pirate Chain?

    PirateChain (ARRR) is a 100% private send cryptocurrency.It uses a privacy protocol that cannot be compromised by other users activity on the network.Most privacy coins are riddled with holes created by optional privacy.PirateChain uses ZK-Snarks to shield 100% of the peer to peer transactions on the blockchain making for highly anonymous and private transactions.

    What is the most PRIVATE Coin?

    It’s likely, the most anonymous (private) cryptocurrency in the world is a coin you have never heard of, and well that should be a crime.Not for the reason that there is anything wrong with private coins.

    What is the Reddit page for Pirate Chain?

    The official Reddit community (subreddit) for Pirate Chain is r/piratechain.

    What is the value of Pirate Chain?

    One Pirate Chain (ARRR) is currently worth $6.34 on major cryptocurrency exchanges.You can also exchange one Pirate Chain for 0.00011618 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Pirate Chain in U.S.dollars is $1.13 billion.

    Where can I get Pirate Chain wallet?

    Pirate Chain produces its own wallet software that is available for download on its website, which allows you to store Pirate Chain on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Why are all Cryptocurrencies are not “Private”?

    For the simple fact, the ledger on which all transactions are posted too is public.At least that is how Mr.Nakamoto had originally architected it.

    Why are private coins still looked upon with great suspicion?

    To answer this question, we first need to take a closer look at the origins and beliefs around the adoption and use of encryption and privacy-enhancing technologies.

    Why look at Pirate Chain?

    Not all gems are well polished.Pirate Coin is still a young project with a small team (and isn’t without flaws).They have what looks to be good technology behind what I can only say is poor branding.Unfortunately, Pirate coins…Arrg, Private coins will likely remain in the shadows until such time as they remake their image to something more generally acceptable.

    Would you invest in Pirate Chain?

    Pirate Chain may very well offer the world’s most secure cryptocurrency, but unless they are looking to onboard the Pirates of the Caribbean, they should seriously reconsider their branding.

    History of Pirate Chain