Pirate Chain ARRR Price

What is Pirate Chain (ARRR)?

Pirate Chain (ARRR), launched on August 29, 2018, stands as a notable figure in the realm of privacy-centric cryptocurrencies. Conceived by developers from the Komodo community, this independent blockchain marries the strengths of Zcash (ZEC) and Monero (XMR), focusing on uncompromising transaction privacy. Unlike many cryptocurrencies with optional privacy features, Pirate Chain asserts its uniqueness by ensuring 100% shielded peer-to-peer transactions. This is achieved through the implementation of zk-SNARKs (zero-knowledge cryptography), creating a highly anonymous and private transaction environment. The significant aspect of Pirate Chain is its 'z transaction-only' approach, which contributes to creating one of the largest shielded private pools of funds among privacy coins.

Pirate Chain’s security framework is robust, integrating Komodo’s Delayed-Proof-of-Work (dPoW) protocol. This method not only fortifies the blockchain against 51% attacks but also notarizes its transactions onto both Komodo and Bitcoin blockchains. By leveraging the combined hashrates of Bitcoin, Komodo, and Pirate, it presents a formidable barrier against potential Sybil attacks, ensuring unparalleled security for its users. Pirate Chain’s inception was marked by a fair launch, free from initial coin offerings (ICOs), premines, or development fees, emphasizing its commitment to equitable and transparent growth.

In addition to its technical prowess, Pirate Chain places a strong emphasis on user privacy and financial freedom. PirateOS, an innovative series of operating systems, has been developed to enhance transaction security and privacy. This unique OS, which can be run from a USB drive, incorporates features like MAC address spoofing and TOR integration, thereby safeguarding user wallets and ensuring near-untraceable transactions. The blockchain is maintained through mining, which adds layers of security by increasing the difficulty of altering the blockchain. Pirate Chain is primarily funded through Komodo Notary Nodes contributions and community donations, which fuel its continuous development and community-driven initiatives, underlining its commitment to privacy, security, and decentralization.

What is unique about Pirate Chain (ARRR)?

Pirate Chain (ARRR) is unique for its 100% shielded peer-to-peer transactions and use of zk-SNARKs for complete transaction privacy.

Who are the founders of Pirate Chain (ARRR)?

Pirate Chain was initiated by members of the Komodo community, with a significant contribution from an individual named Grewalsatinder​​.

Who are the backers/investors of Pirate Chain (ARRR)?

Pirate Chain is primarily supported by the Komodo Notary Nodes and community donations.

What is the consensus mechanism of Pirate Chain (ARRR)?

Pirate Chain uses the Delayed-Proof-of-Work (dPoW) consensus mechanism, integrating with Komodo and Bitcoin blockchains for enhanced security.

Where can I buy Pirate Chain (ARRR)?

You can buy Pirate Chain (ARRR) on MEXC, Gate.io, Nonkyc.io, CoinExFMFW.io cryptocurrency exchanges.