Pirate Chain (ARRR) Price

As its developers say, Pirate Chain (ARRR) offers the most anonymity and privacy among all cryptocurrencies. It is based on a privacy-centric blockchain forked from ZCash, the Komodo platform's asset chain.

All of ZCash's privacy features have been preserved in Komodo, so it is logical for Pirate Chain to take advantage of them. But the creators of Pirate Chain have expanded upon these characteristics to guarantee even greater anonymity. Let us quickly go over the features and benefits that Pirate Chain provides.

Pirate Team

The Komodo team of developers created Pirate Chain.

Pirate Features and Updates

Zero-knowledge proof (zk-SNARKS)

A zero-knowledge approach to building cryptographic proofs is zk-SNARKS (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge). A verifier using zero-knowledge proofs does not need to know the specifics of a statement being verified to verify its validity.

Delayed Proof-of-Work

Based on the Proof-of-Work consensus algorithm, Delayed Proof-of-Work (dPow) provides an additional layer of protection. The Pirate Chain regularly generates block hashes, which can be thought of as snapshots. The notarization procedure involves nodes in the Komodo and Litecoin networks inserting the group-signed snapshots onto the main Komodo and Litecoin chains. To make even minor changes to a block's contents on Pirate Chain would necessitate rearranging blocks on both Litecoin and Komodo, which would demand a tremendous amount of computational resources.

Tor support

Developers of Pirate Chain implemented Tor support for users who wish to conceal not only their blockchain addresses but also their IP addresses. This is a tried method for those concerned with maintaining their anonymity online.

Forced shielding

Having the user select whether or not to remain anonymous is a major flaw in most anonymous networks. Because of this, tokens on these networks can never be completely interchangeable, as some of their transactions can be tracked, and their 'baggage' can be seen. Pirate Chain sidesteps this problem by mandating full transaction anonymity.