Pirate Chain

Pirate Chain

ARRR
$0.235378683%4.41

Key Metrics

Price$0.235378683
Real Volume (24H)$78,665.17
Marketcap$46,184,545.4
Fully Diluted ValuationN/A
ATH$16.76
ATH Date4/23/2021, 9:13:27 PM
ATL$0.00797788
ATL Date11/26/2020, 5:10:52 AM
Circulating Supply195M
Total Supply200M
Popularity Rank725
Chart
What is Pirate Chain?

Pirate Chain is a decentralized cryptocurrency that was created by a group of developers from the Komodo community. Launched on August 29, 2018, it combines the technology offered by the Komodo Platform, ZCash, and Monero to provide a truly private and secure digital currency experience.

One of the key features of Pirate Chain is its use of Delayed Proof of Work (dPoW) from Komodo. This feature not only helps to protect the network from 51% attacks, but it also ensures that Pirate Chain's blocks are notarized onto both the Komodo and Bitcoin blockchains. This makes it extremely difficult for malicious actors to mount a Sybil attack against Pirate Chain, as they would have to overcome the combined hashrates of Bitcoin, Komodo, and Pirate Chain - an astronomical cost that is likely to deter any would-be attackers.

Another important aspect of Pirate Chain is its use of zero-knowledge proof (zk-SNARKs) transactions from ZCash. This technology, known as zero-knowledge cryptography, allows for peer-to-peer transactions to be shielded, providing a high level of privacy and security. In fact, the Pirate Chain team claims that this has created the largest shielded private pool of funds of any privacy coin.

Pirate Chain also enforces private-only transactions through its use of Monero's rule, which means that all transactions on the network are private by default. This is a stark contrast to many other "privacy" coins which offer optional privacy features. Pirate Chain is a 100% private send cryptocurrency, and the first 'z transaction-only' chain.

It is also worth noting that Pirate Chain was launched with a fair launch - no ICO, premine, and 0 dev fees. This means that the development team did not receive any financial compensation for their work, and that the initial distribution of coins was done in a fair and transparent manner.

In conclusion, Pirate Chain is a truly unique cryptocurrency that offers a high level of privacy and security through its use of cutting-edge technology. Its use of dPoW, zk-SNARKs, and Monero's rule ensures that it is well-protected against malicious actors and offers a truly private digital currency experience. With a fair launch and no ICO, premine, or dev fees, Pirate Chain is a truly decentralized and community-driven project.

Pirate Chain's unique combination of technologies makes it one of the most secure and private digital currencies on the market. Its use of Delayed Proof of Work (dPoW) from Komodo provides an additional layer of security by notarizing blocks onto both the Komodo and Bitcoin blockchains. This makes it extremely difficult for malicious actors to mount a successful attack against the network.

Furthermore, Pirate Chain's use of ZCash's zero-knowledge proof (zk-SNARKs) transactions allows for peer-to-peer transactions to be shielded, providing a high level of privacy for users. This technology, known as zero-knowledge cryptography, ensures that transactions on the network cannot be traced or linked to a specific individual.

The Pirate Chain team also claims that this has created the largest shielded private pool of funds of any privacy coin, which is a significant advantage over other privacy-focused digital currencies.

Another important aspect of Pirate Chain is its use of Monero's rule, which enforces private-only transactions on the network. This means that all transactions are private by default, providing an added layer of security and anonymity for users.

Pirate Chain's fair launch, with no ICO, premine, or dev fees, also helps to ensure that the project is truly decentralized and community-driven. This means that the development team did not receive any financial compensation for their work, and the initial distribution of coins was done in a fair and transparent manner.

In addition, Pirate Chain has a dedicated and active community that continuously contributes to the development and adoption of the project. There are also several partnerships and collaborations with other projects in the crypto space that help to increase the visibility and awareness of Pirate Chain.

Overall, Pirate Chain is a truly unique digital currency that offers a high level of privacy and security through its use of cutting-edge technology. Its combination of dPoW, zk-SNARKs, and Monero's rule makes it one of the most secure and private digital currencies on the market. With a fair launch and active community, Pirate Chain is a truly decentralized and community-driven project that aims to provide a truly private digital currency experience.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.

Try for Free

Top Assets

AssetPrice24HMcap
Loading...

We use cookies for personalization, social media, and analytics, and share usage data with partners.