On August 29, 2018, several developers from the Komodo community launched an independent asset chain with the technology offered by the Komodo Platform. Pirate Chain uses Komodo’s deferred proof of work (dPoW), ZCash’s zero-knowledge transactions (zk-SNARKs), and Monero’s forced private transactions to rule.
While many other “private” coins have additional privacy features, Pirate (ARRR) claims to be a 100% private cryptocurrency to send, and the first blockchain to support “only z transactions.” ZK-Snarks (Zero-Knowledge Cryptography) technology is used to secure peer-to-peer transactions.
The coin has recently made it to the third hundred in terms of capitalization, and the team claims to have created “the largest secure private pool of funds of any privacy coin.” And this seems to be true, as Pirate Chain (ARRR) ranks first in the daily trading volume on the TradeOgre crypto exchange, which specializes in exchanging privacy coins with BTC and ETH.
Pirate is protected from 51% attacks with Komodo’s dPoW, which means that its blocks are notarized on both Komodo and Bitcoin blockchain. Attempts to stage a Sybil against Pirate attack will have to overcome the combined hash rates of the Bitcoin, Komodo, and Pirate Chain networks. The astronomical cost of such an attack will scare off attackers.
“This makes protection against double-spending and hostile takeovers almost impossible, if not impossible,” the developers say.
It is reported that Pirate started with a fair launch – no ICO, no pre-mine, and 0 developer fees.
Key features
Pirate Chain is rich in security and privacy features made possible by the following factors.
- Independent technology. Independent blockchain protected by delayed proof of work (dPoW) from 51% of attacks
- Completely ready to use. The basics are complete. The main network was launched on August 29, 2018.
- Confidential transactions. Only private send transactions are supported. The lack of public mailings makes it the largest pool of secure funds among all projects using ZK-snark.
- Complete anonymity. The TOR network is supported by the Pirate Chain.
- Backlog for the future. Sapling has been updated to open the door to lightweight wallets, mobile wallets, and point of sale (POS) functionality.
- Ecommerce is included. The developers have created various tools to integrate into your online store.
Pirate OS
The easy-to-use, secure open-source operating system Pirate Pirate OS offers an extra layer of privacy for ARRR wallets. Pirate OS runs from a USB stick as an additional layer of security. This is to protect your wallet from the prying eyes of your commercial operating system.
Pirate OS protects users with VPN and Tor by default, providing maximum security, especially when using crypto-wallets. PirateOS boasts proactive protections such as MAC address spoofing that increase anonymity on local networks. To complete the security package, the PirateOS developers will enable disk encryption.
Pirate OS properties
- Rightfulness. An extra layer of privacy to protect transactions from your operating system
- Anonymity. The PirateOS operating system can become completely anonymous if you combine it with a VPN service.
- Safety. The operating system is devoid of tracking functions and provides the highest security to protect your wallet and funds. User safety is a priority for all technologies using ARRR cryptocurrency.
- Ease of use. PirateOS is easy to download and install, and writes to a USB stick. Use the new OS to run the wallet.
- Created for users. The developers report that they aimed to make downloading, installing, and using the OS as easy as possible. Send us your feedback.
Features of Pirate Chain (ARRR)
Pirate Chain (ARRR) is marketed by developers as “a true anonymous coin that takes your financial privacy seriously” on the blockchain, which combines the best practices of Komodo, ZCash and Monero.
“Pirate Chain (ARRR) is a 100% privacy cryptocurrency. It uses a privacy protocol that cannot be violated by other users on the network. Most privacy coins are riddled with holes created by optional privacy. Pirate Chain uses ZK-Snarks to secure 100% of peer-to-peer transactions on the blockchain, ensuring high anonymity and private transactions, ”reads the coin’s description.
