Exchange Pirate Chain (ARRR) at the Best Rates

Pirate Chain: A 100% Private Cryptocurrency

There are not so many private coins in the world of crypto. The most common and popular ones are probably Monero and ZCash. But there’s another project that also guarantees you 100% privacy of transactions, and that’s Pirate Chain.

Pirate Chain (ARRR) 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. Pirate Chain uses zk-SNARKs (Succinct Non-interactive Arguments of Knowledge) to shield 100% of the peer-to-peer transactions on the blockchain making for highly anonymous and private transactions. Pirate Chain combines Monero and ZCash strengths and builds on them, putting shielded zk- proof transactions mandatory at the core of the network. Main net launch of Pirate Chain was on August 29, 2018 as it was created in a Discord conversation as a theoretical chain concept. Pirate Chain’s native currency ARRR is 100% fungible and functions as a digital cash. There are currently 194,089,820 Pirate Chain coins circulating out of a max supply of 200,000,000.

Pirate Chain: Features

The network offers its users a number of features:

1. Independent technology. Independent blockchain that is secured by Delayed Proof-of-Work (dPoW) against 51% attacks.
2. Ready to use. The basis of the blockchain has been laid, and the network provides a full set of privacy advantages.
3. Private transactions. No public sends make Pirate Chain the largest shielded funds pool of any project using ZK-snarks.
4. Total anonymity. Pirate Chain supports the TOR network.
5. Future proof. Sapling upgrade implemented and opens the path to lite wallets, mobile wallets, and Point of Sale functionality.
6. E-commerce enabled. The network offers its users a variety of tools for integration for online stores.
7. Merged with an ecosystem. Pirate Chain is an asset chain of the Komodo platform ecosystem.
8. 4 wallets are available: Pirate Wallet Lite, Mobile Wallet, Treasure Chest, and Paper Wallet.
9. Wrapped Pirate Chain. In addition to using the world’s most private cryptocurrency, the wrapped version of ARRR offers additional benefits in terms of availability and access. Wrapped Pirate Chain is a wrapped version found on Binance Smart Chain. It offers a way for DeFi users to anonymize their funds by swapping into Wrapped ARRR and then converting to ARRR using the provided bridge.

Privacy and Anonymity on Pirate Chain

One of the key features of Pirate Chain is its complete privacy. The network was created to protect the privacy of its users by requiring P2P transactions be shielded by default. To an outside observer, not only are the important details of the transaction encrypted (viewable only by the sender and receiver), but all transactions appear identical. Being 100% fungible means each ARRR in an address is identical to every other ARRR on the network, which is what the whole network benefits from.

All ARRR addresses are by default shielded z-addresses only, as are all transactions are by default z-transactions only. This means that balances of every address are not visible to anyone else besides the user. The transactions also cannot be tracked as there is no trace of the transaction beyond the user’s wallet. Complete privacy down to the user’s IP address is further protected with embedded TOR network compatibility.

The anonymity set, therefore, grows with every unspent transaction on the ledger. Because of increased regulation and clarity of transaction history through advanced chain analysis, if a transaction has a history that includes an address that is blacklisted or has been linked to nefarious acts or identities, that balance may be rejected or have a decreased value. A user may unknowingly receive a payment that includes such history and be stuck with valueless, non-fungible coins. Pirate Chain solves this problem by removing all transaction history from every Peer-to-Peer transaction, any transaction made on the network is identical to the outside viewer. Every unspent transaction of the Pirate Chain network effectively increases its anonymity set, making all other transactions more private. Pirate Chain has therefore one of the highest anon-sets for a privacy based cryptocurrency.

Delayed Proof-of-Work (dPOW) 

Delayed Proof-of-Work is a native feature of the Komodo platform that provides a unique and innovative form of security which is as strong as the network it attaches to, yet does not require the cost to run that network. Delayed Proof-of-Work is a solution that utilizes multiple existing methods into a single hybrid consensus system that is as energy efficient as Proof-of-Stake (PoS), while being secured by Litecoin’s Proof-of-Work. 

Users who build independent blockchains (asset chains) in the Komodo ecosystem can choose to have a block-hash serving as a ‘snapshot’ of their own blockchain inserted into the Komodo main chain. In this manner, the records of the asset chain are indirectly included in the block-hash of Komodo that is pushed onto the blockchain of Litecoin. To 51% attack the Pirate Chain, an attacker would need to simultaneously control the hashpower of Pirate Chain, Komodo, and Litecoin. The dPoW notarization service allows blockchains to benefit from Litecoin's hash rate and this in turn makes Litecoin's power usage more eco-friendly as it is securing the entire ecosystem of dPoW in addition to itself. Other than Pirate Chain, dPoW has been successfully implemented in a large number of asset chains such as Game Credits, Einsteinium, and Pungo.

Pirate Chain News

Among other important upgrades to the network, the roadmap for 2022 includes:

1. Atomic DEX integration (Atomic Swaps).
2. New exchange listings.
3. Possible upgrade to HALO 2.
4. 3rd party wallet integrations (i.e. Edge Wallet).
5. More code audits.
6. Official website rebrand.
7. Onboard more stores to ARRRmada.
8. More partnerships with privacy oriented organizations.
9. Release iOS Wallet on AppStore.

Pirate Pay Project

PiratePay is a fully decentralized, open-source payment gateway that allows Pirate Chain users to accept Pirate Chain ($ARRR) on their websites and stores. PiratePay removes the need for a middleman and is built with the utmost level of privacy and security in mind.

The PiratePay app is designed to be more intuitive and more secure than using traditional RPC Servers to communicate with multiple stores. The $ARRR wallet is put behind a feature rich RESTful API that offers price conversions, transaction records, increased security features such as Oauth2 authentication, as well as a graphical dashboard. Additionally, a built-in job queue manager will monitor a user’s wallet transactions and communicate with the store’s API to update the status of order payments.

How Much Is Pirate Chain Coin?

At the moment ARRR costs around $ 0.3327 and ranks #265 on CoinMarketCap. It reached an all-time high in 2021, when its price skyrocketed to $16.90. Pirate Chain price has been experiencing ups and downs, however, it has a solid market cap of $79,518,129. Token currently trades on KuCoin, CoinEX, PancakeSwap, and many other exchanges.

Pirate Chain price predictions vary. PricePrediction experts believe that by 2031, ARRR price will go close to the all-time high it reached in 2021 and fluctuate around $12-14. TechNewsLeader is way more optimistic about the future of ARRR coin: the website states that in 2031, its price will go beyond $32.27. It’s still unclear which projects are going to be worthy of investments during the current market recession. However, as the regulations in many countries and tightening and privacy coins are becoming a target, there’s a possibility that very soon, cryptocurrencies like Pirate Chain (ARRR) are going to be in demand.

Where to Buy ARRR Coin?

StealthEX is here to help you buy rarer tokens, such as Pirate Chain crypto. If you’d like to make an investment in one of these rare cryptocurrencies, you can do this privately and without the need to sign up for the service. Our crypto collection has more than 600 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy Pirate Chain Crypto?

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange. For instance, BTC to ARRR.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.