Swap Tracker
We use cookies to make our site work. By clicking "Accept", you agree to our website’s cookies use as described in our Privacy & Cookie Policy.
June Katz 20 Sep 2021 ◦ 5 min read

What is Pirate Chain (ARRR)? How to Buy Pirate Chain?

What is Pirate Chain (ARRR)? How to Buy Pirate Chain?

Pirate Chain (ARRR) is the most anonymous and private cryptocurrency, as its developers claim. It’s based on an asset chain on the Komodo platform, which is a fork of ZCash — a privacy-focused chain. Pirate Chain was launched by a group of developers from the Komodo network.

Komodo has kept all the privacy features of ZCash, so it makes sense for Pirate Chain to utilize them. However, Pirate Chain developers have built on these features to ensure even higher levels of anonymity. Here’s a short overview of what Pirate Chain can offer its users.

Pirate Chain Features

Zero-knowledge proof (zk-SNARKS)

zk-SNARKS (or Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) is a zero-knowledge method of constructing cryptographic proofs. Zero-knowledge proofs allow verifiers to check the truth of a statement sent by another party without knowing the details about the statement.

Zero-knowledge Proof of Knowledge goes one step further, not only allowing to verify the statement itself but also the fact that the sender has the answer. Being succinct and non-interactive means that the verification takes a short time and doesn’t require exchanging information back and forth several times.

zk-SNARKS is a very secure method of anonymizing (shielding) the transactions, as there’s no need to publish the details about the sending and receiving addresses, inputs and outputs. However, the way it’s employed by ZCash which has pioneered it leaves some information unprotected since the shielding on ZCash is optional.

Delayed Proof-of-Work

Delayed Proof-of-Work (dPow) is a security mechanism built upon the Proof-of-Work consensus protocol. The Pirate Chain periodically makes block-hashes, which are in essence the snapshots of this chain. Those snapshots are then group-signed and inserted by notary nodes into the main Komodo chain and the Litecoin chain through the process called notarization. This way, if an attacker wants to change some information within the block on Pirate Chain, they have to also rearrange blocks on both Komodo and Litecoin chains, which requires enormous power.

Tor support

In order to obfuscate not only sender and receiver blockchain addresses, but their IP addresses, Pirate Chain developers choose to support the Tor network. This is a proven tool for people wanting to protect their anonymity.

Forced shielding

As it was said above, the shortcoming of most of the anonymous networks is that anonymity is optional, left for the user to decide. This prevents the total fungibility of the tokens on those networks, as some of the transactions still can be traced and the token’s ‘baggage’ can be seen. Pirate Chain avoids this issue by forcing 100% of the transactions to be shielded.

Pirate Chain (ARRR) Pros and Cons

Pros

  • The obvious argument for Pirate Chain is its anonymity, as there is a lot of users who value their privacy. The devs claim that ARRR crypto is better than other privacy coins — for example, it would win the comparison of Pirate Chain vs Monero;
  • The network is secured very well, allowing it to easily withstand the 51% attacks;
  • There is a strong community on social networks;
  • It’s being actively developed. For example, there is a plan to roll out a wrapped Pirate Chain token (wARRR) on Binance Smart Chain on September 20, 2021, which has got DeFi fans quite excited.

Cons

  • The network’s privacy, which is its main selling point for its users, is a concern for some other people: for example, there is no way to know how much ARRR is in the hands of the whales.

Where to exchange Pirate Chain (ARRR)

Exchanging or buying ARRR is quite easy. Some of the Pirate Chain exchange options are KuCoin, Gate.io, Bitcoin.com Exchange, Changelly PRO, and CoinEx. One can also use SwapSpace as their Pirate Chain coin (ARRR) exchange, following this step-by-step guide:

  1. On the SwapSpace homepage, select ARRR in the “You send” section and the cryptocurrency you would like to receive in the “You get” section. Enter the amount of ARRR you want to exchange.
  2. Choose the instant exchange service that suits you most.
  3. Specify the recipient address and check if all the data is correct.
  4. Send your ARRR coins to the address you will see on the screen.
  5. Wait until the exchange is complete.

Where to store Pirate Chain (ARRR)

The best way to store Pirate coin (ARRR) is in the wallet developed by the Pirate chain team. This wallet comes in several variations: Treasure Chest, Skull Island, Pirate Wallet Lite, and Paper Wallet. Among the recommended wallets there is also Verus Desktop.

Final thoughts

Pirate Chain crypto is a great way to ensure the anonymity of the transactions, making it invaluable for those users who take their privacy seriously. It combines several different approaches to security in a way designed to protect every user of the ARRR token. This, together with the strong community and active development team, is very exciting for the Pirate Chain’s future. 

Related posts

Can Terra Luna Classic’s massive token burn push LUNC?

Can Terra Luna Classic’s massive token burn push LUNC?

02 Apr 2025 ◦ 5 min read
Terra Luna Classic ( LUNC ) has faced many challenges after the notorious incident with its predecessor,
Pi Coin becomes the 11th largest crypto in under a month

Pi Coin becomes the 11th largest crypto in under a month

28 Mar 2025 ◦ 6 min read
In less than a month, Pi Coin reached the 11th spot in global cryptocurrency rankings by market capitalization. This kind of rapid growth is rare, even Bitcoin and Ethereum took much longer to build their market presence.  While Solana and Dogecoin have also
Which crypto will explode in 2025?

Which crypto will explode in 2025?

26 Mar 2025 ◦ 10 min read
The crypto market changes constantly, and some assets rise above the rest every year. As 2025 began, investors started searching for the next crypto to explode—a project that promises massive gains like Bitcoin and Ethereum once delivered. But which
What is token unlock?

What is token unlock?

21 Mar 2025 ◦ 7 min read
Token unlocks play an important role in asset pricing, so keeping a close eye on unlock schedules will help investors better understand growth potential and tailor their strategies. Token unlo

Tags

Cryptocurrencies

Recent posts

Can Terra Luna Classic’s massive token burn push LUNC?
Pi Coin becomes the 11th largest crypto in under a month
Which crypto will explode in 2025?
What is token unlock?

BTC  to USDT : best rates

btc-icon
btc
1
usdt-icon
usdt
80425.38299792
via
LetsExchange
usdt-icon
usdt
82320.169135
via
EasyBit
usdt-icon
usdt
82318.43152761688
via
Changee