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

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. Zk-SNARKS (or Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) is a zero-knowledge method of constructing cryptographic proofs.

Buying Pirate Chain (ARRR)

  1. Privacy and anonymity are underlying principles of the Pirate Chain network.
  2. Remember, that you might have to use two different exchanges for this.
  3. ZK-Snarks technology (zero-knowledge cryptography) is utilized to shield peer to peer transactions.
  4. Yet, no matter how accessible cryptocurrencies are today, there are some crypto assets that are not as easy to get as the other ones.

First, you need to move the purchased Bitcoin or Ethereum from Coinbase to the cryptocurrency exchange platform which will require some time. When the transaction is done you can exchange the crypto you already have with Pirate Chain (ARRR). After you make a purchase you can move your cryptocurrencies to a reliable wallet, such as the CoinStats Wallet. It enables you to manage,  track and exchange crypto all in one place. To use the ARRR tokens you will need to get you an appropriate wallet first.

Which exchange has the most Terra trading volume?

Pirate is protected from 51% attacks by utilizing Komodo’s dPoW, meaning its blocks are notarized onto both Komodo and Litecoin blockchains. Attempts to mount a Sybil attack against Pirate would have to overcome the combined hashrates of Bitcoin, Komodo, and Pirate. Pirate started with a fair launch – no ICO, premine, and 0 dev fees. Come and join the Pirate Chain community by clicking the below button.

How do I get ARRR tokens?

Pirate Chain would make a great platform for those who put privacy as their priority. The platform is easy to use, while providing users with various technologies and features to help users. Not only it is solidly safe and secure, but it is also private and discreet. Interested investors and users will have to buy Pirate Chain (ARRR) first if they want to join the platform and reap all the offered benefits.

Pirate Chain (ARRR) price has declined today.

Pirate Chain avoids this issue by forcing 100% of the transactions to be shielded. Find a crypto exchange which allow pairing ARRR with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency. On 29 August 2018, several developers from the Komodo https://forexbitcoin.info/ community piloted an independent asset chain with the technology offered by Komodo Platform. Pirate Chain harnesses Delayed Proof of Work (dPoW) from Komodo, zero-knowledge proof (zk-SNARKs) transactions from ZCash, and the rule of enforced private-only transactions by Monero.

Click here to check the legality status of cryptocurrencies by country. The project uses the Zero Knowledge-Succinct Non-Interactive Argument of Knowledge. A lot of words, I know, but this is a zero knowledge proof protocol that allows the network to make transactions while keeping the privacy of their clients. This protocol allows both parties in a transaction to prove the trustworthiness of a statement without sharing any private information. All the addresses of the network’s token are automatically protected z-addresses, which ensures that only the user can see the balance on their address and no one else.

It’s a crypto exchange that provides anonymous transactions of various private coins. You need to create an account that’s completely identical to the LocalMonero website through registration without KYC/AML verification. Whereas many other “privacy” coins have optional privacy features, Pirate (ARRR) claims to be a 100% private send cryptocurrency, as well as the first ‘z transaction-only’ chain. ZK-Snarks technology (zero-knowledge cryptography) is utilized to shield peer to peer transactions. The team claims that this has created the largest shielded private pool of funds of any privacy coin.

KYC/AML verifications completely erode privacy and anonymity of using cryptocurrency. The whole project is based on the privacy and safety foreign currency exchange as a fraudulent forex investment scam of their user’s financial information. Like any other crypto project, Pirate Chain has security measures in place at all times.

Their wallets are used by a healthy number of traders and their token is being traded daily within the crypto community. All of this means that they are seen as safe enough in the crypto circles. Do keep in mind no crypto platform or network is completely secure. You should do some research on your own on Pirate Chain before making your final decision if this is something you want to get yourself into or not. This is the first crypto project which makes 100% private transactions mandatory. This means that holders do not get to choose on this as all transactions are z-transactions only by default.

Privacy-based protocols and cryptocurrencies have become more popular within the crypto community in the last few years. However, most of these projects offer optional privacy, a system that is plagued with holes. This project promotes 100% private send cryptocurrency which can’t be affected by any other users of its network. The said token would be ARRR which is trading on several supported exchange platforms. The project was launched in 2018 and its main goal is to protect the financial anonymity of its users around the world. There are two ways for you to buy some ARRR tokens, and that is to either use any of the exchange platforms which support it or use a peer-to-peer transaction.

With all that being said, remember that the crypto world can be extremely volatile so it is no large surprise that experts are divided on the future of the platform. If you want to invest in Pirate Chain, make sure you only invest an amount you are willing to risk. Pirate Chain’s current circulating supply is 196.21M ARRR out of max supply of 200.00M ARRR. The current yearly supply inflation rate is 0.00% meaning 1,765.91 ARRR were created in the last year. In terms of market cap, Pirate Chain is currently ranked #8 in the Privacy Coins sector and ranked #84 in the Layer 1 sector. Delayed Proof-of-Work (dPow) is a security mechanism built upon the Proof-of-Work consensus protocol.

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