What is Pirate Chain (ARRR)? Technology, Tokenomics, and Price

Amidst growing concerns about privacy in the digital world, Pirate Chain (ARRR) has emerged as one of the crypto assets that truly places anonymity at its core.

Many crypto investors and users are now starting to ask,What is Pirate Chain (ARRR)?and why this project is often referred to as one of the most extreme privacy coins on the market.

Key Takeaways

• Pirate Chain (ARRR) is a privacy crypto with 100% anonymous transactions.
• Using zk-SNARKs and dPoW technology for high-level security.
• There are no ICOs, premiums, or developer fees from the start of the launch.

What is Pirate Chain (ARRR)?

Image Source: Pirate Chain

Pirate Chain (ARRR) is a cryptocurrency that focuses on privacy and security of transactions. Unlike many other coins that only offer privacy as an optional feature, Pirate Chain requires all transactions to be private.

This means that every transaction on the Pirate Chain network is automatically protected. There are no visible public addresses, no traceable transaction amounts, and no trace for outsiders to analyze.

This extreme approach is what makes Pirate Chain often referred to as one of the “hardest” privacy coins in the crypto industry.

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The Technology Behind Pirate Chain (ARRR)

The main strength of the Pirate Chain (ARRR) lies in the combination of two advanced technologies that are already proven in the blockchain world.

1. zk-SNARKs: Privacy Without Compromise

Pirate Chain uses zk-SNARKs (zero-knowledge proofs), a cryptographic technology also used by ZCash. This technology allows transactions to be verified without revealing any information about the sender, recipient, or transaction amount.

Unlike other privacy coins that still provide public transactions, Pirate Chain100% private-only. This is what makes it claimed to have the largest shielded pool among privacy coins.

2. Delayed Proof of Work (dPoW)

From a network security perspective, Pirate Chain adoptsDelayed Proof of Work (dPoW)from the Komodo ecosystem. Using this mechanism, Pirate Chain blocks are periodically notarized to the Komodo and Litecoin blockchains.

In effect, to carry out a 51% attack, a malicious party would have to defeat the combined power of the Bitcoin, Komodo, and Pirate Chain networks. Realistically, the cost of such an attack is nearly impossible.

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Tokenomics Pirate Chain (ARRR)

Pirate Chain (ARRR) has a relatively simple yet solid token structure:

Maximum supply:200 million ARRR

Current circulating supply:±196 million ARRR

Block time:60 seconds

There is no runaway inflation, and supply is designed to be stable over the long term.

Interestingly, Pirate Chain was launched with a fair launch. No ICO, no premine, and no special allocation for developers. All ARRR tokens are openly mined by the community.

Read Also:What is Polyhedra Network (ZKJ)? Technology, Functions, Tokenomics, and Price

ARRR Price Today

Image Source: Coinmarketcap

Based on the latest data, ARRR price today is trading in the range $0,39, with a daily increase of more than39% in the last 24 hours. Market cap is above$77 million, indicating that this project still has an active community and liquidity.

Historically, ARRR has printed all-time high of $16.76 and all-time low of $0.0079. Currently, the price is still about 97% below its all-time high, but thousands of percent above its all-time low.

Read Also: What is Obol (OBOL)? Technology, Tokenomics, and Pricing

Conclusion

So, Pirate Chain (ARRR)is a crypto asset that places privacy as a top priority, not just an additional feature.

With zk-SNARKs technology and dPoW protection, Pirate Chain offers anonymity and security that is hard to match by other crypto assets.

While its price is still far from ATH, Pirate Chain remains an attractive option for users who truly care about financial privacy.

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FAQ

Is Pirate Chain really anonymous?

Yes, all transactions on Pirate Chain are private-only with no exceptions.

What is the difference between Pirate Chain and Monero?

Monero still has a certain level of privacy options, while Pirate Chain requires privacy on all transactions.

Is Pirate Chain safe from 51% attacks?

It is relatively very secure because it uses Delayed Proof of Work (dPoW).

Does Pirate Chain have an ICO?

No. Pirate Chain launched without an ICO, premine, or developer fees.

Is ARRR suitable for investment?

Suitable for users who understand crypto risks and have an interest in privacy, but still need good risk management.