Pirate Chain (ARRR)

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<infobox>

 <title source="title1">
   <default>Pirate Chain (ARRR)</default>
 </title>
 
   <label>Website</label>
 
 
   <label>Launch</label>
 
 
   <label>Total Supply</label>
 
 
   <label>Type</label>
 
 
   <label>Consensus mechanism</label>
 

</infobox>


Basics

"PIRATE (ARRR) is an independent blockchain built using the Komodo Platform's asset chains. Pirate aims to combine the best of Zcash (ZEC) and Monero (XMR) and is secured by Komodo’s (KMD) Delayed-Proof-of-Work (dPoW). It is a private transaction only blockchain, designed with the goal of completely anonymous transactions. Pirate is mined into a transparent address for auditing, but can only go into a shielded address from there. PIRATE claims to be feature complete for its goal: complete financial anonymity."

History

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

Implementations

  • Built on: Komodo
  • Programming language used:

Transaction Details

How it works

  • Uses (10-2019) the Equihash mining algorithm.
  • Block time: Approximately 60 seconds
  • Block reward (10-2019): 128 PirateChain (ARRR)
  • Block reward halves: every 388885 blocks (every 270 days)

Pirate OS

  • From their own blog update (12-11-2019):

"The Pirate Chain team is bringing you an entirely privacy focused operating system with a preloaded Pirate Chain wallet, all on a usb stick. Pirate OS encrypts and innately protects your connection via Tor and VPN. So, not only is the transaction private, but your IP address and connection is entirely private too.

Beginning with the standard model, GhostShip will offer Pirate OS and Pirate Chain wallets. This is ready to launch within the month.

Mining

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Privacy Method

Compliance

On securities and being Howey compliant

"Securities, currencies, Howey compliant projects, de-listings, and the SEC have all been hot topics since mid-2017 when governments had finally set their sights on regulating the cryptocurrency market. Since then possible regulation has changed how exchanges & projects have worked together and have become a very important aspect to consider when working on a new project. Fortunately, the contributors(team) to Piratechain had considered these new crypto-currency rites of passage and have already progressed in ‘maturity’ milestones to meet some regulatory standards. As of now, we have the 1st of 3 possible “Coin Opinion Letters” needed to list on exchanges and give confidence to holders of $ARRR that the project is well in line with current standards.

There are several coin opinion letters to be obtained but the Big three are for the United States, Hong-Kong/China, and The United Kingdom. The US letter is by far the most important and versatile one to have, it is the letter they ask for in other countries as the US is perceived to be the country “leading” regulation at the moment. An example of the respected use globally is that securities laws in New Zealand are similar so the US letter is accepted there currently.

We have now acquired our USA letter."

Oracle Method

Their Other Projects

zAtomicDEX

  • Also called ARRRtomicDEX.
  • From the same blog update:

"To briefly explain, all of AtomicDEX’s swaps are on the public blockchain, but ARRRtomicDEX brings in a layer of privacy. Due to Pirate Chain’s superior privacy features, where all addresses and all transactions are by default private. Imagine 2 scenarios, (1) an anonymization feature, such as “colored CoinA” -> ARRR -> CoinA, or (2) a truly private swap, such as CoinA -> ARRR -> CoinB. $ARRR enables any cryptocurrency to be anonymized via ARRRtomicDEX. Consequently, this provides an invaluable usecase for $ARRR while serving an imperative role for the cryptocurrency industry."

Governance

DAO

Admin Key

Treasury

Upgrades

  • Did upgrade Sapling (an upgrade from ZCash): "Sapling upgrade implemented and opens the path to lite wallets, mobile wallets and Point of Sale functionality"

Roadmap

  • Roadmap can be found here. Most notable future plans are:
  1. "ARRRtomic | Ztx DEX Integration
  2. ZSPV
  3. Litewallet
  4. Snarkz = private chat and file sharing platform (in discussion)"

Audits

Bugs/Exploits

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

Funding

Partners

"The Pirate Chain team has recently announced a partnership to form the Blockchain Privacy, Security & Adoption Alliance (BPSAA). In addition to Pirate Chain, current members of the BPSAA include Turtle Network, Sentinel and Ether-1. The alliance aims to lead by example on innovation and cooperation and become a vocal champion for the blockchain industry."