Pirate Chain
Pirate Chain is an independent blockchain built on Zcash's zk-SNARK technology, utilizing zero-knowledge proofs to ensure privacy. Created on the Komodo Platform, Pirate enforces private, shielded transactions exclusively, with no option for transparent transactions except through Komodo's Notary Nodes. [1]
Overview
Pirate Chain, launched in 2018, is a privacy-focused cryptocurrency that leverages advanced cryptographic protocols to ensure comprehensive transactional anonymity. Its approach centers on mandatory shielded addresses and transactions using the zk-SNARKs protocol, which verifies transaction validity without revealing transaction details. This protocol, widely recognized in the industry, provides robust privacy. [2]
Pirate Chain enforces privacy with zk-SNARKs and a dPoW consensus model, making it resistant to surveillance and security breaches. TOR network support adds another layer of anonymity. Its compact zk-SNARKs proofs enable fast transaction processing while minimal fees enhance cost-effectiveness. A lightweight full-node wallet increases usability and supports the network's decentralization goal. Operating within the Komodo ecosystem, Pirate Chain prioritizes interoperability and strategic collaborations. It implements upgrades like Sapling to support lite wallets, mobile wallets, and point-of-sale functionality. [2]
Projects
ARRRmada
The ARRRmada is a network of stores, service providers, and companies that accept ARRR, the native currency of the Pirate Chain network, as payment. This network offers online transaction convenience with cash-like privacy, appealing to those seeking secure digital transactions. Merchants can integrate ARRR payment options into their platforms or accept donations using a provided donation script. This initiative supports a community of privacy-focused commerce by connecting merchants and customers who value financial sovereignty. [3][4]
PiratePay
PiratePay is an open-source, decentralized payment gateway for accepting Pirate Chain ($ARRR) on websites and online stores, eliminating the need for intermediaries. Designed for privacy and security, PiratePay connects $ARRR wallets to stores through a RESTful API, which supports price conversions, transaction records, OAuth2 authentication, and a graphical dashboard. It also includes a job queue manager to monitor wallet transactions and update order payment statuses through the store’s API. [3][5]
bARRRter
bARRRter is a private, Pirate Chain-focused trading community facilitating secure, ARRR-based transactions without listing fees or commissions. Created by a community member to promote Pirate Chain as a fair, private alternative to traditional currency, bARRRter encourages users to list goods or services for sale using ARRR as the medium of exchange. The platform emphasizes privacy and community-building, encouraging local trade connections and a private, decentralized economy. [3][6]
A basic lifetime membership, costing the ARRR equivalent of $10, allows access to the platform and helps support its maintenance and growth. Additional contributions go toward Pirate Chain’s development. Users are encouraged to use ARRR in transactions where possible, and an escrow service is planned for added security in long-distance exchanges. [3][6]
PirateOS
Pirate OS is an operating system series that strengthens transaction security and privacy. It operates from a USB, allowing users to boot it directly on nearly any computer. Key features include MAC address spoofing and routing through TOR, with plans for data encryption and multi-VPN usage, enhancing anonymity and security. [7][8]
Wallets
Full Node Wallet
The Treasure Chest is Pirate Chain's main full-node wallet. It is compatible with 64-bit systems and designed for high privacy through zk-SNARKs cryptography. Enhanced by using a VPN and a secure operating system like Linux, the wallet provides robust anonymity. Actively maintained by developers, it emphasizes user security and ease of use. [9]
Lite Wallet
The Pirate Wallet Lite is a lightweight, efficient wallet for managing smaller amounts of ARRR. Designed to be resource-friendly without sacrificing security, it uses zk-SNARKs to protect funds. The wallet emphasizes speed, ease of use, and compatibility with limited hardware, making it suitable for users with modest storage needs or lower-spec devices. [9]
Mobile Wallet
The mobile wallet allows users to manage their ARRR cryptocurrency on the go. Utilizing zk-SNARKs cryptography provides strong privacy features, which can be enhanced with a VPN for added anonymity. Designed for casual or everyday use, it is ideal for securely storing smaller amounts of ARRR. [9]
Paper Wallet
The Pirate Chain paper wallet is an offline storage solution for ARRR. It generates a sapling address through CLI commands and saves it to a PDF file as a physical backup. This option offers protection from online threats and requires careful handling to prevent physical loss or damage. It suits users seeking a tangible, secure method for offline storage of their digital assets. [9]
ARRR
ARRR is the native coin of the Pirate Chain. Built with zk-SNARKs technology, ARRR enforces mandatory privacy by using encrypted z-addresses and z-transactions, ensuring transaction data remains hidden on the blockchain. This structure means only transaction participants know details, while no outside observer can access them. Users can further enhance their anonymity by running Pirate Chain on the TOR network, adding another layer of privacy by masking web traffic. [10]
Tokenomics
The total supply of ARRR is capped at 200 million coins, with no pre-mining or initial coin offering (ICO). ARRR tokens are generated solely through block rewards for miners, with new blocks issued approximately every minute. ARRR's reward value and price are expected to rise over time as a deflationary asset. Block reward halving occurs every 388,885 blocks (roughly every 270 days), reducing rewards by 50% each cycle to control the circulating supply within the set maximum. [10]
wARRR
wARRR is a tokenized form of ARRR on the Binance Smart Chain (BSC), potentially expanding to other platforms. wARRR enables users to transition from transparent platforms to a private environment by bridging their funds to ARRR, a process known as unwrapping. Users can convert ARRR to wARRR through the bridge for trading on PancakeSwap or adding liquidity to the wARRR/BNB pair. Liquidity providers can stake their contributions to earn rewards from transaction fees, with a 1% fee on wARRR transactions. Half of the fee supports liquidity stakers, while the other half funds ARRR marketing and development. [11]
