Pirate Chain (ARRR)

Pirate Chain is currently trading at $0.3754, after a price change of 4.48% in the last 24 hours.

Ranked as cryptocurrency #262 by capitalization today, ARRR market cap is valued at $73,474,331. ARRR trading volume reached $145,325 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on ARRR coin price prediction page.

What is Pirate Chain?

Pirate Chain is a privacy-centered, decentralized network that encrypts peer-to-peer transactions. The encryption is accomplished through the use of zero-knowledge proofs, zk-SNARKs. 

Pirate Chain is secured through Komodo’s Delayed Proof-of-Work and guidelines from the enforced private-only transactions by Monero blockchain. The protocol uses dPoW to prevent 51% attacks by notarizing blocks to both the Komodo and Bitcoin blockchains. The technology conceals the sender’s data, the recipient’s address, the amount, and the transaction history. Transactions on Pirate Chain are fully shielded at all times. 

ARRR is the native token powering the Pirate protocol. There are currently 191,058,276.76 circulating ARRR tokens from a total supply of 191,058,277 and a hard cap of 200,000,000. The project’s debut had neither an initial coin offering, premine, nor development allocation.

Users of Pirate Chain’s shielded transactions have the freedom to disclose trade metadata for audit and regulatory purposes. The protocol has no central issuing authority, but instead the supply is generated through public mining rewards. The mining rewards are halved every 388,885 blocks, up to a reward amount of 1 arrrtoshi which is projected to come after 2043.

Pirate Chain was introduced in 2018 by Komodo developers.