On 29 August 2018, several developers from the Komodo 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.
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.
Pirate is protected from 51% attacks by utilizing Komodo’s dPoW, meaning its blocks are notarized onto both Komodo and Bitcoin blockchains. Attempts to mount a Sybil attack against Pirate would have to overcome the combined hashrates of Bitcoin, Komodo, and Pirate. This is an astronomical cost that would deter malicious actors. Pirate started with a fair launch - no ICO, premine, and 0 dev fees.
| Pirate Chain Price | $0.067352 USD |
|---|---|
| Pirate Chain ROI | -30.46% |
| Market Rank | #461 |
| Market Cap | $11,292,349 USD |
| 24 Hour Volume | $733,730 USD |
| Circulating Supply | 167,661,436 ARRR |
| Total Supply | 167,661,436 ARRR |
| Max Supply | 200,000,000 ARRR |
| All Time High | $0.296761 USD (Jun 03, 2019) |
| All Time Low | $0.012739 USD (Mar 16, 2020) |
| 52 Week High / Low | $0.155392 USD / $0.012739 USD |
| 90 Day High / Low | $0.155392 USD / $0.016646 USD |
| 30 Day High / Low | $0.155392 USD / $0.027485 USD |
| 7 Day High / Low | $0.122173 USD / $0.067081 USD |
| 24 Hour High / Low | $0.096169 USD / $0.067081 USD |
| Yesterday's High / Low | $0.069065 USD / $0.065766 USD |
| Yesterday's Open / Close | $0.066909 USD / $0.067882 USD |
| Yesterday's Change | $0.000974 USD (1.46%) |
| Yesterday's Volume | $323,737 USD |