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- Pirate Chain (ARRR) is a 100% private send cryptocurrency, and It uses a privacy protocol that other users’ activity cannot compromise on the network.
- Pirate Chain uses ZK-Snarks to shield 100% of the peer to peer transactions on the blockchain making for highly anonymous and private transactions.
- The creators guarantee that to 51% attack Pirate, and one would need to first 51% attack Bitcoin, making protection from two-fold spending and unfriendly takeovers are almost impossible.
As we all know, The popular DAO event which occurred In 2016, a decentralized independent association called The DAO, a bunch of smart contracts created on the platform, raised a record US$150 million out of a group deal to subsidize the project. The DAO was exploited in June 2016 when US$50 million of DAO tokens were stolen by an anonymous hacker. The occasion started a debate in the crypto-community about whether Ethereum should perform a contentious “hard fork” to reappropriate the affected funds. It brought about the organization parting into two blockchains: Ethereum with the theft accusation and Ethereum Classic, which proceeded on the original chain. The hard fork made a competition between the two networks. After the hard fork, Ethereum, along these lines, forked twice in the final quarter of 2016 to deal with such attacks.
But in the case of Pirate Chain, the developer team behind the formation of Zcash, which Pirate Chain depends on, believed that the best use of the protocol is a chain that requires private sends as it were. A Delayed Proof of Work framework shields Pirate’s Blockchain from harm against twofold spends and 51% attacks by connecting a backup of the ARRR chain to the Bitcoin Blockchain. The creators guarantee that to 51% attack Pirate, one would need to first 51% attack Bitcoin, which makes protection from two-fold spending and unfriendly takeovers are almost impossible.
To know more about Pirate Chain, visit their official website. Read their whitepaper. Moreover, check their Roadmap to know about their past work and what they will do in 2021. For today let’s learn about their different projects, including PiratePay, Pirate OS, Wallets and ARRRmada
PiratePay A Secured E-Commerce Payment Gateway Application
PiratePay is a completely decentralized, open-source payment gateway that permits you to accept Pirate Chain ($ARRR) on your sites and stores. PiratePay eliminates the requirement for an agent and is created with the most extreme level of privacy and security as a primary concern.
The PiratePay application is more natural and safer than utilizing conventional RPC Servers to communicate with your stores.
They achieve this by putting your $ARRR wallet behind an element rich RESTful API that offers price conversions, exchange records, expanded security highlights like Oauth2 verification, just as a graphical dashboard. Also, an inherent job queue manager who screens your wallet transactions and communicates with your store’s API to refresh the status of order payments.
Pirate OS an extra layer of protection for ARRR wallets
What’s more, of utilizing the world’s most private cryptocurrency, the Pirate OS offers plug-and-play USB functionality as an extra layer of safety. It does this to safeguard your wallet activity from the prying eyes of your commercial operating system.
The Pirate OS protects users with VPN and Tor by default, augmenting security, particularly when running crypto wallets. PirateOS flaunts pro-active defences, for example, MAC address spoofing, which improves secrecy on local networks. To balance the security bundle, PirateOS developers will incorporate drive encryption.
Pirate Wallets Privacy oriented, Secured & User Friendly
Their wallets are 100% anonymous using a VPN service combined with a safe OS like Linux. Cutting-edge privacy with zk-SNARKs cryptography, which also makes it the most secured. Automatic parameters & bootstrap install for faster sync, which make all wallets as simple to use as possible
Piratechain provides you with four different kinds of wallet
- Treasure Chest (full node wallet) for maximum security & storing large amounts.
- Pirate Wallet Lite (lite wallet) for faster sync & smaller amounts.
- Skull Island (mobile wallet) an android app for small amounts.
- Paper Wallet (offline wallet) for maximum security in offline storage.
ARRRmada an E-Commerce merchant directory
The ARRRmada is a directory for stores and service providers that accept payments with the private cryptocurrency ARRR.
What Pirate Chain Will Put Forward In 2021
Pirate Chain (ARRR) is an excellent project with a solid community and great potential for the upcoming future. They are working on many great projects in 2021. Sooner or later, it will compete with the other privacy coins and Ethereum in the market. Investors must do their due diligence before investing.
Mr, Nikhil Ingole is a Chief Editor at The Coin Republic with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain’s future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market’s informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.
