Pirate

On August 29th, 2018, developers in the Komodo community piloted an independent asset chain with the technology offered by Komodo Platform. Pirate Chain harnesses the power of tools such as 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) is a 100% private send cryptocurrency, as well as the first z transaction only chain. ZK-Snarks technology (zero-knowledge cryptography) is utilized to completely shield peer to peer transactions. This means that transactions are 100% private all the time. This has created the largest shielded private pool of funds of any privacy coin, including Zcash and Monero. Pirate prevents 51% attacks by utilizing Komodo’s dPoW, meaning its blocks are notarized onto both Komodo and Bitcoin blockchains. Simply stated, attempts to mount a Sybil attack against Pirate would have to overcome the combined hashrates of Bitcoin, Komodo, and Pirate. This aims to create a high cost of attack to prevent malicious actors. On top of that, Pirate started with a fair launch, no ICO, no premine, and zero dev fees.