Pirate (ARRR) is a token used in Pirate Chain \u2014 a privacy-focused crypto project boasting full anonymity in all transactions. Pirate was founded in 2018 and went live with a fair launch, with no team tokens, pre-mining, or ICO. Its primary purpose is to act as a privacy coin.A typical cryptocurrency, insofar as those were initially conceived, features a transparent transaction history on the blockchain. This poses a whole host of potential issues, which can be collectively called a \u201cfungibility problem\u201d. A store accepting fiat currency doesn\u2019t care where it might have been \u2014 so, say, any dollar is essentially the same as any other dollar (i.e. fungible), whereas if a crypto token went through some addresses affiliated with the drug market, fraud, etc. \u2014 it might be \u201cworse\u201d in the eyes of merchants than a token without such history, even if its current owner is a law-abiding citizen. Some projects solve this problem by obfuscating money trails in some way, including Monero and Zcash.Pirate Chain combines Monero and Zcash strengths and builds on them, putting shielded zk- proof transactions mandatory at the core of the network. It\u2019s secured with Proof-of-Work consensus protocol and with delayed Proof-of-Work as an additional layer. All these measures protect the identities of token holders in the network and make Sybil and 51% attacks very expensive and unfeasible.When Pirate Chain entered the market in mid-2019, it was relatively poorly known, which led to Pirate\u2019s price staying relatively low at first \u2014 it didn\u2019t break the $0.1 mark until August 2020, and even then, Pirate didn\u2019t keep this position for long. The second break came in December 2020, when the price climbed above $0.1, slowly at first. By early April 2021, it reached $0.4 and then shot up to $16.90 on April 23, as the Pirate\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Pirate (ARRR) is a token used in Pirate Chain \u2014 a privacy-focused crypto project boasting full anonymity in all transactions. Pirate was founded in 2018 and [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5031"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=5031"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=5031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=5031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=5031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}