Pirate Chain FAQ
Isn't Bitcoin already private?
In fact, this is so much easier than trying to track you through your credit card transactions as those are hidden on private centralized servers. Whereas with Bitcoin, the blockchain is broadcast globally. Even worse, nefarious actors can target you once they have identified your generous wallet balance. This public display of your financial status to the world is found not just in Bitcoin but also in every other cryptocurrency without native privacy. Financial privacy is paramount to individuals and business entities.
Who are the developers behind Pirate?
Built upon the Zcash protocol, Pirate Chain showcases the team's mastery in advanced blockchain technologies, particularly in the dominion of transaction privacy and security. As core developers of Zcash, the team members have demonstrated an unparalleled depth of knowledge and proficiency, leveraging their skills to shape Pirate Chain's technical core.
Furthermore, their significant involvement with Komodo, which includes running Notary Nodes and contributing to core development, embodies their versatility and commitment to fostering innovation. This close collaboration with the Komodo ecosystem has facilitated a conducive environment for technical growth and exchange of insights, enhancing Pirate Chain's overall robustness.
What is zk-sNARKs?
Why is financial privacy important?
What is Delayed Proof-of-Work (dPoW)?
How is Pirate funded?
What is PirateOS?
Pirate is always being referred to as the best of Zcash and Monero combined, why?
Monero offers a private chain, but their privacy technology is inferior to ZCash. Fluffypony himself stated that zk-SNARKs offers better privacy than Monero. So a fully shielded chain like Pirate Chain offers better privacy, a bigger organic anon set. Additionally, Pirate Chain is 51% attack resistant with dPoW.
Is Pirate Chain a Shit Coin?
The development team behind Pirate Chain is a testament to its technical prowess. The team comprises core developers from established cryptocurrencies such as Komodo, Zcash, Bitcoin, and Monero. This collective expertise has facilitated the integration of advanced features and robust security measures, including Komodo's delayed Proof of Work (dPoW) algorithm, which provides robust protection against 51% attacks.
Endorsements from high-profile figures in the cryptocurrency and tech world further underscore Pirate Chain's credibility and potential. John McAfee, the late founder of McAfee antivirus software, and Jeff Berwick, the founder of The Dollar Vigilante and Anarchapulco, have both publicly endorsed Pirate Chain. Their support serves as a powerful testament to the coin's potential and the value of its privacy features. The growing interest and positive sentiment surrounding Pirate Chain within the broader cryptocurrency community is a strong indicator of its increasing recognition and adoption.
Pirate Chain stands out in the crowded cryptocurrency field with its unparalleled commitment to privacy, robust security features, and the backing of influential figures in the tech and crypto sectors. It is a serious contender in the world of cryptocurrencies
Why does Pirate Chain use a trusted setup?
Moreover, Pirate Chain's zk-SNARKs technology is an offshoot of the well-regarded Zcash protocol, which is widely recognized for its stringent security standards. The Trusted Setup ceremony for Zcash was conducted with unparalleled transparency, involving an array of esteemed participants from diverse backgrounds, thereby mitigating any fears of collusion or security breach.
As part of their ongoing commitment to the frontier of cryptographic technology, Pirate Chain is considering the integration of Halo 2 and also exploring the implementation of new improved Trustless Setup solutions. Halo 2, an emergent technology in the field of zero-knowledge proof mechanisms, negates the need for a Trusted Setup and enhances scalability through its innovative zk-SNARK implementation. This pursuit exemplifies Pirate's relentless drive to remain at the forefront of advancements in privacy-centric cryptography, constantly seeking ways to reinforce user privacy and security.
You can read more here and here.
Why has so much already been mined?
The accelerated emission schedule has further resulted in Pirate Chain's enhanced scarcity, endowing it with a high stock to flow value compared to other projects. This scarcity, driven by the strategic decision to have a larger proportion of coins mined early on, may act as a catalyst for its price appreciation, potentially propelling the value to levels that align with the expectations of many stakeholders. The coin's unique proposition of scarcity could serve as a key attraction for future investors, highlighting its inherent value and potential for growth.
You can read more here and here.