ARRR
No. 487Price
Markets
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1. Project introduction
Pirate Chain is a privacy focused digital cash network that enforces shielded only Peer-to-Peer (P2P) transactions. Interactions between peers are encrypted using zeroknowledge, Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) which eliminate the information shared in a typical pseudonyms transparent transaction such as the sender’s address, the receiving address, amount, and transaction history. This requirement solves the issue of unintentional metadata being leaked when using transparent addresses which could allow an observer to link transactions and identities.By enforcing shielded P2P transactions, no previous transaction history is revealed. On the Pirate Chain network, this solves the problem of “tainted” coins which is defined as a transaction balance having a transaction history linked to black listed or otherwise undesirable addresses that may cause exchanges or other entities to refuse or devalue otherwise legitimate transactions.
2. Application
Max. supply: 200 million
Pirate Chain’s native currency (ARRR) is 100% Fungible and functions as a digital cash.
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