Pirate Chain

Pirate Chain is a cryptocurrency launched on 29 August 2018 that is designed to make every transaction private by default. It targets users who want peer-to-peer transfers that cannot be traced or linked to identities. The project frames optional privacy, a feature of many competing coins, as a vulnerability, and positions mandatory privacy as the solution.

Every transaction on Pirate Chain is shielded using zk-SNARKs, a form of zero-knowledge cryptography that proves a transaction is valid without revealing sender, receiver, or amount. The network reaches agreement through the Equihash proof-of-work algorithm, with blocks produced approximately every one minute. The ARRR token is the sole medium of exchange within the protocol and is what users transfer when they send value across the network.

The data provided does not include a fee revenue stream or protocol treasury figure, so no fee-based yield or revenue measures are available for this asset on this site. Miners who solve Equihash blocks receive block rewards; any transaction fees paid by senders also flow to miners, but no figures for those amounts are stored here. With 98.11% of supply already in circulation at the point this data was recorded, new issuance is minimal, and the ratio of fully diluted value to market cap stands at 1.019296, reflecting that remaining dilution overhang is just under 1.93% of current circulating supply.