Pirate Chain
Crypto Overview
Purpose and Utility
Pirate Chain (ARRR) is a privacy-focused cryptocurrency that launched in 2018. It utilizes zero-knowledge cryptography and zk-SNARKs technology to provide completely private and anonymous transactions. The project aims to be the most private cryptocurrency available, enforcing private-only transactions by default.
Business Model and Technology
The project operates on a modified Komodo code base, utilizing delayed Proof of Work (dPoW) for enhanced security. All transactions on the network are shielded by default, meaning transaction amounts, sender, and receiver information are completely private. The protocol does not facilitate any inherently haram activities like interest-based lending or gambling.
Real-World Adoption
Current usage primarily centers around private transactions between users who prioritize financial privacy. The project has developed mobile and desktop wallets (Skull Island, Pirate Wallet) and is listed on several cryptocurrency exchanges. While adoption remains relatively niche compared to larger privacy coins, there is consistent transaction activity on the network.
Development Activity
The project maintains active development, with regular updates to its core protocol and wallet infrastructure. The development team continues to work on improving the user experience and expanding integration with other services while maintaining its core focus on privacy.
Token Distribution
Pirate Chain launched with no pre-mine and no ICO, meaning there was no initial allocation to founders or early investors. The coin is mineable through Proof of Work, suggesting a fair distribution mechanism.
Crypto Impact
To assign a comfort level investing in Pirate Chain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Pirate Chain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.