PIRATE (ARRR) is an assetchain (independent blockchain) out of the Komodo ecosystem which makes it based on Zcash tech, but with different features which are determined by the parameters set in the Komodo assetchain. Zcash uses specific zero-knowledge proofs called zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge) which allow transaction data to be validated without revealing ANY information about the amount and the parties involved
Ultimate Privacy in PIRATE..
What makes PIRATE unique is that it’s a forced shielded-transactions only blockchain utilizing zk-SNARKS technology (z-transactions) the best privacy tech there is and it is protected by BTC hashrate. PIRATE is mined into a transparent address, but can only go into a shielded address from there [8]. The result of this feature is that atleast 99.99% of ARRR is shielded, dramatically increasing the privacy of the usage of the blockchain for sending funds. Furthermore, PIRATE supports TOR to obfuscate geographic location (IP).
Security
PIRATE is protected against majority hash attacks (reorganizations) through bitcoin’s hash rate. Bitcoin network hashrate is insanely high and will probably not be surpassed at any point in the foreseeable future. Delayed proof-of-work utilizes this enormous power of the bitcoin network to protect its blockchain to 51% attacks. Protection is achieved by storing backups of the KMD blockchain onto the Bitcoin blockchain. dPoW has been successfully implemented in Komodo, Game Credits, Einsteinium, Pungo, HUSH and PIRATE.
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