Open ian-tedesco opened 4 years ago
@Mikaela what research is required here? I know standards are trying to be set but I even read the whitepaper, quoted it and tried to simply explain its features for people who are not so familiar with the topic. Should I do something more?
@5a384507-18ce-417c-bb55-d4dfcc8883fe https://github.com/privacytoolsIO/privacytools.io/issues/977#issuecomment-584231923
Basic Information
Name: Pirate Chain (ARRR) Category: Private/Anonymous Cryptocurrencies (if they are officially added to the website) URL to official website: https://pirate.black/ URL to GitHub repository: https://github.com/PirateNetwork URL to whitepaper: https://pirate.black/files/whitepaper/The_Pirate_Code_V1.0.pdf
Description
Pirate Chain (ARRR) is a relatively new cryptocurrency which focuses on privacy, security and anonymity. They have implemented different features from other privacy coins such as zk-SNARKs (zero-knowledge succinct non interactive arguments of knowledge) from Z-cash, Sapling, also from Z-cash, dPoW (delayed proof of work) from Komodo, and maybe some others that I'm missing.
I'll quote a couple of extracts from their whitepaper so people can have an idea of how the previous mentioned implementations work and how this can benefit anons that decide to use this cryptocurrency not only in terms of P/S/A but also by reducing Co2 emissions.
zk-SNARKs is a form of transaction originally developed by Z-cash in which payments can be done without revealing sender's or receiver's data, this is optional therefore most of Z-cash transactions are made between t-addr and t-addr, instead of z-addr with z-addr. This damages the fungibility of the coins, since a coin that has been spent by a drug dealer now can be traced if at any moment of block of transactions the method used was a transparent one; this on itself can lead to the price of that exact coin to be lowered, not accepted by anyone, or seized by authorities. ARRR solves this by forcing zk-SNARKs transactions and implementing the Sapling upgrade.
More on Sapling from an ecologically standpoint:
This also helps with the concerns about energy consumption of other e-coins discussed on issue #798 .
More on Sapling from a privacy standpoint:
More on the relation of Pirate Chain with Bitcoin, Z-cash and Komodo:
More on how the implementation of dPoW can benefit ARR from a security and ecologically standpoint:
Why I am making the suggestion
I am making this suggestions since @Mikaela asked me to open an issue to recommend both Pirate Chain and DeepOnion and because I think are one of the best cryptocurrencies out there.
My connection with the software
I have no type of connections with the developer team or any other part of the organization.