Recently our Head of Exchange, Danish Chaudhry had the chance to sit down with the team behind Pirate Chain and learn more about their privacy blockchain and their fight for financial privacy. Read on.
What is Pirate Chain and what mission are you trying to achieve with Pirate Chain?
Pirate Chain is a privacy cryptocurrency that is one of (if not the most) private in all of crypto. We utilize ZK-Snarks as our privacy protocol and are private by default. We are also the most secure cryptocurrency by utilizing Komodo’s delayed proof of work, making 51% attacks virtually impossible. Our mission is to become the most widely adopted privacy coin, as well as building tools to protect our users’ privacy (ex. The operating system we developed)
What was the motivation behind Pirate Chain?
The reason Pirate Chain exists is that we truly believe in the right of privacy, especially financial privacy. ZK-Snarks has been proven as the strongest privacy protocol, and we were the first chain to implement it as a shielded transaction only chain, becoming the most private currency from the start. We also build tools and applications to complement our chain for users to utilize and be completely secure from malicious individuals.
Why the name Pirate Chain?
We named ourselves Pirate Chain because we are the Pirates of Privacy, meaning we take back our own privacy that was stolen from us.
How is Pirate Chain different from other Privacy Coins such as Zcoin or BEAM?
We are different from Zcoin because we are private by default, as well as more secure (since we are virtually immune to 51% attacks because of delayed proof of work). We are different from beam because we utilize zk-snarks (stronger privacy than mimble wimble) as well as delayed proof of work (virtually immune to 51% attacks)
Privacy is becoming more and more an important topic in public awareness. Do you think Privacy Coins could be a viable solution for the masses to maintain financial privacy? What would have to happen for the mainstream to look into a currency like Pirate Chain?
Privacy coins are absolutely a viable solution for the masses to maintain financial privacy. We are developing a point of sale system app that allows merchants to not only accept Pirate Chain, but stable coins as well, all while the customer pays in Pirate Chain and protects their privacy. The mainstream will definitely take note of Pirate Chain after the announcement of the Alliance we just formed (announcement coming on February 12th) and after the development of the Point of Sale system later this year.
What is the biggest challenge you’re facing as a privacy-focused cryptocurrency?
The biggest challenge we have faced as a privacy-focused cryptocurrency is finding exchanges and services that we are able to list on, due to privacy laws in certain countries.
Talking of challenges, how do you maintain financial privacy when it comes to everyday life? We are still living in a world where fiat is king, so do you go for cash to pay?
I maintain financial privacy by storing a good portion of my disposable funds into Pirate Chain while using the Pirate Chain operating system GhostShipOS (which protects users privacy by utilizing a custom linux operating system that uses a ton of privacy-protecting tools like mac address spoofing and a VPN to name a few, that is bootable from a USB drive)
Pirate Chain is a community-focused project which very well reflects the spirit of decentralization. Where do you see this community and Pirate Chain itself in a year from now?
I see the community growing massively after all the developments we come out with, as well as promoting more users that help out with the development and adoption of our currency
Last but not least, why did you decide to list on Bitcoin.com Exchange?
We decided to list on the Bitcoin.com exchange because we were looking for a secure, reputable exchange to list on. We have quite a few exchanges that we have listed on already, so at this point, we are looking for bigger, well-known exchanges to grow our outreach and exposure.
To learn more about Pirate Chain and to join their community of Pirates fighting for Privacy, head over to their website: https://pirate.black/