At the time of writing, Pirate Chain is trading at a price of $25. 63 per coin with a market capitalization of $75,648,833 USD. Pirate Chain is a privacy-focused cryptocurrency that is focused on providing users with enhanced privacy and security when using blockchain technology.
The project uses the zK-SNARKS privacy protocol to provide its users with privacy, as well as several other features, such as Atomic Swaps and Obfuscated addresses. The currency has seen a steady upwards trend since its launch in late 2018, and is currently the 443rd most valuable cryptocurrency according to CoinMarketCap.
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What is the price of pirate chain today?
As of 8/3/2020, the price of Pirate Chain (ARRR) is $2. 91 USD according to CoinMarketCap, with a 24-hour trading volume of $1,900,521 USD. The price of Pirate Chain has decreased by 0. 5% over the last 24 hours.
The current circulating supply of ARRR is 9,486,055 ARRR, with a total supply of 200,000,000 ARRR. Pirate Chain has a market capitalization of $27,627,438 USD, ranking it at #279 on CoinMarketCap’s list of most valuable cryptocurrencies.
Is Pirate Chain better than Monero?
It really depends on what types of privacy features and security you are looking for in a cryptocurrency. Pirate Chain is entirely private and secure, and transactions are untraceable. Monero is also a very secure and anonymous digital currency, and all transactions are untraceable, but not entirely private.
The privacy of Monero relies on the use of ring signatures and stealth addresses, which give the user some degree of privacy but can still be potentially linked back to the user. Pirate Chain on the other hand is completely private and secure.
It has a unique architecture that is built on top of the Zcash Protocol but with more robust privacy and security features. Pirate Chain also has strong network effects with its new setup, meaning that more users and nodes will join the network, increasing the security and privacy of the network as a whole.
Ultimately, it comes down to personal preference and which features are most important to you.
Will Pirate Chain go up?
The future of cryptocurrency is always difficult to predict, and Pirate Chain is no exception. It is difficult to know with certainty whether Pirate Chain’s price will go up or down at a given time. That said, the general outlook for Pirate Chain among cryptocurrency experts is positive.
Pirate Chain’s privacy-focus, combined with its fully private transactions, has earned it recognition from many of the industry’s sharpest minds. The project also has a strong team of developers and has had a notable increase in adoption over the past year.
In addition, Pirate Chain is currently trading at high discounts due to its low supply, making it an attractive investment opportunity. Ultimately, whether or not Pirate Chain will go up ultimately lies in the hands of the market, but based on its current outlook, there is good reason to believe the price of Pirate Chain will continue to rise in the long term.
Why Monero is not popular?
Monero is not as popular as some other digital currencies because of its privacy-centric nature, which some may not be comfortable with since it makes the system less transparent, and there are many concerns about its use in illegal activities.
Additionally, it is not accepted by as many merchants as other mainstream digital currencies like Bitcoin, Litecoin, and Ethereum, making it difficult for users to obtain goods and services using Monero.
Lastly, it is not listed on as many major exchanges as other digital currencies making it difficult to acquire.
Why do criminals use Monero?
Criminals often use Monero (XMR) for a few different reasons. First and foremost, it is a highly anonymous cryptocurrency. Transactions through Monero provide a high level of privacy and are not traceable, allowing criminals to obscure their identities and the source and destination of the funds.
Monero is also very resistant to censorship, meaning that no third-party can stop, alter, or track transactions. Further, the network is designed to be robust and secure, meaning that all transactions are securely edited and verified in the blockchain, meaning that the criminal transacting in Monero is able to feel secure that their data and funds are safe.
Finally, the use of Monero is relatively widespread and widespread adoption makes it easier for criminals to use the asset. This means that criminals do not require a high level of technical knowledge to use Monero, simplifying it for criminal activities.
Can the government track Monero?
Yes, the government can track Monero. Monero is a privacy-centric cryptocurrency, however it is not completely untraceable. Monero transactions are obfuscated, meaning that the sender, receiver, and amount sent are not publicly visible on the blockchain.
However, Monero does still have a public ledger, which can be watched for suspicious transactions. Additionally, when Monero is exchanged for another cryptocurrency or fiat on a third-party platform, it often requires users to provide personal identification information for KYC protocols.
This means the government may be able to track the movement of Monero through the platforms and ultimately identify its owner. To further maximize their privacy and security, some Monero users utilize ring confidential transaction technology to make the amounts sent and received even more heavily obfuscated.
Is Monero legal in US?
Yes, Monero is legal in the United States. It is legal to buy, sell, and use Monero as you would any other currency. In fact, the U. S. government has issued a directive to financial institutions to ensure the safety of customers involved with cryptocurrencies, such as Monero.
Moreover, the IRS has established a set of guidelines for taxation of cryptocurrency transactions. The caveat is that, since transactions of virtual currencies are decentralized, there is no official government regulation or oversight of any cryptocurrency transactions.
Therefore, it is important to do your own research and be aware of your state and local laws when using, trading, or investing in Monero.
Can Monero get traced?
Monero’s network is designed to be private, making it difficult to trace the origin of a transaction. All of Monero’s transactions are confidential because the sender, recipient, and amount transferred are hidden.
The privacy of the transaction is achieved by encrypting the sender and receiver addresses on the blockchain, as well as using ring signatures and one-time stealth addresses to obscure the details of the sender and receiver.
Ring signatures help protect the privacy of the sender, as a user’s signature is mixed with other users’ signatures. Meanwhile, one-time stealth addresses are generated for each transaction and are only linked to the sender, helping to keep the receiver’s address private.
In order to trace Monero transactions, users or investigators must use novel strategies to expose the sender and receiver. This typically involves either linking a known sender or receiver to a transaction, or tracking cryptocurrency wallets (as they are not anonymous) that are believed to be associated with the transaction.
However, the task of tracing Monero transactions is much more difficult than tracing Bitcoin transactions, due to the increased level of privacy and security offered by the Monero protocol.
Do hackers use Monero?
Yes, hackers do use Monero (XMR). Monero is a type of cryptocurrency that is known for its privacy features, which makes it attractive to those who want to remain anonymous while conducting financial transactions online.
Hackers also like Monero because it is very difficult to trace its transactions due to its state-of-the-art privacy technology. Additionally, it also has low transaction fees and is known to be highly secure, appealing to many hackers.
The currency is also easily accessible and has high levels of liquidity. As the cryptocurrency market continues to expand, it is likely that the use of Monero by hackers will increase in the near future.
Which miner is for XMR?
The miner for XMR (also known as Monero) is the closed-source miner called XMRig. XMRig is a high-performance miner for the CryptoNight hashing algorithm used by the Monero (XMR) cryptocurrency. It is an open-source project and is the official mining software recommended by the Monero team.
It is available for Linux, Mac OS X, and Windows operating systems. XMRig allows users to take advantage of their CPUs, GPUs, and AMD or NVIDIA chipsets to earn XMR through mining. The miner also has unique features, such as the ability to perform mining on multiple threads, support for mining using a proxy, and automatic re-connection in case of network connection problems.
XMRig is suitable for both solo and pooled mining, and is considered to be one of the most efficient miners for XMR.
Is Monero crypto?
Yes, Monero is a type of cryptocurrency. It is a privacy-focused digital asset that was launched in April 2014 as a fork of Bytecoin. Monero uses the CryptoNight Proof-of-Work algorithm, which is designed to be secure, private, and untraceable.
Transactions are conducted between two users without the need for a third-party intermediary or a public ledger. This means that even knowledgeable people like governments or banks are unable to track the transactions.
Monero is widely used as an alternative to Bitcoin and other cryptocurrencies due to its privacy and security features and has gained traction as a payment method for darknet markets, as it is more anonymous and secure than other cryptocurrencies.
Is Pirate crypto a good investment?
The answer as to whether Pirate crypto (ARRR) is a good investment depends on your decision making process and risk preferences. Pirate crypto (ARRR) is a relatively new digital asset and is considered a high-risk, high-reward investment.
This means that any investment into Pirate crypto (ARRR) should be done with due diligence and consideration of the risks associated.
Pirate crypto (ARRR) has the potential for significant growth in its value due to the underlying blockchain technology and its use of masternodes. Masternodes are computers which manage the Pirate blockchain, process transactions, and help produce new blocks for the chain.
By running a masternode, investors can earn rewards in the form of Pirate coins.
Although Pirate crypto (ARRR) is a high-risk investment, it can potentially provide investors with a good return on their investment if they are able to hold it long enough and the technology advances as expected.
However, due to the high risk and uncertainty associated with any investment in digital assets, it is important to do your own research and perform due diligence before committing to any investment. As with any investment, potential investors must evaluate the risks and their own risk tolerance before venturing into this new asset class.
Which coin has the most potential to grow?
It is difficult to predict which coin has the most potential to grow, as crypto markets are highly unpredictable and volatile. However, there are certain factors that can be taken into consideration when assessing the potential of a specific cryptocurrency to grow.
Firstly, it is important to consider the project’s fundamentals, such as its technology, team, roadmap, and community. If a project appears to have a good technical foundation and a strong development team, it could be an indication of potential future growth.
Similarly, an established community or a growing presence on social media could also be an indication of the coin’s potential for growth.
It can also be beneficial to assess the coin’s market capitalization and trading volume to obtain a good understanding of its current adoption and tendency for growth. Additionally, gathering insights from market analytics such as mining difficulty, hash rate and market sentiment can help to further understand the coin’s current and future potential.
Ultimately, while there is no certain way to predict which coin has the most potential to grow, if you undertake research and assess the factors outlined above you may be able to identify the coins which hold the most potential.
Which coin will rise in future?
Predicting which coin will rise in the future is difficult because of the unpredictable nature of the crypto-currency market. Factors such as project development, team backing and adoption of the coin can all influence its future performance.
However, there are certain coins that are more likely to rise in the future due to their current performance and potential for growth. Some of the major coins to watch for include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
Bitcoin (BTC) is the most established cryptocurrency and despite its recent market pullback, it is still highly valuable and regarded as the most bullish buy for the long-term. Ethereum (ETH) is currently the second largest coin by market capitalization and is set to launch its Ethereum 2.
0 upgrade, which offers an array of anticipated features that could take the platform to new heights. Litecoin (LTC) is a fast, efficient, and cost-effective cryptocurrency that can be used to make payments and has the potential to reach similar popularity as Bitcoin.
And finally, Ripple (XRP) is known for its low transaction fees and quick transfer times and could be a strong contender in the payments and remittances market.
Ultimately, different coins will be more attractive to different types of investors, so it is important to do your research and analyze the coins you are interested in before investing. Keep an eye out for news, project updates, partnerships and collaborations, and don’t forget to assess the current market sentiment.
By taking a well-rounded approach, you can assess which coins are more likely to rise in the future and make an informed investment decision.
