WHAT IS THE ARRR TOKEN? WHAT IS PIRATE CHAIN?
Privacy is a scarce commodity in today's digital world, thanks to the vast amount of data collected by every website you visit or app you use. While companies continue to monetize user data by collecting and sharing it, they also expose users to various cyber threats posed by hackers and governments looking to watch their citizens' every move.
Web users have constantly been exposed to the risk of their private and financial data being compromised and used for nefarious purposes. In such a scenario, the need for a secure payment system is one of the many requirements. Bitcoin and other cryptocurrencies offer a somewhat secure payment method, but some are pseudonymous or partially anonymous at best. Many times, it has been shown that on-chain transaction data, along with other parameters, can be used to identify the parties to a transaction with considerable accuracy.
Pirate Chain (ARRR) Token What is it and how to buy it?
This article will talk about Pirate Chain (ARRR) Token, an exciting project about which there is little information. In this article, we will give it to you. We will also explain how to buy ARRR Token in a simple way.
What is Pirate Chain?
Pirate Chain is a digital privacy currency created on August 29, 2018. The goal was simple: to create a completely anonymous, secure, untraceable cryptocurrency and keep those who transact with it anonymously. Developers of various cryptocurrencies came together to create Pirate Chain and show the world that it's not only possible but necessary. Government agencies and blockchain analysts have demonstrated that Bitcoin and all other "privacy" cryptocurrencies can be tracked. Data can be taken from them to determine who uses these coins, how much they spend, and who they transact with. On the other hand, Pirate Chain has none of these problems, as it uses military-grade encryption and delayed proof-of-work to make it the most secure and anonymous cryptocurrency in the world.
How Pirate Chain works:
Written into Pirate Chain's code is a vast treasure chest (pun intended) of cryptocurrency scoops, along with a secure way to prevent hostile attacks on the Chain and maintain the privacy of user transaction data. Pirate Chain does not leak transaction metadata, allowing each transaction to remain private. Proof of this is given in the block explorer (where you can see transactions occurring. All cryptocurrencies have one). When you view the block explorer, you will notice that transactions occur, but the addresses they are sent from are not there, the lessons they are sent to are not there, and the transaction amount is not shown, only the transaction fee. This is one of many tests that reveal to users that their data is secure and private.
Pirate Chain mining works very similar to how Bitcoin mining works. The key difference between them is that Pirate Chain mining is private, which does not allow anyone to see how much was mined per address in the block explorer. This will enable users to feel confident that no data will be compromised whether they transact with others, mining, or buy things. In addition, no one can see how much you have in your wallet or trace anything back to you. In short, it works exactly how privacy should work - what's yours is yours, and no one but you sees it.
How to buy Pirate Chain (ARRR) Token With Gate.io?
The first thing we have to do is to create an account in Gate.io if we don't have one, so here is the link: Gate.io registration.
STEP 1 TO BUY Pirate Chain (ARRR) Token:
The first thing to do is to register with Gate.io if you are not already, so here is the registration link: GATE.io Registration
Once we are registered and verified, we have to buy USDT to exchange it for ARRR Token, and as you can't believe it with a card on Gate.io.
To buy USDT on Binance, we will use the same method as buying ETH in the uni swap tutorial, but we accept USDT instead of ETH.
STEP 2 TO BUY Pirate Chain (ARRR) Token:
Once we have our USDT, we have to transfer them to Gate.io, and for that, we have to go to our Gate.io Wallet and click on "Deposit" to deposit the USDT.
Clicking on "Deposit" will take us to the next page, where we have to select the currency we want to deposit (USDT) and choose the TRON network.
We copy the address, go to the Exchange where we have the USDT and give to withdraw; we have to paste the address we copied before and choose the amount to withdraw.
And ready after a while, we will have our USDT in Gate.io.
STEP 3 TO BUY Pirate Chain (ARRR) Token:
Now we have to enter Gate.io, click on the marketplace, and click on "Professional."
We have to search for "ARRR" in the search engine and select the "ARRR/USDT" pair.
Once you click on "ARRR," go to the bottom right and enter the amount of ARR you want to exchange for USDT.
We click on buy, and that's it; we already have it in our Gate.io Wallet.
A hard choice to ignore
Pirate Chain has come a long way over the past few years to create a full-fledged cryptocurrency ecosystem. The use of zk-SNARK's latest Sapling MPC update streamlines all ARRR transactions without compromising privacy. It also makes ARRR compatible with point-of-sale (PoS) systems, hardware wallets, mobile wallets with simple payment verification technology (z-SPV). ARRR is also listed on some major exchanges, and numerous companies have already started accepting the Pirate Chain cryptocurrency as a form of payment.
Today, with ARRR, users can expect to execute wholly private and anonymous transactions. A luxury that guarantees peace of mind by ensuring that your personal and financial information is not in the hands of those planning to make a quick buck or snooping under the guise of protecting the interests of a community or country just because they can.