Hi, I would like to know what the Zcash community thinks about the Pirate ARRR project: https://pirate.black/
Based on Zcash (as an Independent minable assetchain launched on Komodo) with some improvements:
-No transparent transactions
-protection against 51% attack by Komodo’s delayed Proof of Work (dPoW)
Pirate uses ZK-Snarks to shield 100% of the peer to peer transactions on the blockchain.
You can read some very interesting comparisons on Pirate Medium page: https://medium.com/piratechain/comparison/home
Do you see any cons to this approach?
I turned all my Z9 mini to that coin lately. I think it’s a great idea. But I’m just wondering if anyone can find any problem with it. Is it too good to be true?