On August 29, 2018, developers from the Komodo community launched a separate asset chain using technology provided by Komodo Platform. Pirate Chain combines Delayed Proof of Work (dPoW) from Komodo, zero-knowledge proof (zk-SNARKs) transactions from ZCash, and the rule of enforced private-only transactions from Monero. Unlike other "privacy" coins with optional privacy features, Pirate (ARRR) claims to be a completely private cryptocurrency with only 'z transactions'. It utilizes ZK-Snarks technology to protect peer-to-peer transactions, resulting in the largest shielded private pool of funds among privacy coins. Pirate is secured against 51% attacks by leveraging Komodo's dPoW, which notarizes its blocks on both the Komodo and Bitcoin blockchains. Any attempt to launch a Sybil attack against Pirate would require overcoming the combined hashrates of Bitcoin, Komodo, and Pirate, which is prohibitively expensive. Pirate had a fair launch without an ICO, premine, or developer fees.