Pirate Chain (ARRR)
Pirate Chain ranks #94 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #576: 482 of the 575 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 582 non-native assets CoinSpectrum lists above it by market cap, about 50% are tokens, 42% are claims on other assets, 8% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 71/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #94 |
| Rank counting claims | #576 |
| Market capitalisation | $34M |
| Price | $0.1709 |
| Circulating supply | 196,213,798 ARRR |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | Equihash (privacy) |
| Own hashrate | 3.32 MH/s |
| Network purpose | Private payments |
| Ledger type | Single-asset ledger |
| Launch distribution | No premine |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 71 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 64 to 74 (A to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 10 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 8.1 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 9 | no fixed maximum; 196 million in circulation |
| Distribution | 10 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 10 | Fair launch: no premine |
| Fundraising (share sold) (Source) | 10 | No sale of the coin |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners who produce blocks |
| Decentralisation | 6.7 | average of 3 parts |
| Governance (Source) | 0 | An authority can halt the chain or freeze funds: In Oct 2026 the developers had exchanges and pools pause and shipped a mandatory release that discards the chain built on ~39.8M unbacked ARRR, first announced as a unilateral rollback. source |
| No central team (Source) | 10 | No central team: A small community team of volunteer developers maintains PirateNetwork/pirate (a Komodo-based fork); no company or foundation. source |
| Who can mint (Source) | 10 | Open to anyone with hardware: anyone can produce blocks by mining, no permission needed |
| Nodes (Source) | – | Not yet counted |
| Security | 5.8 | 3.5 of 6 points, 2 not yet measured source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | – | |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 1 | about 531 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 5.7 | own work 5; about 11 kW, 0.7 of 5; 0.010% of its algorithm's largest, not scored |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Oct 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 5.5 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00002 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 1.4 | about 14 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.4 | a block every 1 minute |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 9.7 | 2 MB limit, 20 MB per 10 minutes |
| Features (3 checks) | 0 | 0 of 2 passed, 1 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | One-minute blocks with Komodo dPoW notarisation every ~10 minutes; no protected zero-confirmation. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | Pruning support for pirated was not documented in its releases. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | Pirate lite wallets use the lightwalletd model of ZIP 307, which trusts the server for the best chain; no shipped wallet verifies headers. |
| Privacy | 9.6 | 9.6 of 10: whitepaper privacy 7 of 7, extra features 2.6 of 3 source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can generate keys and receive and send coins; the consensus rules carry no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 10 | Coins are separate unspent outputs: a payment spends whole outputs and sends the change to a new address, so the coins in one wallet need not share a history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | 10 | ZIP 32 diversified shielded addresses from one incoming viewing key, on every payment |
| Hidden amounts (Amounts confidential) | 10 | zk-SNARK shielded (Sapling) transactions are mandatory since transparent sends were disabled; the Ironwood fork (6.0.x, Oct 2026) adds a Halo 2 shielded pool. |
| Hidden parties (Sender and receiver hidden) | 10 | Shielded notes hide sender and receiver via zero-knowledge proofs and shielded addresses for every transaction. |
| Network privacy (Origin hidden by default) | 0 | The Komodo-derived pirated node uses Tor only through user-configured proxy settings; no Dandelion-style relay appears in its releases. |
| Programmability | 3.8 | 3 of 8 points, 1 not yet researched source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts (Scripting for spending conditions) | 1 | Shielded-only Komodo chain; transparent outputs are invalid except notary outputs and, since notary season 6, a P2SH output with its redeem script revealed, funded from Sapling (the ZHTLC route). |
| Multisig and time locks (Without a third party) | – | Not established: general transparent multisig use is barred by the private-chain rule, and only the narrow revealed-redeem-script P2SH exception remains. |
| Atomic swaps (With other chains) | ✓ | The revealed-redeem-script P2SH exception carries Komodo's ZHTLC swaps; ARRR is swap-enabled (protocol ZHTLC) in the Komodo coin list. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: Komodo DeFi. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | Komodo dPoW notarisation writes checkpoints elsewhere but carries no messages or assets. |
| NFTs (Carried by the chain's rules) | ✗ | Launched without CryptoConditions token modules; outputs carry only ARRR. |
| Demand | 4.2 | average of 7 measures |
| Exchanges (10 or more: 10) | 3 | 3 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 3.1 | $334,290 traded in 24 hours; #1021 by volume on the exchanges the site reads (scored on the median day of the last 30, $364,447) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.1 | 0.91% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 2.2 | $1,544 within 2% of the price on 2 exchanges, 0.00% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 3.8 | $34M, 3.8 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 10 | no futures, options or margin on the exchanges read |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 7.7 | average of 3 criteria |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-05-22, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 7 | 4 positive, 1 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 411 commits in 12 of the last 12 months (github.com/PirateNetwork/pirate); PirateNetwork/pirate v6.0.14, 2026-10-21 (mandatory security release 6.0.10 in Oct 2026); 7 releases in 24 months. |
| Shipped a security fix in two years, +1 | ✓ | Pirate 5.9.3, Jun 2025: DoS security patch and fix for CVE-2024-52911; 6.0.14, Oct 2026: fixed the two validation flaws behind the 14 Oct 2026 counterfeit-ARRR exploit (with rollback). |
| Shipped a privacy improvement in two years, +1 | ✓ | Ironwood hard fork (6.0.x), activated 3 Oct 2026: new Halo 2-based shielded address type, funds movable from Sapling. |
| Exploit of the chain, 2026-10-14, flaw fixed (the security fix above) | ✓ | Two validation flaws in the new Ironwood upgrade let an attacker mint about 39.8M unbacked ARRR (about 20% of supply); mandatory release 6.0.10 rejects the invalid transactions and later releases checkpoint the restart at fork point 4,176,944. analyticsinsight.net github.com github.com |
| Negative | ||
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in Pirate Chain v6.0.14-b14db80. bitcoincore.org github.com github.com |
| Unsourced, not counted | ||
| Unfixed vulnerability, disclosed 2024-07-03 (unsourced, not counted) | – | CVE-2024-52914: crafted orphan transactions can stall the node for hours in the uninterruptible orphan-resolution loop; still in Pirate Chain v6.0.14-b14db80. |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2026-10-14 | ✗ | After two Ironwood validation flaws let ~39.8M unbacked ARRR (~20% of supply) be minted, the team asked exchanges and pools to pause and shipped mandatory consensus release 6.0.10 that rejects the invalid blocks, so nodes discard the chain built on them (a unilateral rollback was first announced, then replaced by this coordinated fork). analyticsinsight.net kucoin.com github.com |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
DigiByte DGBA+
Nervos Network CKBA
Verge XVG
Siacoin SCAAll Proof of Work chains →Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
TRON TRXA
Hyperliquid HYPEB
Cardano ADAA
NEAR Protocol NEARAAll Proof of Stake chains →Supply
196,213,798 ARRR are in circulation, against no fixed cap — issuance has no defined end.
How it was launched
No premine. No premine, no founder allocation, no public sale — the chain started empty and every coin was earned through mining or validating.
The work behind it
Pirate Chain is secured by 3.32 MH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.
What a regulator has said
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Pirate Chain
Pirate Chain is #94 among cryptocurrencies and #576 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 482 places between Pirate Chain's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).