What you thought was a real privacy initiative in the cryptocurrency space may not be all it was cracked up to be. The false perceptions of on-chain privacy are indeed blatently aparent.
Here’s an excellent presentation by Ian Miers, a graduate student under the Johns Hopkins University professor Matthew D. Green, developer of Zcash. He speaks to the inefficiencies and misrepresentations that many privacy coin advocates rely on to articulate their project features. This is a well timed release of information and everyone who wishes to adopt some kind of privacy in this cryptocurrency ecosystem needs to watch this.
NOTE: Zcash was the first Zerocash based cryptocurrency which began development in 2013. It utilizes succinct non-interactive zero-knowledge arguments of knowledge, better known as zk-SNARKs. This is the technology that underpins Pirate (ARRR). Unlike all other iterations of zk-SNARKs, Pirate (ARRR) forcibly sheilds every transaction ensuring zero meta-data. This allows for complete on-chain anonymity.