Here’s the Deal
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Pirate Chain vs IOTA
When comparing Pirate Chain vs IOTA, the Slant community recommends Pirate Chain for most people. In the question“What are the best cryptocurrencies?” Pirate Chain is ranked 6th while IOTA is ranked 10th.
Specs
Based OnKomodo
ConsensusdPoW (delayed Proof of Work)
SymbolARRR
No specs yet!
Ranked in these QuestionsQuestion Ranking
Common Questions
Other Questions
No other questions
Pros
Pro Financial privacy
Pro Untraceable transactions
Zero-Knowledge Proof Blockchain.
Pro Open Source
Pro Anonymity - Coming Soon
Anonymous Transactions and messaging is on the roadmap!
Pro Fully Decentralized
Cons
No cons yet!
Con Centralized
IOTA is currently partially centralized due to its "coordinator" which is expected to be soon removed.
Con Unproven consensus mechanism
The new consensus mechanism is unproven against attack. Mana can be rented.
Con Not as Secure
It is arguably not as secure as other cryptocurrencies like NANO.