https://www.cloakcoin.com/en/learn-more.html
https://www.cloakcoin.com/en/news-list.html
https://www.cloakcoin.com/en/downloads.html
What is CloakCoin?
When Bitcoin was introduced in 2008 and started to herald the dawn of a new financial age it quickly developed a loyal community and opened up a wide range of opportunities for adventurous minds around the world. New markets and services evolved and many applications where introduced.
Bitcoin was initially recognized as allowing anonymous transactions across the globe and a lot of markets became based on this assumption.
It didn’t take long for people to realize that Bitcoin was not really offering true anonymity and still doesn’t do so up to this very day.
CloakCoin was one of the first digital currency concepts in the crypto market to address this inadequacy, and was introduced in 2014 with the aim of enabling people to use a coin that would provide total privacy, in a world that is more and more encroaching on the freedom of its population, stating real and perceived threats to national security as a reason to 'protect' its citizens.
CloakCoin is based on the revolutionary ’Blockchain’ concept but has added some very simple and clever layers of communication and a sophisticated off-blockchain coin mixing system making it impossible for 3rd parties to trace transactions between CloakCoin wallets.
Today CloakCoin is one of the best systems available providing private, secure, decentralized and untraceable digital monetary transactions. It is also one of the most user friendly systems and will allow anybody with a computer or a smartphone to participate in today’s digital markets.
It is not, and has never been the intention of CloakCoin to support illegal markets or activities that are associated with elements acting outside of the law. The sole purpose of CloakCoin is to give its owners the freedom that has been granted to them in many constitutions around the world and is their natural right.
Is CloakCoin secure and can it protect my privacy?
Yes, CloakCoin is secure and can protect your privacy very well. You can find detailed information on this web site how this security and privacy is generated. CloakCoin is a pure peer to peer network without the need of any master nodes, custom blockchain formats or information stored in databases or external ledgers, like sub blockchains.
Communication between all peers is encrypted, based on a TOR like onion routing system. Your transactions are supported by a group of so called “Cloakers” who help you to obfuscate the link between the sender and the recipient of a transaction. No data is logged, no information remains that would allow any researcher to trace transactions.
Very safe, easy to use and highly efficient – this is what CloakCoin is all about!
How do I hold CLOAK and what is a wallet?
Like most other digital currencies CloakCoin can be either contained in so called ’Wallets’ or in accounts offered by several exchanges or financial service providers around the world.
Wallets are programs/apps that can be downloaded onto to your computer or smartphone and will allow you to send and receive CloakCoins and enable you to participate in the PoS (Proof of Stake) consensus system that will reward you with 6% interest on the value of the CloakCoins held in your wallet.
The CloakCoin wallet will also allow you to configure your ENIGMA transactions, setting the parameters according to your privacy needs.
Could your CloakCoins be devalued by 3rd Parties? - FUNGIBILITY!
Most digital currencies, including Bitcoin, face the problem of possible devaluation by 3rd parties. An example is the Bitcoins confiscated during the investigation of Silkroad. Digital currencies usually leave a trail of breadcrumbs that can be followed which might lead to loss of value. Through CloakCoins transaction system ENIGMA CloakCoin guarantees equality and interchangeability - also called 'FUNGIBILITY'. Devaluation is therefore impossible.
Where can I get CLOAK?
Get free CloakCoins at the Faucet or buy them on an Exchange.
Read here for more informations.
Where can I use my CLOAK?
As with all other digital currencies CloakCoin can be either sold on exchanges – traded for Bitcoin or FIAT currencies - or can be used to pay or get paid for goods and services using different payment service providers. Look here for more information.
Fast Transactions
The block generation time with CloakCoin is around 60 seconds compared to 10 minutes with the Bitcoin protocol.
Private
An onion routing system has been implemented, this protects against the identification of any users involved in transactions. It is absolutely impossible for any observers to determine either the sender or the recipient of transactions.
Safe
CloakCoins are never transferred to an intermediate party during Cloaking, so coins remain safe and secure at all times.
Decentralized
Cloak incorporates Proof-of-Stake (PoS) mining, which uses held coins rather than expensive mining equipment to secure the network. This means that a Raspberry Pi is more than enough to run a CloakCoin node at home. Every running wallet is an equal part of the CloakCoin network and can earn rewards from staking and processing ENIGMA transactions.
Trustless System
No need to trust any node except yourself! All your operations are managed by your node and your coins are always safe and under your control.
Best Technology
The blockchain is not bloated with custom data or using sidechains (separate blockchains) as employed by other privacy-centric coins. CloakCoin features ENIGMA off-chain mixing to facilitate fully private, secure, untraceable and decentralized transactions.
Fungibility
CloakCoin will guarantee fungibility - all coins being equal and interchangeable!
Earn Rewards
You can use the coins held in your wallet to help secure the Cloak network by staking and earn up to 6% interest per year. You can also help process ENIGMA transactions on the cloak network to earn additional rewards.
User Friendly
Our wallet is both user friendly and easy to install. Ready to use within a few minutes with no complicated setup. Just download and click install.
https://www.cloakcoin.com/en/downloads.html
https://www.cloakcoin.com/en/partner.html
Up to now, we’ve been concentrating on our ENIGMA payment system as this forms the core of CloakCoin and provides a secure, private and untraceable transaction system on which we can build new functionality and applications. We also have a working Electrum Server implementation for CloakCoin and an Android lite-wallet that utilizes the electrum server. With these things in place, we’re now in a good position to take CloakCoin forward in some interesting new directions. In terms of what’s next, here’s a brief rundown of our current roadmap.
Open Source the CloakCoin project.
The CloakCoin project remains closed source at present. We are currently working to fully open-source the project in the very near future.
Complete libsecp256k1 integration to remove the dependency on OpenSSL.
This will also provide some considerable performance improvements for ECDSA operations, making CloakCoin faster and more efficient.
Implement HD (Hierarchical Deterministic) wallet support in Daemon/QT-wallet.
Our work-in-progress HD wallet implementation also relies on this work being completed. It should be noted that the Electrum Server and Android Wallet already fully support Electrum deterministic wallets and deterministic addresses, so this work will bring the QT-Wallet and Daemon inline with the Electrum/mobile offering.
Implement new ENIGMA mining algorithm
The ENIGMA payment system currently costs a sender 1.8% of the sent amount when sending using Enigma. This fee is used as a direct reward for ‘Cloakers’ who cooperate with the sender to ‘Cloak’ the transaction. Our new mining algorithm will negate the need for a 1.8% fee for ENIGMA, making ENIGMA free to use (while still rewarding Cloakers) and allow us to enforce the rule that all transactions on the Cloak network are cloaked by ENIGMA by default.
Create Litewallet for desktop (Linux/Win/OSX).
This will utilize the Electrum server and allow Enigma sending from litewallets without the need to download any blockchain data. In essence, this will be almost identical in functionality to the mobile clients, so this work will also open up ENIGMA sending to mobile users.
Custom applications and third-party integration
Great technology is essentially useless without a use case. To this end, we’ve already been working with BlockPay to integrate CloakCoin into their payment system. This is the first of many collaborations, which will give users the ability to use CloakCoin for purchases. With the new wallet release, anyone can use the CloakCoin daemon to send Cloak funds using Enigma, making Enigma sending available in third party applications. The addition of Electrum server support also gives us the means to integrate with something like OpenBazaar or build custom incentive-based (i.e. markets, file sharing, hosting and content streaming) systems.
Livecoin CLOAK/USD, CLOAK/EUR, CLOAK/BTC
Bittrex CLOAK/BTC
Cryptopia CLOAK/BTC
LiteBit.eu CLOAK/EUR
YoBit CLOAK/BTC
Mercatox CLOAK/BTC