cloakcoin.comPrivate Secure & Untraceable Proof of Stake Cryptocurrency With 6% Staking Reward | CloakCoin | Priv

Private Secure & Untraceable Proof of Stake Cryptocurrency With 6% Staking Reward | CloakCoin | Privacycoin | Privacy | Anonymous | Decentralized | CLOAK cloak Toggle navigation Toggle navigation 8th Feb 2021 | CloakCoin Status Report on Development, Exchanges & Marketing cloak ENIGMA Challenge Blog Back News Blog Development Blog Project Back Whitepaper Security Audit Team Roadmap Wallets Learn Choose language EN ENGLISH RU РУССКИЙ ES ESPAÑOL FR FRANÇAIS DE DEUTSCH PL POLSKI IT ITALIANO PT PORTUGUÊS GR GR TR TÜRKÇE CN CN KO 한국어 JP JP VN VN ID BAHASA INDONESIA HI हिन्दी True global transaction freedom... Cloak is the fastest, most secure way to transact cryptocurrency using blockchain technology and truly next-gen ENIGMA encryption to create fully private transactions. Fly free with Cloak. Buy Cloak now! Overview CLOAK provides a more secure and private world of currency transactions Lightning-fast Experience almost instant transactions. No more waiting for slow blocktimes or network transactions to take place. Earn rewards Everyone can earn more with Cloak. 6% annual interest is rewarded for simply staking your coins in your wallet. Untraceable to you Cloak has onion-routing privacy set to default, or switch on state of the art ENIGMA for the ultimate in cloaking. Community focused We live and breathe community and rely upon active participation and volunteers to help the project. Get involved. About Unrivalled security comes as standard with Cloak Privacy Open source CloakShield utilizes end-to-end encryption and delivers secure communication out of the box, allowing nodes to circumvent traffic analysis. Combined with ENIGMA , it is the crème de la crème for privacy, utilizing up to 25 hops using symmetric RSA encryption backed by an ECDH key exchange. Open source is important to Cloak as it provides complete transparency and the ability to peer review the software. Users can have complete faith that the software is continually reviewed for bugs, tracking, malware or any other unwanted software. Usability Freedom Today Cloak offers advanced private, secure, decentralized and untraceable digital monetary transactions. User friendly, it will allow anybody with a computer or smartphone to safely participate in today’s digital currency markets with reduced worry of unwanted parties spying or hacking. The sole purpose of Cloak is to give its owners innate financial freedom in a simple, practical, economical and virtually instantaneous manner. However, it is not – and it never will be – the intention of Cloak to support illegal markets, activities or elements acting outside of the law. Key features Enhance your privacy Introducing Enigma If you need the ultimate in transaction privacy, you need ENIGMA ...a unique, advanced, private & secure transaction system from the Cloak Team allowing Cloak Coins to be sent anonymously, while avoiding the need to ’trust’ other nodes not to steal funds or leak sensitive information. 01 Initiating a request Alice wishes to send a 100% private currency transaction. In order to do this she uses the wallet to enable ENIGMA alongside CloakShield to supply an extra layer of encryption which elects a series of decentralized ENIGMA nodes to add an additional, untraceable layer of privacy. 02 Hiding transaction identity Alice’s Cloak wallet then automatically sends a request to the network for other Cloak wallets who have elected to become ENIGMA mixer nodes to obfuscate her transaction. All of this is done privately and securely throughout with no identities or true IP addresses revealed. 03 Initiating the transaction Bob has cloaking mode enabled in his wallet and the wallet generates a secure CloakShield encryption channel for communications with Alice’s wallet. Bob’s wallet sends Alice a secure connection, containing encrypted inputs and outputs to commence the transaction. 04 Signing the transaction With this confirmed, Alice, with full anonymity, creates an encrypted ENIGMA transaction containing her true inputs and outputs and Bob’s cloaking (obscured) inputs and outputs. Bob and Alice both sign the ENIGMA transaction before it is submitted to the network for inclusion into a PoS block. 05 Final rewards The transaction rewards Bob with his ENIGMA cloaking fee and outputs payment to Alice’s intended recipient. All participants remain fully anonymous and the entire process takes place without need for interaction from wallet holders – only using participants who have elected to do so in order to earn additional rewards. Benefits Rewards and circulation Earn from PoS (Staking) +6%p.a. CloakCoin is a pure proof-of-stake (PoS) cryptocurrency that offers an interest of 6% per annum on staked coins. Should they wish, users are also eligible to a share in the network’s linear fee from 0.2% (1000 coins) to 1% (0 coins) fee for their support towards ENIGMA transactions. It’s more energy efficient than mining and it’s easy to earn more Cloak by simply placing coins in your wallet. Limited circulation Cloak is designed to be a rarity and is such limited in supply, offering excellent potential to currency holders. Increasing circulating supply is minimal, raised by a theoretical maximum of 6% p.a. in line with rewards. Typically, this is a much lower % in reality, so the coin does not suffer from over-inflation and remains a scarce commodity. Staking Rewards Calculator How many CloakCoin do you have? Your current holdings value: ALL TIME HIGH (DEC 2017, 36 $) Daily Earnings: CLOAK Weekly Earnings: CLOAK Monthly Earnings: CLOAK Yearly Earnings: CLOAK Specification Compare Cloak Bitcoin Zcash Cloak Monero Dash Consensus algorithm PoW PoW PoS PoW PoW Reward No No 6% p.a. No 5.75% p.a. Earn interest No No Everyone No Masternode only Blocktime 600 sec 12 sec 60 sec 120 sec 120 sec True anonymity No ? Yes ? No Open Source Yes Yes Yes Yes Yes Auditable coin supply Yes No Yes No Yes Circulating supply 18.6m Unable to determine 5.5m Unable to determine 9.9m Cloak Consensus algorithm PoS Reward 6% p.a. Earn interest Everyone Blocktime 60 sec True anonymity Yes Open Source Yes Auditable coin supply Yes Circulating supply 5.5m Monero Consensus algorithm PoW Reward No Earn interest No Blocktime 120 sec True anonymity ? Open Source Yes Auditable coin supply No Circulating supply Unable to determine Dash Consensus algorithm PoW Reward 5.75% p.a. Earn interest Masternode only Blocktime 120 sec True anonymity No Open Source Yes Auditable coin supply Yes Circulating supply 9.9m Bitcoin Consensus algorithm PoW Reward No Earn interest No Blocktime 600 sec True anonymity No Open Source Yes Auditable coin supply Yes Circulating supply 18.6m Zcash Consensus algorithm PoW Reward No Earn interest No Blocktime 150 sec True anonymity ? Open Source Yes Auditable coin supply No Circulating supply Unable to determine Latest news Blog Status Report Monday, February 08, 2021 CloakCoin Status Report on Dev… Dear Cloak Community, It has been a while since our last update and we have been very busy with planning the new strategy for CloakCoin to be competitive on the market. This year has possibly been … Read More Exchange Listing Friday, August 21, 2020 CloakCoin is now available for… Dear CLOAK Community, We’re very proud to announce that CloakCoin is now available on BitUBU exchange! CLOAK/BTC CLOAK/UBU We’d like to extend warm thanks to BitUBU exchange for supporting CLOAK a… Read More Development Tuesday, July 07, 2020 CloakCoin Developer Report - J… Dear Cloak Community, In this CloakCoin Developer Report, we want to inform you about our Codebase review from our new developer. We listened to the community and found a dev for Cloak who is wil… Read More Read All Latest tweets 5 | 10 RT @iwidepiwi1: Privacy in blockchain and crypto is a major concern for users, study reveals https://t.co/BXTKXkzMVC via @cointelegraph More.. 10 | 19 We’re proud to announce that @covecrypto an online shop for crypto clothing & accessories accepts @CloakCoin...