CloakCoin (CLOAK)

CloakCoin Price (CLOAK). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio.

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Description

CloakCoin (CLOAK) is an X13 crypto coin that is attempting to introduce anonymity features via exchanges. The team has a core set of four developers workig to implement these attributes. The PoW block reward is a flat 496 coins and will stop after seven days where PoS takes precedence at 6% per annum. There was no premine and the block time is set to 60 seconds.

 Cloak is the fastest, most secure way to transact cryptocurrency using blockchain technology and truly next-gen ENIGMA encryption to create fully private transactions. ... Everyone can earn more with Cloak. 6% annual interest is rewarded for simply staking your coins in your wallet.

CloakCoin is a cryptocurrency that’s designed to facilitate anonymous and decentralized transfers. CloakCoin develops its own secure privacy protocol called ENIGMA. It enables private, and anonymous monetary transactions all over the world without compromising blockchain auditability. Anyone can participate in this digital system, and only a smartphone or computer is required.
CloakCoin first came onto the scene in the year 2014 and it uses the POS consensus protocol.
CloakCoin is based on blockchain technology using the same concept as Bitcoin, but with a few new changes. There has been an addition of encrypted layers of communication and a off-blockchain coin mixing system that provides high security and makes it impossible for third parties to trace any sort of private transaction between CloakCoin wallets.

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