Cryptocurrency CLOAKCOIN, which targets the anon-coin market, has been taken over by a team of organizers, coders and investors, who have focused the cryptocurrency to be sophisticated tool for private, secure and untraceable transactions. There is also an effort by the team to avoid the asset being used for fraudulent actions that have given cryptocurrency markets a bad reputation previously.
The CLOAKCOIN team has implemented an off- chain peer-to-peer coin mixing arrangement called ENIGMA, covered by a TOR like onion routing system named CLOAKSHIELD. The technology introduced by CLOAKCOIN contains no master nodes, has encryption that can’t be forced and no traceability guarantees anonymity for all transactions while addressing issues like fungibility.
Based on POS Consensus algorithm, the cryptocurrency offers an interest of 6% per annum to every hot CLOAKCOIN owner. In addition, they are also eligible to a share in the network’s 1.8% transaction fee for their support towards ENIGMA transactions. CLOAKCOIN’s easy to use wallets are already available on multiple platforms, with support for more operating systems to be added soon.
Rather than a command line interface wallet, CLOAKCOIN offers GUI based wallets for all major platforms. The cryptocurrency’s price is currently stable around 0.0002 to 0.0003 BTC. The CLOAKCOIN team has forged new co-operations and partnerships with different payment services and investors. In addition, the team is also launching new updates and PR campaigns, which is hoped to push the cryptocurrency’s price further upwards in the near future.
The following releases are expected in the near future:
•Update Windows Wallet;
•Update Linux Wallet;
•Update Mac Wallet;
•New Release Mobile Wallet/HTML Wallet;
•Raspberry Pi Preconfigured Low Cost CLOAKCOIN Minting & Enigma Earning Station.