What is CloakCoin?
CloakCoin is a decentralized cryptocurrency in competition with Monero, Zcash, Bytecoin and several others in the transaction obfuscation space. The anonymity of CLOAK coins is provided by "Enigma", a native off-chain coin mixing procedure. Any holder of CLOAK can be a part of Enigma's cloaking procedure by staking their coins since CloakCoin utilizes both PoW and PoS. Sending a hidden transaction involves sender "asking" staking nodes for help, sending the amount of CLOAK for them to mix and deliver to a recipient. Nodes are rewarded for participation (0.2% for amounts above 1000 coins and 1% for less). Nodes can decline involvement but that might result in their blacklisting by the networks DDoS protection. The communication between nodes, the creation of stealth addresses, and coin mixing, is done by "CloakShield" encryption backed by Elliptic Curve Diffie Hellman key exchange (ECDH).
|Market Name||Traded On||Average Price||24h Volume|
|CLOAK/BTC||Binance, Livecoin, Bittrex, Cryptopia, YoBit||0.00030705 BTC||$185,825|
Fundamental Cryptocurrency Data
|Circulating supply||5,192,800 CLOAK|
|Trading volume of all markets for this coin||$185,825|
|CloakCoin CLOAK Prices||
0.00 XAU (= 0.00) grams GOLD
0.14 XAG (= 3.97) grams SILVER
|Marketcap|| 1,597 BTC|
240.04 kg gold
20,201.31 kg silver