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What is CLOAK(CloakCoin）
CloakCoin is one of the fastest, most secure way to transact cryptocurrency using Blockchain technology and truly next-gen ENIGMA encryption to create fully private transactions, audited by the Nasdaq listed company Cognosec.
As a self-funded project with a strong social media presence, a great community and a dedicated team, we are creating awareness and educating people on how to protect their privacy in this age of surveillance capitalism since 2014.
CloakCoin ($CLOAK) offers a private payment solution. 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 an 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. In addition, some of CloakCoin's best attributes are anonymous transactions and fully auditable money supply. With a fully auditable monetary supply, CloakCoin cements its dedication to community transparency while serving as a digital equivalent to cash. CloakCoin guarantees fungibility, avoiding the chance of any coins being tainted, meaning all coins remain equal and interchangeable.
CloakCoin has been an integral part of the rapidly growing ecosystem since 2014, helping to facilitate fast, secure and private transactions. CloakCoin's private payment system is a fully working product that is still being developed and improved. The product itself and the work of the coordinators and developers are a healthy sign that the focus is placed on the expansion of partnerships and adoption.
CloakCoin had no ICO, no pre-mine and no raising of venture capital. We are the underdog of privacy coins in this ecosystem.