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Author Topic: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency  (Read 809045 times)
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June 14, 2019, 01:29:24 PM
 #10701


correct.
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June 14, 2019, 02:36:00 PM
 #10702


Thanks

I read this on https://github.com/CloakProject/codename-phoenix/issues/34 Is this going to be added to Cloak Development this year?

CloakX Proposal - The first truly private and decentralised exchange

The majority of cryptocurrency trading is conducted on centralised exchanges that provide hackers with a broad attack surface and are susceptible to a single point of failure. Trading privately and securely is increasingly difficult due to reliance on trusting a third party.

Centralised platforms are vulnerable to security threats and a single breach can compromise the assets of every user on an exchange. Many projects within the crypto space have attempted to address security and privacy issues with the implementation of a decentralised exchange (DEX).

Unfortunately, the majority of these DEX projects are not deployed to a decentralised network comprising enough individually distributed nodes. Nor do they implement any form of decentralised distribution of the user interface, the critical risk component when it comes to hacking attempts.

Despite widespread focus on the need for decentralised exchanges, efforts are wrought with profit seeking, centralisation, the unnecessary introduction of further cryptocurrencies, and of course, fees.

Introduction
While the value of privacy coins is dependent almost wholly on their ability to be privately spent, there are also many problems to be solved regarding how they are privately acquired.

Careful consideration has been given to Cloak’s current technology, upcoming developments and ongoing value proposition to both the wider cryptocurrency and general consumer markets.

Decentralised Exchange Overview
The proposed implementation of CloakX is a decentralised exchange network built atop proof of stake nodes, that reserve a fraction of machine resources to facilitate peer to peer trading. Considering Cloak already has over 100 staking nodes and migration to the new BTC codebase is approaching completion, the network is well positioned to accommodate a DEX interface embedded directly in the new hierarchical deterministic (HD) wallet.

Through each wallet connected to the network, a fraction of the exchange interface would be encrypted and stored in a distributed manner on each machine participating as a staking node. As CloakCoin does not incorporate masternodes, it naturally favours the decentralisation of the user interface, as well as the APIs of all supported cryptocurrencies.

CloakCoin Network Utilisation
The decentralised exchange would be supported by the existing CloakCoin network. In order to access and trade using CloakX, users need to hold a certain amount of $CLOAK within their wallet, as a specified percentage (TBA) of their total trading portfolio.

This encourages the acquisition and holding of CloakCoins. It is also inherently aligned with the inflationary properties of the coin, as the staking rewards of 6% per year provide the ‘gas’ required to incentivise further peer to peer trading on the network.

$CLOAK Cryptocurrency Innovation
One might consider $CLOAK serving a similar utility to CloakX, as exchange utility tokens to their respective exchanges, and in future their DEX implementations.

The upcoming release of the HD wallet and new BTC codebase, will very likely welcome integration with popular hardware wallets such as those offered by Ledger, Trezor and KeepKey. These will be a critical component for secure access to CloakX and the primary means of storage for assets traded on the network.

Unlike other decentralised exchanges, CloakX will not require the creation of an additional token and there will be no trading fees on the DEX whatsoever.

CloakX Development Summary
The first implementation of CloakX could welcome trading of most of the top 100 crypto assets as a Cloak-Ethereum client. To expedite development, scale quickly with demand and access IPFS without the need to manage infrastructure, Infura is the recommended solution.

Immediately enabling access to trading of ERC-20 tokens opens up the market for user adoption greatly and best of all, Infura is free. Also, as a truly private and decentralised implementation of a DEX, such as this on the CloakCoin network, legislative risks faced by centralised exchanges are mitigated.

The function of CloakX is absolutely peer to peer.


yet, the person making this proposal is still anonymous. but it looks serious and it would be huge if this project could be realized.
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June 14, 2019, 02:39:34 PM
 #10703

Thank you for activating the subtitles on the Cloak video https://www.youtube.com/watch?v=1-dVq7rL5WQ&feature=youtu.be I am now a new subscriber

Quote
CLOAKCOIN MONTHLY COORDINATOR REPORT — MAY 2019

Marketing Team20th May 2019

This year has brought some hard lessons learned, unjust treatment and radical new ideas. But more than anything it’s made us realise that we’re not in this alone. We fight for privacy against the surveillance capitalists, side by side, with the support of some incredible minds.

Most notably, our community.

A couple of weeks back, we had a new kind of coordinator meeting. One where we really took a moment to express how we’ve been feeling, what we see coming in the future and really pulling ourselves apart to see where we can improve.

An outcome of this exercise was revising the format of our coordinator reports. We went ahead and built a new ‘online workspace’ for our distributed team. We’ve been looking into refining more of our content to suit what you all want to see from us.

So here it is folks, your first ever monthly roundup from the all the coordinators in one convenient report.


JOSHUA — AUSTRALIAN COORDINATOR
G’day mates!

To really sum things up, I’ve been busy, extremely busy. For almost 18 months I’ve been working on an idea in stealth and I’ve been absolutely itching to tell the Cloak community all about it.

Pip Wallet
Some of you may have already seen the announcement. CloakCoin is coming to iOS thanks to new Pip Wallet and Windscribe partnership https://pip.cash/.


To learn more and take advantage of this announcement offer, head over to the official announcement on Telegraph https://telegra.ph/CloakCoin-is-coming-to-iOS-thanks-to-new-Pip-Wallet-and-Windscribe-partnership-05-07. We plan to launch the apps early Q4 of this year and have plenty more exciting announcements about Pip in the pipeline.


CloakX
You may have noticed a myserious proposal https://github.com/CloakProject/codename-phoenix/issues/34 on the CloakCoin Github. Turns out the anonymous author is onto something. I’ve had numerous discussions with Yannik Heinze from Chainsulting https://chainsulting.de/ who is helping bring Pip to life.

The proposal is entirely feasible and would indeed be a really interesting build. Seems this “Lazaruski” individual has pretty serious intentions, appearing to have secured the domain CloakX.io anonymously… Unless it was someone else?

I personally, would go to great lengths to see CloakX https://github.com/CloakProject/codename-phoenix/issues/34 become a reality.


AROUND THE CLOAK FORMAT
After 7 months of trials and tribulations, I’m glad to say I’ve finally settled on a format for the Around The Cloak videos that is both efficient and engaging.

https://youtu.be/1-dVq7rL5WQ

I’ve received some great feedback from the community saying they’re liking this type of video. But please let me know if you’d like to see me taking the Around The Cloak series in a different direction.


EDCON Sydney
I was very fortunate to receive a free ticket to the Ethereum developer conference. Perfect timing after reading the CloakX proposal…

Lark’s got his MOON shirt on ladies and gents!

While I was there, I met the one and only Crypto Lark. He’d flown over from New Zealand and like me, had a few beers and enjoyed the company of the Aussie crypto crowd.

https://twitter.com/satoshua/status/1118307921459200000

Young Louie knows what’s up.

Lark partnered up with Alex and the Nugget’s News team to put on a meetup after EDCON, so I went along and it was great catching up with the boys from Tasmania. Even gave Alex who recently became a Dad, a little something special for his first child, Louie.


Keep an eye on Pip Wallet
A big part of my focus moving forward is Pip, and what together with CloakCoin we can do. We’re in a great position to really make some waves, so join our Telegram https://t.me/joinchat/AAAAAFkArWZ4X06c2dhulw group so you can stay up to date!

Cheers from down under,

Joshua


ASERTIN — TURKISH COORDINATOR
Dear Cloak Family,

April 2019 was a month that I focused on blockchain education and meetups in Turkey. So Cloak Blockchain Academy Twitter account is created.

https://twitter.com/intent/follow?ref_src=twsrc%5Etfw&region=follow_link&screen_name=CloakAcademy&tw_p=followbutton

Moreover, I have published three different articles about Cloak Coin in the Turkish language.

1. Overview to CloakCoin and its Enigma.https://www.altcointurk.com/blokzincir-ve-kripto-paralar/koin-forumu/-cloak/883-cloak-enigma-sistemine-genel-bakis.html
2. CloakCoin and Enigma Tech. https://www.altcointurk.com/blokzincir-ve-kripto-paralar/koin-forumu/-cloak/866-cloak-coin-ve-enigma-teknolojisi.html
3. News about CLOAK new MacOS Wallet. https://www.altcointurk.com/blokzincir-ve-kripto-paralar/koin-forumu/-cloak/867-haber-cloakcoin-yeni-macos-cuzdani.html


Like every month, I got a chance to get together with the community at Cloak Blockchain Academy, this unique event takes place at our base each Friday which is organized by altcointurk: CryptoFriday. https://twitter.com/asertincrypto/status/1116819882237149185





Peace & Love

Asertin


IGORS — RUSSIAN COORDINATOR
Dear Cloak Community,

According to my comparison table between top privacy coins and some others projects (results can be found in my previous report) that was made in March, I decided to work on following tasks that will effectively help to develop CloakCoin (work will continue all this year):

Use cases. Continue analyzing privacy market to find the best direction for CloakCoin as anonymous cryptocurrency.
Wallet user interface. Continue my work on mobile wallets UI implementation using other wallets and personal experiences.
Awareness raising. Created an idea how to attract new users to cryptomarket (idea will be realized in mid-May and published across all CloakCoin social medias).
Other everyday works:

Translations, communication with community and exchanges, social media activities.

I will be glad to hear your suggestions and ideas for improving and further developing the CloakCoin project.

Peace and Love

Igors


IWIDEPIWI — DUTCH COORDINATOR
Hey everyone,

Another month has passed, everyone is working hard to give Cloak the recognition it deserves.

We do it all with passion for the project to create awareness on how important privacy is. Privacy is something to cherish. It is ours. We shouldn’t get exploited by big companies using our data for profits. Or by governments controlling us, stripping us of our Self-ownership . We need to be aware and try to fight these mechanisms not with force, but with kindness and intellect.

The crypto industry is a social movement, yes the game is nice: you win some you lose some. But ultimately we offer people across world the means to take control of their financial independence. Crypto knows no borders, doesn’t discriminate, crypto gives freedom to all.

Companies starting to accept Cloak in April

PureVPN https://twitter.com/cloakcoin_promo/status/1113181650538631169
IVACY https://twitter.com/cloakcoin_promo/status/1115351535729434624
BTC Adult Store https://twitter.com/cloakcoin_promo/status/1116407448527618050
HostYD https://twitter.com/cloakcoin_promo/status/1118586850992697345
Sativa Exchange https://twitter.com/cloakcoin_promo/status/1118924537570238465
The Circular Calendar https://twitter.com/cloakcoin_promo/status/1120752077112786946


In April we started a partnership with Trust.zone, an anonymous VPN to further secure your privacy. Trust.zone is also the 100th vendor we added to our vendor’s list.


https://twitter.com/cloakcoin_promo/status/1119236692064579588


Check out our vendors list https://cloakcoin.com/vendors and see where you can Pay with $Cloak not your privacy!

Shopping with CloakCoin in the Netherlands. 4 CITIES across the country. This was really fun to do. A big thanks to Luka for making the amazing pics!

 

And congratulations DiepieBUX https://twitter.com/DiepieBUX for winning the 100 $CLOAKs.

We got over 790k views on this giveaway, I am happy with that result.


https://twitter.com/iwidepiwi1/status/1119958567140851713

Much love,

Iwidepiwi


SHIBOB — VIETNAMESE COORDINATOR
Dear Cloak Community!

Last month, we continued to promote CLOAK in Crypto Vietnam Community and had several education articles.

In April 07, we attended The 4th Global Chain — 2019 Vietnam Blockchain Day http://the4thglobalchain.com/default/index.php which will be hold in Hanoi, with more than 1000 people attending. The event was co-organized by Government. I would like to send back my tweet about CLOAK Vietnam Community participating in event:


https://twitter.com/ShiBob89/status/1120664501076938758


During the event, we have met a lot of local KOLs, Vietnamese and foreign projects.

Last month, we keep translating and updating Cloak’s blogs and news to community.

Recently, there are a lot of exchanges have been expanding in Vietnam. We see this is a big chance to expanding CLOAK branding over here.

Peace & Love,

Shibob


EXSLAVE — PORTUGUESE/BRAZIL COORDINATOR
Hello community!

CloakCoin will be present at BitConf 2019 — https://www.bitconf.com.br/  the biggest crypto-event in Brazil, and a excelent opportunity to showcase CloakCoin.



So this month I prepared CloakCoin’s presence in BitConf 2019 by partenering with one of the biggest Crypto influencers — Vô Epanimondas.

Epaminondas https://www.youtube.com/channel/UCPO_MW7CJeqUpBNtzLXmLWg is one the most active voices on BlockChain awarness and education in Brazil — Partnering wish such a popular and respected figure, will surelly bring value and atention to Cloak’s image. Apart from interaction with users at the Epanimondas stand, there will be 1000 magazines distributed at the event and a full page will be presenting CloakCoin and its main features. Marketing wise there will also be t-shirts distribution and a presentation video that will be aired on Epanimondas’s youtube channel.

Contacts for reputable exchanges listings continue, and we are currently engaged in negotiations in a effort to make CloakCoin more acessible to Brazilian users.

Translations and original social media content continue to be produced. https://www.youtube.com/channel/UCPO_MW7CJeqUpBNtzLXmLWg

Peace & Love,

Exslave


RYOMIN — ITALIAN COORDINATOR
Hi Cloak family,

This month I worked to get an interview for the Project Manager lasvegas83 and developer anorak on Bitcoingarden.org and have been busy working on an educational video on how important transaction privacy is and how Cloak could solve this problem with its privacy features.

I also continued my translation work and my communication with various people inside the local and international space to bring some collaborations to a close. These take time to nurture and I’m proud to say we have made good progress.

Finally I’ve been focused on researching potential collaborations with various businesses. I created another businesses list and sent it to Ivan for the adoption plan so that we can collaborate on growing adoption further.

Thank you for the kindness and support.

Ryomin


SUMMING UP!
Thanks so much for joining us and keeping up to date with the efforts of our awesome coordinator team. Don’t forget that we are running the ENIGMA Competition where you can win 10,000 CLOAK if you crack the code.


Why Using a Privacy Coin Preserves Our Rights as Global Citizens
Big Brother's surveillance of your whereabouts is incessant and increasingly invasive. Entering public spaces within most developed countries means being on camera, like it or not. Take China, for example. For 30 days, the country's government mandated a program that scanned the faces of over 500,000 citizens to track members of a minority group.



We’re very pleased to announce that an article about ENIGMA has been published on The Startup, one of the most popular publications on Medium. They have approximately 450,000 subscribers, so it’s great exposure for the project.

Until next time, remember to Pay With Cloak, Not Your Privacy!

When the one in June is coming out?
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June 16, 2019, 04:22:54 PM
 #10704


Arabic
https://www.dev-point.com/vb/threads/663270/

More is coming


Bitcoin
1H3TWYP6G6Z1KNXjYjLMMqhXW3utHHucYu
Cloak
C4YNASYwNCkCQQmTRWRrKGTufL4om5sBFm

and More
www.dalylak.net/
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June 17, 2019, 07:07:48 AM
 #10705


Arabic
https://www.dev-point.com/vb/threads/663270/

More is coming


Bitcoin
1H3TWYP6G6Z1KNXjYjLMMqhXW3utHHucYu
Cloak
C4YNASYwNCkCQQmTRWRrKGTufL4om5sBFm

www.fazorah.com
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June 18, 2019, 01:26:19 PM
Last edit: June 18, 2019, 05:21:42 PM by cloakteam
 #10706





Crypto & Privacy Education:

Untraceable Yet Transparent - CloakCoin Invites You to Audit Our Monetary Supply



Peace & Love

Team Cloak

Crypto & Privacy Education Blog: http://bit.ly/2XS8DiS



                ,╓▄▄▄▄▄▄▄▄▄╓                
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       ,▓███▀╜,▄▄███████████▄▄,╙▀████╖      
      ▄███▀ ▄█████▀▀"``╙"▀▀█████▄ ▀███▄     
     ▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌    
    ▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌   
   ]███▌┌███▌ ▐███         ███▄ ▐███ ▐███,  
   ▐███ ▐███ .███           ███  ███▌ ███▌  
   ▐███ ▐███ '███           ███  ███▌ ███▌  
   ]███@╙███@ ▀██▌        ,▄██▌ ▐███ ▐███`  
    ▓███ ▐███▄ ╙██▀╩     9███╜ ╔███▀,███▌   
     ████,╙███▌               ▓███╜,████    
      ▀███▄ ▀╜                 ▀▀ ▄███▌     
       ╙████▄,                 ╓▄████╜      
         ╙█████▄▄╓,       ,╓▄▄█████▀        
            ▀▀█████████████████▀▀           
                '▀▀▀▀▀▀▀▀▀▀▀'

CloakCoin | CloakCoin Private, Secure, Untraceable & Decentralized Digitalcurrency |  Enigma
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June 18, 2019, 05:22:37 PM
 #10707





Crypto & Privacy Education:

How to Choose a Crypto Wallet — Hint: It’s a Matter of Personal Preference



Peace & Love

Team Cloak

Crypto & Privacy Education Blog: http://bit.ly/2XiLd9f



                ,╓▄▄▄▄▄▄▄▄▄╓                
            ╓▄█████████████████▄╖           
         ╓▄█████▀▀'▒,,,,,╠'▀▀█████▄,        
       ,▓███▀╜,▄▄███████████▄▄,╙▀████╖      
      ▄███▀ ▄█████▀▀"``╙"▀▀█████▄ ▀███▄     
     ▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌    
    ▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌   
   ]███▌┌███▌ ▐███         ███▄ ▐███ ▐███,  
   ▐███ ▐███ .███           ███  ███▌ ███▌  
   ▐███ ▐███ '███           ███  ███▌ ███▌  
   ]███@╙███@ ▀██▌        ,▄██▌ ▐███ ▐███`  
    ▓███ ▐███▄ ╙██▀╩     9███╜ ╔███▀,███▌   
     ████,╙███▌               ▓███╜,████    
      ▀███▄ ▀╜                 ▀▀ ▄███▌     
       ╙████▄,                 ╓▄████╜      
         ╙█████▄▄╓,       ,╓▄▄█████▀        
            ▀▀█████████████████▀▀           
                '▀▀▀▀▀▀▀▀▀▀▀'

CloakCoin | CloakCoin Private, Secure, Untraceable & Decentralized Digitalcurrency |  Enigma
Telegram | Bitcointalk | Twitter |   Facebook |  Steemit |  Reddit |  CloakTV |  Instagram
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June 20, 2019, 09:22:22 PM
 #10708

Nice review!! i read:

Quote
HOW TO CHOOSE A CRYPTO WALLET
Jon 18th Jun 2019 /  PAPER WALLET , CRYPTO , CLOAKCOIN , WALLET , ALTCOIN , PRIVACY , CRYPTO WALLET


Hint: It’s a Matter of Personal Preference


Choosing a digital stashbox is a lot like shopping for a new outfit. Are you going for a conspicuous look? Or are you trying to keep a low profile, not wanting to draw attention to yourself?

And, like fashion, crypto wallets serve functional purposes — that primo hoodie also keeps your torso warm.

So, the fundamental question you have to ask yourself when selecting a crypto wallet is, “what do I want it to do for me?”

When picking up different cryptocurrencies, you’ll often visit digital shopping malls — a project’s ‘wallets’ page — containing a selection of free downloads. And in this article, we’ll cover some fundamental characteristics of varying wallet styles.

Armed with the following knowledge, you can speed through checkout without having to try everything on first.

Crypto wallets fall into two basic categories — ‘hot’ and ‘cold.’
To translate those terms into blockchain-speak, ‘hot’ wallets connect to the Internet, and ‘cold’ wallets do not.

Wallets you access by logging into an online interface are fiery — for example, centralized crypto exchanges including Bittrex and Upbit.

The common thread with all hot wallets is that you don’t own the private keys. And as the saying goes, “not your keys, not your crypto.”

Cold wallets, on the other hand, are the gold-standard of crypto security. They’re not made to go online, and the most beneficial aspect of using a cold wallet is that your private keys never leave the device.

While hot wallets may be more convenient, they’re prone to hacks. And since we’re not keen on leaving our digital assets exposed, we’re sticking to crypto wallets that are icy.

A few of our favorites are listed below.



PAPER WALLETS
One of the oldest methods for accounting involves paper and in — simply writing figures down. And while one style of crypto wallet uses the same ingredients, functionality is much more futuristic.

For long-term holding, paper wallets are as cold and secure as they come. Just make deposits into the account and keep your printout safe.

Visit the CloakCoin paper wallet page to easily generate your own.

As you can see in the image above, you have only two pieces of info to worry about — your deposit address and private key.

Unlike bitcoin, you’re free to give your CloakCoin address to anyone, and they’ll never know your account’s history. Just be sure to keep your private key all to yourself.

Now, to make withdrawals, you’ll need to import your private key into a digital wallet.

And as it turns out, we make those, too.


100% anonymous transactions


SOFTWARE WALLETS
Transmitting coins with a software crypto wallet is as simple as sending an email. And unlike exchange accounts, your wallet’s private keys belong to nobody but you.

Just like our paper wallet, it’s safe to distribute your digital wallet’s Cloak address publicly.

Visit the CloakCoin wallet dowload https://paperwallet.cloakcoin.com/ page to select a crypto wallet for your favorite platform.

Windows, Mac, and Android wallets are each very intuitive. You’re already joining us here on the Internet — we’re assuming you’re comfortable downloading a small piece of software.

Pro tip: Keep your CloakCoin wallet open to improve the speed of staking rewards.
Now, if you’ve got some tech knowledge, you can set up a wallet on a StakeBox and have your wallet open 24/7 without interrupting your PC activities.

You can stash software wallets on a USB drive and only take them online as needed. And although your wallet is connected to the web as it syncs with a blockchain, compared to exchanges, you’re not a target for hacks.

By using Cloak’s Enigma-powered software, so long as your network is secure, nobody will even know you’re using cryptocurrency.

However, there’s an even stronger method of crypto security available — hardware.




Can we hope for a new listing on Binance? What did they justify anyway?

01000011 01001111 01010010 01010010 01000101 01000011 01010100
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June 20, 2019, 09:36:10 PM
 #10709

I got into CLOAK is really very fast and efficient. Just misses mass adoption and deserves to be known. By the way, when is the result of the 10,000 Cloak contest?

the deadline is today, it seems to me

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June 21, 2019, 06:57:34 AM
 #10710

I got into CLOAK is really very fast and efficient. Just misses mass adoption and deserves to be known. By the way, when is the result of the 10,000 Cloak contest?

the deadline is today, it seems to me
Ok thanks Smiley Can someone explain to me how CLOAK is better/different than Monero and Grin? What are the advantages, disadvantages would be useful ?

https://www.cloakcoin.com/en/learn/privacycoins_2019

Grin is not in this comparison.
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June 21, 2019, 10:26:20 AM
 #10711

Quote
Source from https://www.cloakcoin.com/en/learn/privacycoins_2019

COMPARING CLOAKCOIN TO THE LEADING PRIVACY COINS IN 2019

Apr 2019 /  CRYPTO , CLOAKCOIN , PRIVACY , PRIVACYCOINS , MONERO , ZCASH , DASH , FUNGIBILITY


The essence of Bitcoin, upon its conception, was to give back financial power to the masses. Banks and other monetary institutions had control over money leaving the masses at their mercy.

Bitcoin offered freedom from such institutions. However, another need arose that was equally as pressing. The requirement for private transactions.


PRIVACY NEEDS
Most people may think that they have nothing to hide.

However, safety and security concerns arise from the ease through which people can be traced and their habits discovered over the financial transactions they make.

Having never declared privacy, there was a need for privacy coins that would offer the benefits of Bitcoin while ensuring that the transactions undertaken could not be traced; thus- the creation of privacy coins.


PRIVACY COINS
Privacy coins were set up to offer privacy during transactions done via cryptocurrency through innovations that would mask crypto wallet addresses among other specific identifiers.

Private crypto coins such as CloakCoin were among the first to be introduced to the market.

The anonymity promised by these applications and the ready market for these products and services influenced innovators to come up with more privacy coins such as Zcoin, Monero, Zcash, and Dash.

The privacy coin companies were banking on their anonymity appeal to break into the cryptocurrency market. However, the privacy coins offered more than just privacy; fungibility was another advantage users would enjoy once they started transacting through privacy coins.

The following section discusses some of the privacy coins in the market.


CLOAKCOIN
CloakCoin is an all-around privacy coin. Its main engine is Enigma which is an offchain mixing system that ensures privacy is maintained in all transactions.

In as much as privacy is the goal, convenience also has to be factored in. CloakCoin has impressive speeds which are up there with its competitors.

It is ten times faster than Bitcoin, and its transaction speeds also rivals that of some of its competitors, such as Zcash.

Enigma makes all transactions carried out via CloakCoin anonymous and private. CloakCoin is arguably an industry leader when it comes to these two attributes.

CloakCoin is fully anonymous and private. CloakCoin offers a perfect balance between privacy and convenience in the privacy coin space.

CloakCoin ensures that all transactions carried out via the platform are safe.

Users are assured that every transaction they initiate will be successfully executed through the application with no third parties involved thus increasing the privacy of the platform.

Fungibility is a crucial feature in privacy coins.

CloakCoin is fungible; hence the value of the coins transacted remains the same, while transaction history remains private.


MONERO
Monero offers its unique system that ensures privacy and anonymity. Monero has robust systems; Stealth Addresses and Ring Confidential Transactions, for privacy and anonymity.

Stealth address prevents any links among addresses on the Monero Blockchain while ring signatures ensure that outputs are masked such that the original sender of the coins is unable to trace the movements of the sent coins.

Fungibility in Monero is also maintained. With fungibility users in Monero are assured that their coins retain the same value throughout their trading cycle.

Because of the lack of history, the coins are unable to be blacklisted.

Monero is on the front foot in terms of privacy as they are at the time of writing, working on Kovri, an extra layer of privacy and security in their system.

The most notable feature of Kovri is the dissociation of IP addresses from transactions which makes traceability even harder.

It is also important to note that Monero is fully decentralized and is led by volunteers.


ZCASH
Zcash uses the cryptographic privacy method “zk-SNARKs” (zero-knowledge Succinct Non-Interactive Argument of Knowledge).

This method ensures that the data sent can be verified as true without revealing the data. The technique employed is robust.

However, the challenge with Zcash is that privacy is optional; thus users have to opt-in.

Zcash is also slow compared to other privacy coins as the process of creating zero-knowledge proofs takes much time.

In terms of fungibility, it is possible for coins to be traced as Zcash only offers optional privacy.

More information on fungibility and how it applies to privacy coins such as CloakCoin can be found via the official CloakCoin wiki.

Zcash is also not fully decentralized. Zcash has some representatives that may influence the control of the platform.


INCENTIVES
CloakCoin released a native crypto coin wallet that helps in maintaining the privacy and anonymity users require.

CloakCoin’s secure crypto wallet is primarily for storing CloakCoins which can be staked yielding 6% in returns annually.

Rewards are a popular way of getting users to sign up. Zcash, Monero, and other privacy coins have their reward programs to stay as competitive in the privacy coin market.


TO CONCLUDE
Fungibility, decentralization and privacy are the key features through which privacy coins can be judged.

The higher the privacy coins score in these categories, the more likely they are to perform. All these privacy coins have their strengths and weaknesses.

Depending on the requirements of the potential user, any privacy coin may be suitable.

Based on the information provided in this article, cryptocurrency users are encouraged to make informed decisions about privacy coins and how they satisfy their individual requirements.


Thank you actually this may help people to choose but i don't see anything on the consumption CLOAK part, electrical resource...

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June 21, 2019, 07:08:15 PM
 #10712

Thank you actually this may help people to choose but i don't see anything on the consumption CLOAK part, electrical resource...


CLOAK works in POS. you can run a node on a small raspberry Pi card i. e. I have made measurements on my raspi in seed (send and receive) with a connected usb key, no keyboard or mouse, no screen and no HP either. I use it via the network connected to a 700 mA power supply on 5v, which makes 5v*0.7A = 3.5 Watts max for the B model
the device consumes between 0.9 and 1.8 watts per hour and does not undergo any significant variation.
here is what I was able to measure for the consumption:)
Advantages, low consumption and lower cost for validators. Disadvantages I don't know. I don't know. other information found https://www.cloakcoin.com/en/learn/cloak_posalliance

Great thanks for your reactivity! Practical for a cluster indeed it is a good economic advantage and useful for deploying clusters.





While browsing the information I discovered that CLOAK was quoted on FORBES in May >>>

Quote from: Roger Aitken of FORBES link=topic=https://www.forbes.com/sites/rogeraitken/2018/05/13/bitcoin-hype-aside-blockchain-for-the-public-good-comes-to-the-rescue/#260b40bf4edc

With privacy being more important than ever before, users are seeking the utmost anonymity. One cryptocurrency, CloakCoin, has embarked on providing owners with “innate financial freedom” in a simple, practical, economical and virtually instantaneous manner.

Their private, secure and untraceable payment system called ENIGMA, ensures users can transmit Cloak privately and securely to each other - with what it has claimed is reduced worry of “unwanted parties spying or hacking.”




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June 21, 2019, 07:16:57 PM
 #10713

How much do you earn from nodes per day?

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June 21, 2019, 07:38:13 PM
 #10714

How much do you earn from nodes per day?

I send you a video capture via youtube you will make your opinion Smiley

Edit: here is https://youtu.be/yGB8ONSPOZA

Enjoy !

WoW fabulous! Thank you!

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June 21, 2019, 07:49:19 PM
 #10715

I'm going in

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June 21, 2019, 08:45:32 PM
 #10716

How much do you earn from nodes per day?

it's simple maths, 6% / year of the amount you hold. each 6100 cloak stake 1 cloak / day
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June 21, 2019, 09:39:06 PM
Last edit: June 21, 2019, 09:55:15 PM by human8ty
 #10717

How much do you earn from nodes per day?

it's simple maths, 6% / year of the amount you hold. each 6100 cloak stake 1 cloak / day

@yogibaer Can you tell me how to optimize the staking options for part control via the console?

@SeamSeam https://ibb.co/T8Bs91v CLOAK from FORBES review https://www.forbes.com/sites/rogeraitken/2018/05/13/bitcoin-hype-aside-blockchain-for-the-public-good-comes-to-the-rescue/#7e58bc4d4edc

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June 22, 2019, 07:09:46 AM
 #10718

How much do you earn from nodes per day?

it's simple maths, 6% / year of the amount you hold. each 6100 cloak stake 1 cloak / day

@yogibaer Can you tell me how to optimize the staking options for part control via the console?

@SeamSeam https://ibb.co/T8Bs91v CLOAK from FORBES review https://www.forbes.com/sites/rogeraitken/2018/05/13/bitcoin-hype-aside-blockchain-for-the-public-good-comes-to-the-rescue/#7e58bc4d4edc

What do you mean optimizing? you can set reservebalance=<amount> in the cloakcoin.conf but this amount does not stake then. the most staking you get when you stake all your coins = standard
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June 22, 2019, 03:13:45 PM
Last edit: June 24, 2019, 12:59:08 PM by cloakteam
 #10719



CloakCoin Provides a Truly Private, Untraceable Alternative to More Visible Cryptocurrencies while Maintaining Interchangeability - CardRates

📰 https://bit.ly/2WWbB9Q



#CloakCoin #CloakENIGMA #CardRates #Blockchain #Privacy #Privacycoin #Altcoin #Fintech #Untraceable




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                '▀▀▀▀▀▀▀▀▀▀▀'

CloakCoin | CloakCoin Private, Secure, Untraceable & Decentralized Digitalcurrency |  Enigma
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June 30, 2019, 10:46:27 AM
 #10720

As I understand the staking is not simple math. I once heared you have to synch evert now and then. But with multiple smaller holdings in your wallet, it’s not that simple. After 1,5 years I didn’t receive close to 2%. Because  staking has a lot to do with your weight on the chain

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