[ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency

[cloakteam]

Crypto & Privacy Education:

How CloakX Solves the Problems Plaguing Centralized Exchanges — BYOB = Private & Secure Crypto Trading



Peace & Love

Team Cloak

Crypto & Privacy Education Blog: http://bit.ly/2Ke2WX4

[Meta_Report]

https://i.imgur.com/8JgXMpk.png



https://i.imgur.com/Eo20qmv.png

DEVELOPER UPDATE JULY 2019 – RISE OF THE PHOENIX

The monthly dev update series will inform users about the progress of the development from CloakCoin

It’s been silent in terms of development, but we are back with the development updates and we have a lot to share. June was the first introduction of the partnership with Chainsulting and since then, a lot of progress regards preparation for the next milestones was made. 

First of all, the team now comprises around six developers, who are working actively on CloakCoin. Team Chainsulting will focus on the work for the wallet, codebase and the BYOB Exchange. The Cloak developer r3rcloak will also focus on the codebase and anorakthagreat on ENIGMA. 


NEXT DEVELOPMENT MILESTONES:

1. Wallet Upgrade from QT/C++ to ElectronJS/React, which will improve the loading time, simplify further development and sets the foundation for the BYOB Exchange. ElectronJS is a cross platform desktop framework, which uses JavaScript, HTML and CSS. Cloak is not the first coin to port the old QT Wallet to ElectronJS, there are several big names like VeChain, Lisk, Particl and OpenBazaar, and we will follow, very soon. (Q3)     

For everyone who is interested in looking into this cool fancy framework,  have a look at https://electronjs.org

Small sneak peek of the new frontend (made by Christian Dittmann)

https://i.imgur.com/yLZsTnO.png

2. As you know, most of CloakCoin’s current Codebase is based on Bitcoin and right now similar to Bitcoin Core 0.11, with parts of NovaCoin and Peercoin. Since 2018 the core developers r3rcloak and anorakthagreat have been working actively on the merge to a new codebase and committed a lot of code changes. Based on the amazing work from the past development and research, during the merging to bitcoin codebase 0.17, they discovered issues and problems which we will address in our further work. Right now, we focus on the wallet upgrade to build the frontend in order to support new features, which comes with the new codebase.  In the last month we done the research for possible implementation of Bitcoin-Core 0.17, BCH Codebase, PoS3 and governance functions. More about the codebase update in the next article. 

3. I think most of us read the CIP-001 (Cloak Improvement Proposal) about CloakX, from the mysterious person lazaruski, which is reminiscent of the first proposal by Satoshi Nakamoto. Anyway, even if the person wants to stay anonymous, he/she had a reason for it and lazaruski definitely choose the right coin for it, because CloakCoin cares about privacy and untraceable decentralized transactions since 2014. The idea of BYOB Exchange, short for Be Your Own Bank, was born based on the proposal. According to the plan, it will use our staking wallet structure and on it build a real decentralized exchange. We’ve arrived at a possible solution, to fix problems with current DEX and build a true one. 

https://i.imgur.com/14DklZ6.jpg

The following summaries are a part of our research, which we want to share with you.


DOA/ GOVERNANCE

There will be different roles of nodes in the new Cloak ecosystem. Escrow Nodes, Validator Nodes and Trading Nodes, which are balanced, assigned and rewarded with the same amount of Cloak. This means every node has the same functions but gets different roles balanced to the need of the network. The node owner can’t see which role he has and also the data are full encrypted between the nodes. These Nodes will be able to participate in voting and can enforce changes and improvements through direct participation in CIPs (Cloak Improvement Proposals). The code is managed by a team of core developers, of course, but in reality, they are indirectly owned by the network. They are continuously maintaining a bond of trust by acting in the community’s duty. If developers wish to propose code changes, each node has to vote on whether to accept or reject the proposed change. You don’t need to stake a specific amount but instead separate a fraction of your storage and computing power. Staking profit will be the same as before and you are able to participate on trading fees as well. Normal Wallets to trade and store cloak will be not able to participate in voting or processing fees but will be able to use the ecosystem itself.


ESCROW / DEPOSIT GUARANTEE

Escrow-Nodes ensure the integrity of a trade between parties (buyer and seller) and give a deposit guarantee. The trade will be done via atomic-swap technology, while the escrow nodes perform a distributed key generation (DKG). DKG is an encryption process in which multiple escrow nodes compute a common public key and a distributed private key. Every node that contributes to the computation of the private key knows only a part of the key, a secret share, which guarantees that the private key can only be reconstructed with the help of more than one escrow node. The process ensures the possibility of real time trades and prevent access to the funds by any 3rd party.


TRADING NODES, VALIDATOR NODES

Trading nodes store the order books, facilitate match making, secure the process of trades and process the trading fees (transaction fee for escrow release to the buyer). A validation node maps a public blockchain address to its value and confirmed in the last step, the trade and escrow process, to ensure several details such as prevention of double spending.

If you do not hold your private keys, then you do not own your coins!


DECENTRALIZATION OF BACKEND/FRONTEND

A real decentralized exchange needs a backend and frontend stored in the same way, ensuring that only via governance can changes be made. Therefore we have to implement client-side fractions reserved from the storage and computing power. Nothing of it is totally new. There are projects which have successfully done parts of it, like storj or freenet (Storage) and golem (CPU). Different coins will be possible to implement using modules (modules include: block explorer, coin id, DKG algorithm, json rpc wallet calls etc.) and need to get listed via voting.  To access the exchange you hold your own keys, with implementation of hardware wallets and as well as locally stored encrypted keystore files, with a risk assessment for beginner.

Source: https://github.com/CloakProject/codename-phoenix/issues/34


CONCLUSION

A lot of work is in front of us but these problems are possible to solve. We will be the first project to build a real decentralized exchange, with real time trading and a focus on privacy. In the future you will see a monthly development update and we’ll try to keep it as simple as possible, because most of the audience are not experts in programming and need to understand what we build. If you are a C++ Ninja, Java native speaker or you need some deeper insights into our work, follow us on Github or feel free to reach out via dev@cloakcoin.com

 Seems great this great idea of DEX but how are you going to manage the bottleneck of transactions for example by deny attacks or saturation of sales orders? Will there be the possibility of millions of transactions in foreign currencies anonymously without KYC? Will there be a risk of being in a situation of illegal users if the global framework (laws and others) becomes more widespread?

[cloakteam]

Dear Cloak Community,

The second round of the CloakCoin ENIGMA Competition is still unhacked!

We extend for another 42 days 🔥

10,000 $CLOAK - #Giveaway

🔐 http://bit.ly/2J9UF8w



Peace & Love

[Meta_Report]

https://i.imgur.com/8JgXMpk.png



https://i.imgur.com/Eo20qmv.png

DEVELOPER UPDATE JULY 2019 – RISE OF THE PHOENIX

The monthly dev update series will inform users about the progress of the development from CloakCoin

It’s been silent in terms of development, but we are back with the development updates and we have a lot to share. June was the first introduction of the partnership with Chainsulting and since then, a lot of progress regards preparation for the next milestones was made.  

First of all, the team now comprises around six developers, who are working actively on CloakCoin. Team Chainsulting will focus on the work for the wallet, codebase and the BYOB Exchange. The Cloak developer r3rcloak will also focus on the codebase and anorakthagreat on ENIGMA.  


NEXT DEVELOPMENT MILESTONES:

1. Wallet Upgrade from QT/C++ to ElectronJS/React, which will improve the loading time, simplify further development and sets the foundation for the BYOB Exchange. ElectronJS is a cross platform desktop framework, which uses JavaScript, HTML and CSS. Cloak is not the first coin to port the old QT Wallet to ElectronJS, there are several big names like VeChain, Lisk, Particl and OpenBazaar, and we will follow, very soon. (Q3)    

For everyone who is interested in looking into this cool fancy framework,  have a look at https://electronjs.org

Small sneak peek of the new frontend (made by Christian Dittmann)

https://i.imgur.com/yLZsTnO.png

2. As you know, most of CloakCoin’s current Codebase is based on Bitcoin and right now similar to Bitcoin Core 0.11, with parts of NovaCoin and Peercoin. Since 2018 the core developers r3rcloak and anorakthagreat have been working actively on the merge to a new codebase and committed a lot of code changes. Based on the amazing work from the past development and research, during the merging to bitcoin codebase 0.17, they discovered issues and problems which we will address in our further work. Right now, we focus on the wallet upgrade to build the frontend in order to support new features, which comes with the new codebase.  In the last month we done the research for possible implementation of Bitcoin-Core 0.17, BCH Codebase, PoS3 and governance functions. More about the codebase update in the next article.  

3. I think most of us read the CIP-001 (Cloak Improvement Proposal) about CloakX, from the mysterious person lazaruski, which is reminiscent of the first proposal by Satoshi Nakamoto. Anyway, even if the person wants to stay anonymous, he/she had a reason for it and lazaruski definitely choose the right coin for it, because CloakCoin cares about privacy and untraceable decentralized transactions since 2014. The idea of BYOB Exchange, short for Be Your Own Bank, was born based on the proposal. According to the plan, it will use our staking wallet structure and on it build a real decentralized exchange. We’ve arrived at a possible solution, to fix problems with current DEX and build a true one.  

https://i.imgur.com/14DklZ6.jpg

The following summaries are a part of our research, which we want to share with you.


DOA/ GOVERNANCE

There will be different roles of nodes in the new Cloak ecosystem. Escrow Nodes, Validator Nodes and Trading Nodes, which are balanced, assigned and rewarded with the same amount of Cloak. This means every node has the same functions but gets different roles balanced to the need of the network. The node owner can’t see which role he has and also the data are full encrypted between the nodes. These Nodes will be able to participate in voting and can enforce changes and improvements through direct participation in CIPs (Cloak Improvement Proposals). The code is managed by a team of core developers, of course, but in reality, they are indirectly owned by the network. They are continuously maintaining a bond of trust by acting in the community’s duty. If developers wish to propose code changes, each node has to vote on whether to accept or reject the proposed change. You don’t need to stake a specific amount but instead separate a fraction of your storage and computing power. Staking profit will be the same as before and you are able to participate on trading fees as well. Normal Wallets to trade and store cloak will be not able to participate in voting or processing fees but will be able to use the ecosystem itself.


ESCROW / DEPOSIT GUARANTEE

Escrow-Nodes ensure the integrity of a trade between parties (buyer and seller) and give a deposit guarantee. The trade will be done via atomic-swap technology, while the escrow nodes perform a distributed key generation (DKG). DKG is an encryption process in which multiple escrow nodes compute a common public key and a distributed private key. Every node that contributes to the computation of the private key knows only a part of the key, a secret share, which guarantees that the private key can only be reconstructed with the help of more than one escrow node. The process ensures the possibility of real time trades and prevent access to the funds by any 3rd party.


TRADING NODES, VALIDATOR NODES

Trading nodes store the order books, facilitate match making, secure the process of trades and process the trading fees (transaction fee for escrow release to the buyer). A validation node maps a public blockchain address to its value and confirmed in the last step, the trade and escrow process, to ensure several details such as prevention of double spending.

If you do not hold your private keys, then you do not own your coins!


DECENTRALIZATION OF BACKEND/FRONTEND

A real decentralized exchange needs a backend and frontend stored in the same way, ensuring that only via governance can changes be made. Therefore we have to implement client-side fractions reserved from the storage and computing power. Nothing of it is totally new. There are projects which have successfully done parts of it, like storj or freenet (Storage) and golem (CPU). Different coins will be possible to implement using modules (modules include: block explorer, coin id, DKG algorithm, json rpc wallet calls etc.) and need to get listed via voting.  To access the exchange you hold your own keys, with implementation of hardware wallets and as well as locally stored encrypted keystore files, with a risk assessment for beginner.

Source: https://github.com/CloakProject/codename-phoenix/issues/34


CONCLUSION

A lot of work is in front of us but these problems are possible to solve. We will be the first project to build a real decentralized exchange, with real time trading and a focus on privacy. In the future you will see a monthly development update and we’ll try to keep it as simple as possible, because most of the audience are not experts in programming and need to understand what we build. If you are a C++ Ninja, Java native speaker or you need some deeper insights into our work, follow us on Github or feel free to reach out via dev@cloakcoin.com

 Seems great this great idea of DEX but how are you going to manage the bottleneck of transactions for example by deny attacks or saturation of sales orders? Will there be the possibility of millions of transactions in foreign currencies anonymously without KYC? Will there be a risk of being in a situation of illegal users if the global framework (laws and others) becomes more widespread?

Question update :
Do you know when the Rich Communication Services (RCS) protocol, also referred to as the trade name and (technically, RCS is based on the IP protocol) will be integrated into the new CLOAK anonymous wallets?

[Buchi-88]

Any plan to list CLOAK at the new BitPanda global Exchange?

https://www.bitpanda.com/de/exchange

The make a very succesful IEO with there new Exchange Token:

https://www.bitpanda.com/en/best

[cuttie018]

I want to know who the owners are before I invest anything. Do you have real names?

[bokieie]

Do Windows users can mine? If we can then how? I dont see it in docs.

[Ferdo]

Do Windows users can mine? If we can then how? I dont see it in docs.

Cloak is not POW so it has no mining. It's a POS coin so you can stake your coins. Annual ROI is 6%. All you need to do is send your Cloak to your wallet and unlock the wallet for staking.

Here's the link to the wallet
https://www.cloakcoin.com/en/wallets

[cloakteam]

Dear Cloak Community,

We’re very proud to announce that CloakCoin is listed on Folgory exchange!

Trade BTC / EUR / USDC now!

📈 https://folgory.com



Peace & Love

[cloakteam]

Dear Cloak Community,

Good tech alone won’t cut it. People need to know that we exist in the first place. There are projects out there that are surprisingly higher ranked and have a bigger community. Why? Obviously it can´t be the tech behind those projects that in many cases has been proven worse than ours.

That's why, in addition to, of course, continuously improving our technology, we focused and worked hard on our new marketing strategy, also considering the feedback of our community.

The result of our extended research is a 30-page marketing plan. We are in the process of making changes, such as internal structure improvements, social media engagements and many more, with the goal to push this project forward and finally get the recognition it deserves.

We need to expand the reach of our brand in order to bring Cloak to the masses. But how can we reach that goal? That was one of the biggest questions we dealt with. We established our target group and looked at a lot of variables in order to form a base of their characteristics. This valuable data gives us the opportunity to reach more people and to empower them.

What to expect:

- Increase of social media engagement. The content that we share will address more specifically our target group.
- Website improvements
- Overview of crypto meetups worldwide. Community members who want to attend, will receive promo material and our social media support.
- Enrollment of an ambassadorship plan.
- Dev updates.
- Ecosystem report every two months, released on a fixed date.
- Surveys
- Community feedback will be better addressed and/or delegated
- Video content (instructional, promotional etc.)
- Giveaways to increase brand awareness and involvement in our project and use of our products.
- Articles that increase our authority.
- Increase utility (vendors, partnerships etc.)
- Keep in mind that our plan forms a base and will be reviewed, adjusted, fine tuned. Data will be analyzed and acted on accordingly.

We keep focusing on getting listed on exchanges, of course. This will remain one of our main tasks but, like you all noticed, this is not something we can always control. However, what we can control is improving our tech, growing our brand and community to increase our chances to get listed.



Make no mistake: We are motivated to the bone, we stand by and believe in our mission.

Thank you for sticking with us, your contribution is crucial.

Together we are #CloakStrong

Be free Be Cloak - BYOB

Peace & Love

     

[Flex2222]

market cap 1 million.
resulting in 20 cent per coin which is ridiculousy low in my eyes.
Big buy opportunity for me.
Just my 3 satoshis

[Duderino123]

A really interesting project. However, I've invested in the past several times. And they all screewd me. Now I don't really know if this is a real project or not:(Give us more real-world information about you guys.

Cloak has been around since 2014. What else do you need to prove that it's a "real project"? It's a fully functional coin, not just a white paper...

[AlUz]

It looks like Cloak is waking up... Buyers have some interest 

[cloakteam]

Dear Cloak Community,

The CloakCoin project made tremendous forward progress during the past couple of months!

The core team decided that our Dutch Coordinator — Iwidepiwi — is best suited to move into the role of PR & Marketing Lead. Please join us in celebrating his achievement. You can always reach out to Iwidepiwi on Twitter to offer your congratulations. 

Coordinator Report — August 2019



Peace & Love

Team Cloak

Cloak Blog: http://bit.ly/2Zz0La4

[R-J-F]

Dear Cloak Community,

The CloakCoin project made tremendous forward progress during the past couple of months!

The core team decided that our Dutch Coordinator — Iwidepiwi — is best suited to move into the role of PR & Marketing Lead. Please join us in celebrating his achievement. You can always reach out to Iwidepiwi on Twitter to offer your congratulations. 

Coordinator Report — August 2019



Peace & Love

Team Cloak

Cloak Blog: http://bit.ly/2Zz0La4

Excellent decision!

[Stakeey]

What are the differences between Cloak and Monero

[tradercouch]

Why cloakcoin detail not showing on this url

hxxps://folgory.com/coin-detail

[CookyCook72]

Why cloakcoin detail not showing on this url

hxxps://folgory.com/coin-detail

CloakCoin is an intractable crypto currency based on proof of stake that pays a lot of attention to privacy and is confidential and can be anonymous via Enigma function but remains auditable. Its steaking offers interests of 6% per year on the parts put into play (no MN masternode) to do this you must leave your Cloak parts in your wallet (https://www.cloakcoin.com/en/wallets) - create a password in your wallet and choose the option in parameter "unlock for staking only" this allows to activate the staking function, it is even possible to activate or not Enigma or even by assigning a percentage allocated [...].

Concerning the development the teams are gradually progressing and is still active they have even set up a blog to communicate regularly it is on https://www.cloakcoin.com/en/blog or this Bitcointalk place...

The devs and their partnership with Chainsulting will make it possible to set up new features including BYOB EXCHANGE FUNCTION: THE FIRST TRUE PRIVATE AND DECENTRALIZED EXCHANGE.

It also seems that several updates are coming and a new Cognosec's audit is planned for this year!

Now it remains to be seen what anonymous "liquidity" will be available via BYOB, No KYC, USD/ EUR / KWR ? Updates ? ... at what rate and also technically what system resources will be committed..... to avoid latencies and all the alleys of such a very appreciable objective?

I don't know if the devs have planned any other new additional features. Personnaly i think "The technology is thoroughly explained that means that CloakCoin is prepared to become one of the true innovators in the crypto world" is real.

[-.xXx.-]

I read your Cloak Blog link and seems very interesting Byob/CloakX would be an anonymous broker service after all.

I wonder how Cloak will "allow me to legally position myself with SEC and other financial and regulatory bodies around the world" or to declare to the tax authorities because ultimately "each purchase involves calculating the capital gain or loss".

If Cloak and its Byob/CloakX succeed in establishing itself throughout the world and being adopted globally then Cloak can be an extremely effective breakthrough technology. To do this, it will require multi-lingual communication and push to personalize the communication on each Cloak shareholder. Cloak is pronounced how in the land of the rising sun? I wonder "GOG"

Hypothesis: The logical continuation of such a deployment as Byob would be a withdrawal card or via app like the one of Coinbase / Wirex convenient to recruit new customers and attract them to a feature to pay for coffee in crypto. Charges of 0.001 would be an ultra aggressive offer, a big fuck to the banks, at the sight of billions of possible transactions would be a rocket space to other universes in the sciences of complexity both from the fundamental theoretical point of view and from the point of view of their applications to economics and foresight.

It's all about mass adoption, for it to be adopted it has to work without any latency or hiccups, for that it needs innovative features. Cloak seems to be positioning himself there.

[cloakteam]

The monthly dev update series will inform users about the progress of the development from CloakCoin

Another month has passed by and our focus for the last 30 days was with our devs at Chainsulting on the new wallet upgrade to electonJS. The other part of Cloak dev team focused on the upcoming codebase upgrade and its preparation. We also did more research on BYOB and especially the escrow and deposit guarantee functions. You will see in the upcoming dev reports more detailed descriptions about BYOB functions and we are keen to make the development progress public, as soon as we can. In the last month we also had phone calls to our office (Chainsulting), from our crowd about development updates.

Regards to that I just want to share with you, that we can only talk about public stuff which is on Github or shared via the blog article, but you are free to call us for some small talk. Seriously which other developers in crypto projects are you able to call by phone (smile). We want to show you transparency and privacy can work nicely together, and we are still a community running project, which works only with your commitments (funding, ideas, comments etc.).


MILESTONE UPDATES

WALLET UPGRADE

Let me share with you some facts and updates from the wallet upgrade. So far 2 authors have pushed 37 commits to master. On master, 425 files have changed and there have been 38,526 additions and 3 deletions. We finished the front end and also some rpc calls. The dashboard is already working and right now we need to make some changes. We will definitely finish the wallet in Q3 and then able to focus completely on the BYOB development.

Github activity August 2019



Follow our repository on Github and stay up to date: CloakProject

CODEBASE UPGRADE (CODENAME PHOENIX)

The Cloak core-developer rzr (r3rcloak) is working on the codebase update and especially is doing a lot of R&D (Research and Development). Right now it looks like a merge to bitcoin codebase 0.17 and some fractions of PoS coins, which had already done some work for us ;-). We don’t need to reinvent the wheel, will save a lot of time, which we need for our DEX. Still a lot of work in front of us but possible to solve.

Small sneak peek of the new frontend (made by @cdittmann )



CONCLUSION

The last 30 days been more a push code and hacking the keyboard until the fingers are bloody, instead of releasing something new. But we will soon be back in September with some new cool Cloak releases, to get closer to our main goal, as most used privacy tool for digital transactions. Stay tuned and follow us on Github or feel free to reach out via dev@cloakcoin.com

Peace & Love