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

[Cymatoxa]

1,200 BTC VOLUME... NICE VOLUME CLOAK CAN FLY ANYTIME CROSS TO 0.0055

Yes, the amount of 1.500 is nice, but does not always keep it. Since bitcoin can now go below.

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[l33tn00b]

Upbit to the rescue. It's nice to see some solid accumulation on the Korean front.

tradercouch, all of your predictions are coming true mate. Pls keep it up! 

[cloakteam]

Dear Cloak Community,

We're proud to present the long awaited Audit Report!

The Audit done by Cognosec a NASDAQ-listed cybersecurity company has been beneficial to Cloak goals and we certainly appreciate their work.
The Security Audit shows also good public recognition of our work because this opens new doors and shows that we are a trustworthy project.
Stepping through the issues found in the Audit, 40% have already been corrected and implemented in preparation for our live release coming in the near future.



Here are the solutions from Cloak Development Team:

#1
Compromise of Anonymity is the largest issue where the sender could be determined, has been resolved.
By analyzing the transactions on the blockchain provided for by Cloak, Cognosec found it was possible to determine the amount sent by summing transactions searching for equal amounts through a method called possibility analysis. Once the amount sent was solved for, it could be determined what the sender addresses were. Based off Cognosec suggestions, we have implemented the following solution. Instead of an equally split Enigma fee, Cloaker participants receive incentives from Enigma fees which are randomly split, 80%-120%, of an equally split Enigma fee. Additionally, the transaction amount is repackaged and is then resplit 2-4 times in a way to prevent any equivalent transaction summations. This prevents using possibility analysis to determine the amount sent. Without the ability to determine the amount sent, it is not possible to determine who sent the coins. Additionally, included in this solution is resolved Problem #9 – Flawed Splitting Randomizer.

#2
Insufficient Wallet Encryption is currently under development.
Cognosec also found that even should the wallet be stolen, the coins could not be used.
The current risk is that the transaction history would be known.

#3
Random generator used without Seed is resolved.

#4, #5, #6, #7 & #8
are all based on the use of the “outdated” bitcoin release and the system libraries used for the project.
Detected DLL preloading vulnerabilities are actually OS dependent and will be mitigated by placing the needed DLLs in the protected system directories (e.g. system32 folder on Windows) when the production/release installer is created as a part of our new wallet package. Eventually, Cloak will be incorporated into source of the latest LiteCoin project, also resolving many similar issues such as this that may arise.

#9
Flawed Splitting Randomizer is resolved as discussed in the initial paragraph and shown in Figure 1.

#10
Weak Backup Methods is under consideration for future releases.

#11
Incorrect Number of Cloakers used is, as Cognosec determined, informational. Cognosec failed to recognize the sender as a participant of the Enigma transaction.
When looking through their analysis, which provides code, it can be seen that the number of participants in the software is reduced by 1, specifically.
The highlighted line in Figure 9.13, of the audit, uses the Function CreateForBroadcast with the first parameter, numParticipants – 1.
This is also described in Figure 1 where 4 Cloakers are used.
On live net, the current number of Cloakers is set to minimum of 5 and can be set by the user.
This enhances the difficulty of analyzing the transactions even further.

Feel free to read the complete Audit Report!

CloakCoin - Security Audit Report by Cognosec

Thanks Cognosec!

Peace and Love

Team Cloak

[TSVHoff]

WOW!

[deepend]

WOW!

It is a very fine report for sure.  Everyone needs to read the report and see the work that's resulted!  It's a great day for Cloak!

[yogibaer]

Awesome stuff is going on here, awesome audit report!

[Sabai_dee]

Wow !
The way the team is auditing his own coin gives me a big confidence about the seriousness of the project and the team.
It's a big flashing green light for my small stake already in CloakCoin and a obvious reason to make my stack grow in a very short future.

Congrats to the team !

[oaks05]

Congrats on the audit should help with growth this year.

[Duderino123]

Great work!👍 I wonder if there’s any other coin being that transparent...

[deepend]

Its all good and thank you.  If you look at the transactions, it is a thing of beauty.  It almost appears as though a computer is fighting a computer right now.  As if one computer wants to buy and another wants to sell.  I find it quite satisfying actually.  It appears as if one algorithm is sucking another algorithm dry.

[vinnieG]

It's such a good thing that CLOAK did this audit. On the long term this will bring confidence and trust in the tech towards the community. If this tech becomes really solid and truely anonymous, there is no central institution cabable of stopping it (as it is open source). Let this tech be the counter towards more and more central controll and governance.

[yogibaer]

Link to our Redit in the new CLOAK-Design:

https://www.reddit.com/r/Cloak_Coin/

[algreen]

The security audit is the next big step for the Cloak to become a really popular and useful crypto currency. This year I expect a lot of good news and events from the Cloak developers and, of course, a good growth!

[Nathan047]

We're proud to present the long awaited Audit Report! [...]

This is great news, I'm glad to see everything is still moving along well.

[CaptNemo]

Well done cloak team, great success after many years of work.

[lokojones]

excellent move in right direction. please dump some coins and employ more people.

[Ferdo]

Great job cloak team. Unfortunately the timing wasnt ideal since whole market is in red but you cant know these things upfront. Nevertheless, I'm sure cloak will be recognised once market starts to recover. Go cloak

[Drobek]

This is an interesting coin however I had bigger expectations from the audit. Face it, literally the only "positive" thing it mentioned was a sandwich phrase saying that the "basic mechanisms are quite robust" but after that it is all just hammering a large number of specific negative points, some of which do not correspond with the whitepaper.

I understand that lot of us hold bags but can we please be a bit more realistic and not sell this report as a great success?

[Drobek]

The decision to go through the audit was a right one. I believe it would be worthy to have a follow up after the issues pointed out in the report are addressed.

[yogibaer]

This is an interesting coin however I had bigger expectations from the audit. Face it, literally the only "positive" thing it mentioned was a sandwich phrase saying that the "basic mechanisms are quite robust" but after that it is all just hammering a large number of specific negative points, some of which do not correspond with the whitepaper.

I understand that lot of us hold bags but can we please be a bit more realistic and not sell this report as a great success?

I think you misunderstand what an audit is used for. An audit is made to find bugs in the software before it goes live! The idea behind an audit is to make a software product more secure and better. And exactly this is what the audit report did. It revealed the weak points we have to work on. And as you can see we already improved most of the findings.