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Author Topic: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency  (Read 810695 times)
doktor1897
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January 06, 2017, 02:36:35 PM
 #5701

Here is an improved version of the cloakcoin explanation:


Why is CLOAKCOIN cool?

Cloakcoin provides a fast, fully private, secure, untraceable and user friendly transaction system with guaranteed fungibilty (all coins being equal and interchangeable) operating 100% decentralized on low-cost consumer hardware with very little energy consumption. You will soon be able to run a Cloakcoin node on a Raspberry Pi at home - silent and low priced. Our wallets are easy to install and easy to run!

How does it work?


We use proof of stake (PoS) for consensus, which means existing coins held by users are used to help secure the Cloak network. This negates the need for expensive mining hardware associated with proof of work (PoS) mining. Cloakcoin requires no master nodes, custom blockchain formats or sub-blockchains. Cloakcoin wallets connect to each other and CLOAKSHIELD enables them to establish a private onion routing network like TOR (minimum 3 hops) and on this private network the wallets find participants to create and send ENIGMA transactions. ENIGMA produces transactions that are 'Cloaked' by other wallets. This means that as well as ENIGMA senders adding their funds to the ENIGMA transaction, Cloakers also provide matching amounts, which they receive back alongside a reward for helping to Cloak the send. This means that anyone examining the transaction cannot determine who is sending and who is receiving funds.

Here a sample ENIGMA transaction: http://explorer.cloakcoin.com/tx/0ff9d024a916b6f621159b685d3e191466321afb5e5ab36040f537569e53d6f9

Imagine a scenario where many people put anonymously 10 USD notes into a pot, others take these 10 USD notes anonymously out. One of these people is the sender, one of them is the recipient. All others are “Cloakers”. That is what ENIGMA will do for you: nobody can tell who put in which 10 USD note or took it out.

Cloakshield provides a private Cloakcoin network for the exchange of encrypted messages between all Enigma nodes. It uses ECDH/RSA encryption to protect all communication required by Enigma. And, to use our previous money pot scenario, this is what Cloakshield does to cover your tracks:
You don’t throw the 10 USD into the pot yourself. You announce that you want to put 10 USD into the pot. You will receive a “secret list” of codes pointing to unknown recipients. You put the 10 USD into an envelope and stick one of the codes on it. This envelope is put into another envelope and the next code is used as address. You can repeat this up to 25 times. You hand the envelope over to the first person next to you. If the address code corresponds with his ID he opens the envelope, takes out the next envelope and passes it on. This will be repeated until the last envelope reaches its recipient. He opens it and finds the 10 USD which he throws into the pot.

If you keep your Cloakcoin wallet with your coins in it online you will earn an interest of 6% p.a. with PoS minting. If you participate as “Cloaker” for Enigma transaction you can earn a share of transaction fees.
As active ENIGMA node you will have the added bonus of getting your coins swapped during the ENIGMA process again and again.

I will keep the wallet Cloakcoin to earn interest at 6%  by the PoS minting. and want to participate as "Cloaker"

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Reply with quote  #2

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Angora
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January 07, 2017, 07:31:50 AM
 #5702

BlockExplorers not updated?
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January 07, 2017, 07:38:09 AM
 #5703

BlockExplorers not updated?

Looks to be down. I forwarded it to the team. They'll look into it soon. Thx for your patience.
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January 07, 2017, 04:00:03 PM
 #5704

No android  wallet active?
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January 07, 2017, 05:11:43 PM
 #5705

No android  wallet active?

not yet.......coming soon

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January 07, 2017, 10:55:48 PM
Last edit: January 07, 2017, 11:26:42 PM by lab rat hoax
 #5706

https://vid.me/H62V                                     https://vid.me/CF7s

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January 07, 2017, 10:59:09 PM
 #5707

BlockExplorers not updated?

Looks to be down. I forwarded it to the team. They'll look into it soon. Thx for your patience.

Im sure its no biggie and the BE will be back up and running. Are all the current fees paid for?

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January 08, 2017, 01:44:51 PM
 #5708

Buying & staking  Grin
teosanru
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January 08, 2017, 02:47:36 PM
 #5709

hello, How do I run or install cloakcoin-qt in ubuntu, I'm new to linux? thanks
alex219
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January 08, 2017, 03:08:39 PM
 #5710

can somebody explain me 1 minicloak is how many cloak??  Huh
c4shm3n (OP)
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January 08, 2017, 04:26:52 PM
 #5711

can somebody explain me 1 minicloak is how many cloak??  Huh

1 minicloak is smallest cloak unit. -> 0.01 cloak



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

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January 08, 2017, 04:30:16 PM
 #5712

hello, How do I run or install cloakcoin-qt in ubuntu, I'm new to linux? thanks

have u started it?  normaly it should be enought just to open it


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

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January 08, 2017, 05:29:14 PM
 #5713

waiting for 50k price @cloak
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January 08, 2017, 06:10:17 PM
 #5714

waiting for 50k price @cloak

To be honest i am waiting for 100k  Smiley
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January 08, 2017, 06:28:41 PM
 #5715

waiting for 50k price @cloak

To be honest i am waiting for 100k  Smiley

Guys, first will be Cloak wallet 2.0 with Enigma technology, after 50k and 100k and much more $) We need to wait a little Wink As c4shm3n said soon we will see a Cloak technology miracle! Roll Eyes
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January 08, 2017, 07:00:33 PM
 #5716

waiting for 50k price @cloak

To be honest i am waiting for 100k  Smiley

Guys, first will be Cloak wallet 2.0 with Enigma technology, after 50k and 100k and much more $) We need to wait a little Wink As c4shm3n said soon we will see a Cloak technology miracle! Roll Eyes

where c4shm3n said that cloak technology miracle? Smiley
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January 08, 2017, 07:08:27 PM
 #5717

The site does not have enough coins to pay out! No balance deducted.


the faucet is always like that or adding balance  Huh
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January 08, 2017, 07:28:04 PM
 #5718

waiting for 50k price @cloak

To be honest i am waiting for 100k  Smiley

Guys, first will be Cloak wallet 2.0 with Enigma technology, after 50k and 100k and much more $) We need to wait a little Wink As c4shm3n said soon we will see a Cloak technology miracle! Roll Eyes

where c4shm3n said that cloak technology miracle? Smiley
nowhere

   Read Our WHITEPAPER              (((   BIDIUM   )))         Pre-ICO Active  |  JOIN NOW!
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January 08, 2017, 07:32:58 PM
 #5719

waiting for 50k price @cloak

To be honest i am waiting for 100k  Smiley

Guys, first will be Cloak wallet 2.0 with Enigma technology, after 50k and 100k and much more $) We need to wait a little Wink As c4shm3n said soon we will see a Cloak technology miracle! Roll Eyes

where c4shm3n said that cloak technology miracle? Smiley
nowhere

Some years c4shm3n said word 'soon' and we need only wait a little more, and more, and more Wink Wait for real miracle!
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January 08, 2017, 08:03:23 PM
 #5720

waiting for 50k price @cloak

To be honest i am waiting for 100k  Smiley

Guys, first will be Cloak wallet 2.0 with Enigma technology, after 50k and 100k and much more $) We need to wait a little Wink As c4shm3n said soon we will see a Cloak technology miracle! Roll Eyes

where c4shm3n said that cloak technology miracle? Smiley
nowhere

Some years c4shm3n said word 'soon' and we need only wait a little more, and more, and more Wink Wait for real miracle!
miracle or no new wallet coming......let's see  tech first and then talk

   Read Our WHITEPAPER              (((   BIDIUM   )))         Pre-ICO Active  |  JOIN NOW!
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███████████ |     FACEBOOK     |      TWITTER      |     TELEGRAM     | ███████████
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