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

[bct_ail]

I just tested the latest wallet 3.x.x really nice interface, but why those wallets are taking so much processor use? all cloak wallets use between 20-30% of my CPU after all chain is downloaded?

Facing the same problem since last year (Version 2.x.x). Have already asked for a better version. No response since then. So I canceled staking.

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[So_good__]

  

  Happy Holidays to the community and the Cloak Team

[mirador17]

I just tested the latest wallet 3.x.x really nice interface, but why those wallets are taking so much processor use? all cloak wallets use between 20-30% of my CPU after all chain is downloaded?

Facing the same problem since last year (Version 2.x.x). Have already asked for a better version. No response since then. So I canceled staking.

This problem has long been known about several versions, but apparently they are unable to fix it. 

[cloakteam]

 
Dear CLOAK Community,

After a long search, we finally have some good news for you!
We created a temporary donation page. The page will be graphically improved soon since our web developer is a bit busy at the moment. The most important thing is that the donation function works and we can accept your contributions.

https://www.cloakcoin.com/donate

The other good news is that we have found a new developer who is ready to upgrade the codebase. Our new dev studied computer science and has 10+ years of experience in Java, Python, JavaScript, Golang, Solidity, C++ / C# who looks forward to working with us.

Github profile: https://github.com/iMiracleDev

The costs will be around $1000 per week!
(35hr/week, full-time job)
The exact number of how many hours it takes to finish the codebase is still uncertain.

We will work transparently with your donations and will publish the progress every Monday! Keep in mind that we can solely update when we receive enough funds to pay our new dev who will give us his progress update.

Every contribution counts and is pushing CloakCoin forward!
We will keep you updated!

Thank you

[Do_zzze]

Wow Cloak is now on Coinbase Commerce



https://commerce.coinbase.com/

[CookyCook72]

Wow Cloak is now on Coinbase Commerce

https://i.ibb.co/Bt7xFy7/Capture-Cloak-Coinbase.jpg

https://commerce.coinbase.com/

that's good news for Cloak 🚀

[Pipasol]

Here are the latest communications from Team Cloak https://www.cloakcoin.com/en/blog

[Pipasol]

Dear CLOAK Community,
After a long search, we finally have some good news for you! ......

check https://www.i-programmer.info/news/90-tools/11767-bayou-ai-to-help-you-code.html

[lasvegas83]

Dear CLOAK Community,

I would like to give you a little pre-update on the current status of the development.

Our new developer is making good progress and has started the last week to work on the codebase upgrade. We will announce a complete analytical report on Monday which contains all information about the time frame and estimate.

We are happy to show you how efficient work is being already done on the codebase.







Every activity is documented on Hubstaff a trusted and transparent time tracking platform for developers.

Unfortunately, we received only a few donations. Keep in mind that we can solely update when we receive enough funds to pay the development. We hope that we can keep this pace and see a bright future for CloakCoin.

https://cloakcoin.com/donate

Every contribution counts and is pushing CloakCoin forward!

Thank you

lasvegas83

[cloakteam]

Dear CLOAK Community,

In this CloakCoin Developer Report, we want to inform you about our Codebase review from our new developer.
We listened to the community and found a dev for Cloak who is willing to work full-time for CloakCoin.
As mentioned before, we are asking the community for donations to boost the dev pace.
With weekly detailed updates, we strive to be fully transparent about the progress.

TECHNICAL ANALYTICS DOCUMENT

Github Repo: https://github.com/CloakProject/codename-phoenix

CURRENT STATUS OVERVIEW

CloakCoin & Bitcoin Codebase

There are multiple branches and suggestions for the Bitcoin Codebase. The most latest and updated branch is 0.17.cloak as viewable in the commits and reviewing source code. CloakCoin has to integrate to the branch 0.17 for further improvements and updates.
Additionally, the current code base (0.17.cloak) has also to be refactored and updated from Bitcoin 0.17

CloakCoin: https://github.com/CloakProject/codename-phoenix/tree/0.17.cloak



Bitcoin: https://github.com/bitcoin/bitcoin/commits/0.17



So far, the current code base is still not rebased by Bitcoin 0.17 and we need to perform this upgrade as the first highest priority.

The last code update included:

- resolving block hoarding mechanism by non-splitting stake txs
- changes in Sync/Pos functionality after rebase to 0.17.0.1
- refactoring of the consensus modules





ENIGMA

ENIGMA was not implemented yet and still has some issues when connecting to other nodes and syncing the blockchain.


ROADMAP INCLUDING MILESTONES:

The estimated timespan for the completion will be 5 months.

Timeline for each scope of work:


#1 Review of the Codebase including development proposal

Accomplished!

Worked hours: 2 weeks - $2.520 (not paid)


#2 Bitcoin 0.17.0.1 upgrade

Cloak: https://github.com/CloakProject/codename-phoenix/tree/0.17.cloak
Bitcoin: https://github.com/bitcoin/bitcoin/tree/0.17

Estimate: 8 weeks (~$8.000)


#3 Migrate Consensus / Mining (PoW / PoS) as used in Cloak

Consensus: https://github.com/CloakProject/codename-phoenix/tree/0.17.cloak/src/consensus

Estimate: 3 weeks (~$3.000)


#4 Implement ENIGMA functionality

ENIGMA: https://github.com/CloakProject/CloakCoin/tree/master/src/enigma
ENIGMA Enabled Nodes, Tracking ENIGMA Cloaking Nodes, ENIGMA Transaction

Estimate: 4 weeks (~$4.000)


#5 Implement CloakShield functionality

CloakShield: Generating Shared Encryption Key, CloakShield Data, CloakShield Onion Routing, Onion Routing Analogy

Estimate: 4 weeks (~$4.000)


#6 Enable Stealth Address Support

Node to Node communication

Estimate: 4 weeks (~$4.000)


The total amount for all the milestones is ~$25.520


REVIEW MILESTONE #1

In the last two weeks, the developer worked on reviewing the current status and progress of the codebase upgrade.

Working hours: 84h x $30 = $2.520



The developer will make detailed and transparent weekly reports by using developer blogs once code work will start. This is very important that all community members can track the progress of the development process / related cost and can see the results of donations regularly.


DETAILS MILESTONE #2

Original CloakCoin Codebase was based on an outdated version of Bitcoin and it will require large portions of code to be refactored and rewritten to bring a lot more stability, security, and testing capability.

Scope of work:

-Bug Fixing on the current code base and running properly (2 weeks)
    - Compile properly for the existing code base
    - Connection checking for clients
    - Clients can sync the blockchain from new or old clients
    - Check if the new client can create and validate PoS blocks
- Continue to finish the upgrade to 0.17.0.1 (6 weeks)

The developer will make detailed and transparent weekly reports by using developer blogs once code work will start.
This is very important that all community members can track the progress of the development process / related cost and can see the results of donations regularly.


DONATION STATUS

Additional note:

We also received donations on the old BTC & CLOAK addresses. Of course, we will transfer the funds to the development pot, too.
Please only use the donation buttons below.

BTC (old): https://www.blockchain.com/btc/address/3D5AnLBxWiXa57WLqkrxqutFR78hvpfiTn
CLOAK (old): https://chainz.cryptoid.info/cloak/address.dws?C1duJ8ZLrFKAufv7pKmi6YfMnfjpdZxF7j.htm



Current Bitcoin Balance: 0.00721 BTC



Current CloakCoin Balance: 248.75 CLOAK

We want to thank you for the donations so far, if we all put our hands together, we can get this done!

Please donate here: https://cloakcoin.com/donate

Peace and Love

Team Cloak

[cloakteam]

 
Dear CLOAK Community,

Please vote for CloakCoin to getting listed on Sistemkoin Exchange!

✅ Register: https://bit.ly/2Cq70Uh
✅ Verify your Account
✅ Vote for $CLOAK

Once CloakCoin is listed on Sistemkoin, 2.500 $CLOAK will be distributed evenly among all users!



Peace & Love

Team Cloak

[Do_zzze]

Thank you for your news, it's a pleasure to read that Cloak continues on its way and is constantly evolving since 2014 Do you know when the next security audit will take place is it finally 2020 or 2021?

[Do_zzze]

Cloak coin is a crypto currency allowing anonymity thanks to its mixing function enigma and cloakshield. Impossible to trace a transaction.

Banks should adopt privacy coins to protect their customers[/size]

On August 3, Coin Center submitted comments to the Office of the Comptroller of the Currency on the digital activities of the National Bank and the Federal Savings Association https://www.coincenter.org/comments-to-the-office-of-the-comptroller-of-the-currency-on-national-bank-and-federal-savings-association-digital-activities/
These comments suggest that banks should embrace privacy exhibits rather than fight them:

"We argue that banks should not only be able to use untrusted mixing technology (cloakcoin) or enhanced cryptography for privacy (zcash / cloak / monero), but that they may be forced to do so in order to protect the privacy of their customers."

I fully agree with your analysis, Cloak coin is still the best major crypto-currency preserving privacy just like Monero but with a different but open-source technology. Cloak is really useful but is not very well known that's a fact, maybe with a partnership or specific support then that will change?

[cryptonx]

Did you know you can buy $CLOAK on InstaSwap with your credit card? InstaSwap provides also a modern service that you can use to exchange cryptocurrency & fiat in a fast, secure & cheap way!
https://twitter.com/cloakcoin_promo/status/1294651936529055744

[Kingoamn]

So it has been awful quiet from Cloakcoin.

Is this finally the dead coming to this project?

I've read some on the comments in the chat and I am indeed amazed how this team has proceed in the past.

From the comments the listing to Binance has had a cost of over 1 million USD. I know this is from the team and a few investors on pockets as this is a self-funded project but really. How could the mangement been willing to put up such a huge amount of money without a facelift of the old wallet, been able to run on a raspi without troubles, problems with the blockchain (errors) in general etc.

This has to be the ultimate proof of lacking management in this project - Spending money on listings where it could be used on the product itself.

The only real vocal core-member, Yogibear, even seems to have left the project. A guy that every day helped and guided people in the community is no longer to be found. That might also be something for new people to think about.


For all who thinks of investing in Cloakcoin - Just don't.

It has for years not been able to make any remarkable progress, ofc also due to lack of money, but indeed also lack of solid management and strategy.

[Ferdo]

So it has been awful quiet from Cloakcoin.

Is this finally the dead coming to this project?

I've read some on the comments in the chat and I am indeed amazed how this team has proceed in the past.

From the comments the listing to Binance has had a cost of over 1 million USD. I know this is from the team and a few investors on pockets as this is a self-funded project but really. How could the mangement been willing to put up such a huge amount of money without a facelift of the old wallet, been able to run on a raspi without troubles, problems with the blockchain (errors) in general etc.

This has to be the ultimate proof of lacking management in this project - Spending money on listings where it could be used on the product itself.

The only real vocal core-member, Yogibear, even seems to have left the project. A guy that every day helped and guided people in the community is no longer to be found. That might also be something for new people to think about.


For all who thinks of investing in Cloakcoin - Just don't.

It has for years not been able to make any remarkable progress, ofc also due to lack of money, but indeed also lack of solid management and strategy.

Agree with everything you said. Yogi was the only one who was not over promising and under delivering and was the only person who was down to earth. And he seems to be gone for months with not much explanation.

Paying Binance 1 million USD while the community was constantly asking for development is totally unprofessional and amateurish. And the devs they hired over the years pretty much did nothing. And now they are asking for donations cause they can't pay the one dev who actually did some work. It doesn't get worse than this.

Although I still have some Cloak as there is no liquidity to sell, I really think that Cloak deserves to be this low and I can only be angry at myself for ignoring all the red flags in the past several years

[Kang TB]

Where purchase real-world items with Cloakcoin?
here is the List of vendors accepting cryptocurrency Cloakcoin https://www.cloakcoin.com/en/vendors

[cloakteam]

 
Dear CLOAK Community,

We’re very proud to announce that CloakCoin is now available on BitUBU exchange!

Trade now:

CLOAK/BTC
CLOAK/UBU



We’d like to extend warm thanks to BitUBU exchange for supporting CLOAK and look forward to get more attention in the crypto market.

Peace & Love

Team CLOAK

[krisnajsadrak]

 
Dear CLOAK Community,

We’re very proud to announce that CloakCoin is now available on BitUBU exchange!

Trade now:

CLOAK/BTC
CLOAK/UBU

- skip -

We’d like to extend warm thanks to BitUBU exchange for supporting CLOAK and look forward to get more attention in the crypto market.

Peace & Love

Team CLOAK

good!! just read an official announcement from Bitubu, congrats for cloakcointeam and supporters
https://bitubu.com/blogs/bitubu-listed-cloakcoin-cloak

[Ferdo]

Gonna try again asking few questions as the team claims to be one of the most transparent teams out there:

1. Where are the so called devs Anorak & Deepend
2. Where is the community manager Yogi
3. What happened to turkish community and turkish coordinator Asertin
4. The team stated few months ago that Raizor will be contacted to see if he is willing to come back. Has this been done and what was his response
5. Can the team bring back cashman as it seems that he cloak flourished the most with him in the lead
6. When can we expect bugs of both wallet (QT & GUI) to be fixed
7. Is the new dev planing on staying or this is just another paid dev which will leave just as Chainsulting. Is it possible for the community to ask a new dev few questions regarding the quality of the code and future plans
8. What is the current progress with the Bittrex relisting besides "we are in contact with bittrex and the lawyers" as we have been hearing that for more than a year
9. How much funds does the team have left as it seems that 25k must be donated or no further development will be done
10. Is there any reasonable explanation why has the team spent more than $1 million for Binance listing which could have been used for development which has been stagnant for years

Detailed answers would be appreciated