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

[cloakteam]

Dear Cloak Community,

It has been a while since our last update and we have been very busy with planning the new strategy for CloakCoin to be competitive on the market. This year has possibly been the strangest year in our lifetime, due to COVID-19. But we are very optimistic that 2021 is going to be a much better year and we are happy to make CloakCoin one of the most advanced cryptocurrencies on the privacy market.


DEVELOPMENT

As we already announced in previous development updates the codebase upgrade has been already started. Now, we are happy to inform you that the code base upgrade to v0.17.0.1 is now fully funded thanks to the core team and long-term Cloak supporters. Our developer has already resumed the task and we estimate this to be finalized in 8-10 weeks from now on.

The original CloakCoin codebase is based on an outdated version of Bitcoin and it will require portions of code to be refactored and rewritten to bring a lot more stability, security, and testing. We strive to be fully transparent about the progress and publish a report every second week.

What sort of possibilities are there with the new Codebase upgrade?

- Atomic swaps
- Integration on decentralized exchanges
- Integration on multi wallets
- Governance system
- More stability and performance

We are also looking into the Defi markets and planning how we could get CloakCoin integrated and benefit most from it. Among other things, we have also thought about offering ENIGMA on the Ethereum chain. Unfortunately, this is not an easy task and almost impossible to implement. This also applies to other blockchains. ENIGMA only works with the best-operating conditions on our CloakCoin blockchain. Atomic Swaps is the solution to connect CloakCoin to other chains.

EXCHANGES

Unfortunately, the Livecoin hack also affected CloakCoin's liquidity. We always recommend to hold your coins on our desktop wallet. We are carefully selecting to be listed on legit exchanges with long term potential. Since our current focus is now on development, we focus more on decentralized exchanges and see this as the future for privacy.

The recent weeks showed an attack on privacy in the delisting waves of centralized exchanges. Privacy will be an issue on centralized exchanges. We strongly believe that decentralized exchanges, atomic swaps, and steady development are the keys to survival. In the short term, we propose to get listed on another potential centralized exchange and focus on the upgrade of the codebase.


MARKETING

We started to work with a big advertising agency and will spread the message of CloakCoin via email marketing to potential crypto investors. We also partnered with Blockidex a crypto community platform to get also more exposure. We approached influencers and got their inquiries which we will accept as soon as possible. We will also focus on new vendors to increase the adoption and offer Giveaways to attract new investors to our social media channels.

We thank you all for sticking with us together. If we all put our hands together, we can get everything done!

We will keep you up to date!

We are CloakStrong!



Team Cloak

[Ferdo]

Lol, the team predicts that dexes are the future. No shit sherlock. We've known and suggested that 3 years ago and we urged to get the codebase upgrade done. One community member even did a dex proposal. The team nonetheless decided to spend $1m on binance listing instead of development

[SuperBro]

Lol, the team predicts that dexes are the future. No shit sherlock. We've known and suggested that 3 years ago and we urged to get the codebase upgrade done. One community member even did a dex proposal. The team nonetheless decided to spend $1m on binance listing instead of development

Did Binance refund that $1M at least after they delisted?

[Ferdo]

Lol, the team predicts that dexes are the future. No shit sherlock. We've known and suggested that 3 years ago and we urged to get the codebase upgrade done. One community member even did a dex proposal. The team nonetheless decided to spend $1m on binance listing instead of development

Did Binance refund that $1M at least after they delisted?

They do not pay refunds for delistings

[SuperBro]

Lol, the team predicts that dexes are the future. No shit sherlock. We've known and suggested that 3 years ago and we urged to get the codebase upgrade done. One community member even did a dex proposal. The team nonetheless decided to spend $1m on binance listing instead of development

Did Binance refund that $1M at least after they delisted?

They do not pay refunds for delistings

What a waste of 1 million!

[enhu]

Lol, the team predicts that dexes are the future. No shit sherlock. We've known and suggested that 3 years ago and we urged to get the codebase upgrade done. One community member even did a dex proposal. The team nonetheless decided to spend $1m on binance listing instead of development

Did Binance refund that $1M at least after they delisted?

They do not pay refunds for delistings

What a waste of 1 million!

Truly a waste of money and we have not heard of Binance ever refunded after delisting. If it isn't really delisted, this could be one of the coin that already pumped higher than the defi tokens.

Maybe the team can try adding Cloak to the top DEX https://coinmarketcap.com/rankings/exchanges/dex/ like nash exchange, Birake and vitex. There ones where it is now listed are not very known. Maybe one will be willing to buy at yobit but normally that exchange don't update its blockchain that is why we can't withdraw there.

[cloakteam]

Dear Cloak Community,

In this CloakCoin Developer Report, we want to inform you about the current status of our project and the development progress. With detailed updates, we strive to be fully transparent about the progress.

CURRENT STATUS OVERVIEW

There are multiple branches and suggestions about CloakCoin and BitcoinCore. We can finally confirm that we have been starting from 0.17.1 to Bitcoin 0.21.0.

WHY WE CHOOSE 0.21.0 OVER 0.17.1?

Basically, our latest Cloak 0.17.1 rebase was not finished at that time and still needs a lot of effort. Even ENIGMA Engine v1.2 and stealth addresses are not integrated. After an intensive review of the current Cloak Codebase 0.17.1, we noticed that it is more advantageous to update to 0.21.0 to ensure the latest technological status. Among other things, BitcoinCore v0.21.0 offers new features, various bug fixes and more performance. Notable changes such as updates in the P2P network, RPCs, and Wallet. Also, security and performance factors have been updated like in consensus, policy, mining, block, and transaction handling.

Check the latest Bitcoin Core release notes here: https://bitcoincore.org/en/releases/0.21.0

WHAT IS THE PLAN?

Originally, we targeted to rebase from Bitcoin 0.21.0 and add the latest Phoenix update which synced in 0.17.cloak commits to our new 0.21.0 branch to make sure it compiles first.

This is heavy work and required manually validate all commits because a lot of functions and files have already been changed and replace even removed from 0.21.0. Once we finish moving all commits to 0.21.0, we will need to make sure it compiles and syncing the daemon properly. After that, we will need to make sure if it can connect to another new client, and check if it can connect to the other old/current clients, and make sure if it can receive/sync the blocks from them.

There is a new branch on Github and you can check every development activity. Furthermore, Anorak checks and monitors all changes on Github.

Detailed progress (codebase upgrade):

- Base off from Bitcoin core 0.21.0 (success to compile and launch)

- Daemon now syncs up to block 8779 [#=5ca1568f775e46440d52471f1af7dc6dd6a69c965157ded45457182234315c5f]

- Header verification fails due to CheckPoW failing for PoS block headers. This can probably be addressed using checkpoints as the PoW mining period has now ended.

- There is an issue with peers being banned for sending duplicate headers. This may well only manifest when syncing with older [legacy] peers, but should be addressed if possible, to provide for as smooth a launch as possible.

- EvalScript (via VerifyScript) sometimes fails due to the script stack completing evaluation with a [false] return value present on the stack. This also causes peers to be banned and should be resolved.

- Merge Sync/PoS changes

- Resolve secp256k1_ecdsa_verify issue with TX validation

Github:

https://github.com/CloakProject/codename-phoenix/pull/50
https://github.com/CloakProject/codename-phoenix/pull/49
https://github.com/CloakProject/codename-phoenix/pull/48

SUMMARY AND OUTLOOK

Basically, we have succeeded to migrate around 2/9 of PRs from the latest 0.17.cloak and hoping to finalize all migration in the next few weeks. There aren´t any technical barriers. It´s just taking time due to some functions and files replaced, changed or updated in the new Bitcoin Core. Furthermore, time is needed to investigate and test all functions manually.

Thank you

[cloakteam]

Dear Cloak Community,

In this CloakCoin Developer Report, we want to inform you about the current status of our project and the development progress. With detailed updates, we strive to be fully transparent about the progress.

Detailed progress (Bitcoin Core v0.21.0 Codebase Upgrade):

Check prefix and update: c70bfc3

Change COIN&CENT values to match bitcoin, adjust coindayweight calculation: abbfc4d

Fix regtest working: 6a46c7e

Add proper genesis & merkle root hash for regtest: c90bda4

Remove warnings for compile: 77d59a7

Getcoinstake improve: 8809b9b

Refactor and update configuration: 59e4087

Code refactor and build run: 810ba16

Compile without errors: 20a1192

Update testnet port to match current client: 4649e50

Move GetCoinAge code to PoS.cpp: edb5abc

Fixes and refactoring: 128b020

Move GetCoinAge methods to pos.cpp to make them context insensitive: 5fd8d57

Remove obsolete KnapsackSolverStaking method: 198c6fb

Tidying: a7eecd8

Fix up CBlock::GetCoinAge: 8e5b78c

Consensus rule for MAX_BLOCK_SERIALIZED_SIZE has also been updated to match the existing Cloak codebase value: c30332f

GetCoinAge (CTransaction) progress: ec29122

Add GitCoinAge placeholders: 8dd78ed

Fix some FeeRate and CreateCoinStake issues: a7e0e0b

More staking changes: 432ef7c

More CreateCoinStake work and fixing up related test compiler issue: 5db243b
 
More CreateCoinStake work: f2c18c0

CreateCoinStake progress: 3483b88

CreateCoinStake progress: 724b1a2

Start fleshing out CreateCoinStake: 5c56822

More staking progress: e380ac9

Squash commit: 25cfe3a

Update some Cloak/BTC references: 71f5454

Add Cloak references: be75d75

Resolve secp256k1_ecdsa_verify issue with TX validation: 8806e08

More proof-of-stake code and minor refactoring: 58b2566

Fix GetStakeModifierChecksum and removed unwanted uint256 arith extensions: ad37d7a

Add crypto/hmac_sha512.h to src/Makefile.am: 937041a

Fix nProofOfWorkLimit and nProofOfStakeLimit consensus values for mainnet: 73daa61

Add more proof-of-stake code and re-add canHandlePoSHeaders logic: 90750ea

Fix some sync issues: 5aa90a6

Stake modifier work: 63bba49

Stake modifier work: c8e1daf

Add X13 crypto sources to makefile: c5c2338

Update chainparams: e762b6d

Update version.h: 1de3eec

Update block, transaction and uint256 (add uint512): 749652f

Add PoS placeholder and params. Update clientversion: 850f5c6

Update PoW check to ignore genesis block: 687bc08

Fix up fees and block extra connections when using connect: 1a00326

Update CBlockIndex for PoS. Fix coinbase maturity in consensus rules: 40b2167

Multi-line: b840689

Add Enigma annoucement message skeleton and Fix up PoW validation: 1a85d7c

SUMMARY AND OUTLOOK

There aren't any technical barriers at the moment.
Anorak is also focused on the codebase and helping with compiling.
Your patience and support are something the Team very much appreciates.
We are moving CloakCoin forward and everything is going well.
We are glad to announce some amazing development steps in the near future and are very excited about where the future is taking us.

Stay along for the ride.

[Ferdo]

Ded?

[ermak3]

No, all is fine - https://app.stex.com/en/basic-trade/pair/BTC/CLOAK 

[Ferdo]

No, all is fine - https://app.stex.com/en/basic-trade/pair/BTC/CLOAK 

Lol, wouldn't be suprised if the team was behind the pump

I seriously doubt people are joining stex and doing kyc to buy a privacy coin and let alone Cloak

Buy side of the order book is so thin you couldn't even sell a medium stack without pushing the price right back where it was

[republicrypto]

Ded?

no its still alive buddy,
follow the twitter of cloakcoin , and you will get the latest updates from this project buddy
https://twitter.com/cloakcoin_promo/status/1386713900251549699
regards

[cloakteam]

Dear Cloak Community,

In this CloakCoin Developer Report, we want to inform you about the current status of our project and the development progress. We strive to be fully transparent about the progress with detailed updates.

As you might have noticed, Decentralized Finance (DeFi) has taken the crypto world by storm that’s why we are very happy to announce a wrapped version of CloakCoin (wCLOAK) on the Binance Smart Chain (BSC) soon. Launching a wrapped version of CloakCoin allows us to bring the value of CloakCoin, to the booming world of Defi and the BSC eco-system.

What is a wrapped token?

A wrapped token is an asset hosted on another blockchain. The price of the wrapped token always equals the price of the original asset. Technically this is solved through an underlying smart contract or by being backed in a deposit one-to-one. In our case wCLOAK represents a BEP-20 token on the Binance Smart Chain (BSC).


What is the Binance Smart Chain



Binance Smart Chain (BSC) is a blockchain that runs parallel to the Binance Chain. Unlike Binance main Chain where BNB is hosted, BSC offers smart contract functionality and is also compatible with the Ethereum Virtual Machine (EVM). This for example offers the possibility to connect with your Metamask to the BSC network.


wCLOAK & BSC



The wrapped token of CloakCoin can help to boost the liquidity and can be integrated on every decentralized exchange (KYC free) on various networks. Our first step is to offer a bridge to the Defi eco-system on the BSC and help CloakCoin users to explore the exciting Defi world. The Binance Smart Chain (BSC) has established itself to a serious competition to the Ethereum Network. The transaction costs on the BSC are way lower and has seen a steady growing adoption in the last months. We also exploring opportunities to connect to other interesting Ecosystems like Ethereum, Solana, and more.


Status wCLOAK & BSC



The development of wCLOAK and the BSC bridge is moving forward nicely. We finished with the wrapped token and the landing/bridge page to connect with Metamask to the BSC network. Some smart contracts for the gateway have to still be written. After that, a unit test and security audit will finalize the process.

Enclosed you find a video about the current state:




Status Codebase Upgrade



After the Easter break, the development work continued on the codebase update. There is more effort needed to complete the rebase than originally anticipated. 150+ compile errors were fixed, with now only a dozen left to debug and handle differences. When the current code compiles, the priority is making sure the daemon can connect to the existing network and sync the blocks properly via headers.

Further work on fully implementing staking, signatures, and transactions will follow. Enigma will be the last piece, due to all the pre-requisites necessary for it to function. There has been an issue identified with the v3 wallet, regarding handling the initial/bootstrap file download, due to increased blockchain size. This will be fixed soon as well, for better UX of users that choose our Electron over Qt client.

Unfortunately, there have been some attempted intrusions to various accounts of our team members. As far as we know, nothing is at risk at the moment. This targeting only gives us more steam to move forward and validates that we're doing something right, otherwise we wouldn't be interesting to these actors.

We will move ahead with our plans - finish up codebase transition, PoS re-implementation, and Enigma engine integration, followed by additions/requirements for atomic swaps.


Summary

A big thank you to the community for believing in the project and your patience while we complete all these big milestones. Besides the clear focus on development, we are constantly looking for new exchanges to improve the reach and liquidity.

Hence, we are a community project, each of you Cloakers is automatically a part of this awesome project. Therefore, we ask you to be more active than ever before. Every social media activity helps us to spread the word now.

We have great opportunities with our unique technology and there is a great upwards potential ahead of us. Privacy becoming more and more important and we will not be intimidated or back down in our efforts to bring privacy and anonymous transactions into the crypto sphere. We're very confident that all development steps will open new doors for the project.

Thank you and stay tuned for further updates and announcements.

Peace & Love

Team Cloak

[DaMut]

Is it really hard to create a wrapped BEP-20 or ERC-20 based token?
I mean you can imitate Tornado cash for ERC-20 and Lightening cash for example for BEP-20 which is basically the same for both of them and mainly focused on privacy.
man, it is so sad to see you like this now.
I hope the team can launch it as soon as possible to gain ground in this Defi market before everything ends.

[Ferdo]

Is it really hard to create a wrapped BEP-20 or ERC-20 based token?
I mean you can imitate Tornado cash for ERC-20 and Lightening cash for example for BEP-20 which is basically the same for both of them and mainly focused on privacy.
man, it is so sad to see you like this now.
I hope the team can launch it as soon as possible to gain ground in this Defi market before everything ends.

The 'team' is usually few years late on everything that is happening in crypto. Dex was proposed couple of years ago and now when you have dosens of dexes they are gonna pursue it. Now they are going to pursue defi cause of the defi hype which will end until they finish it. I think they made every mistake that they could have made since the last leadership left. Sad state of affairs

I still hold a large bag as I am 90% down. New investors should stay away from this project. It is not a scam per se but just a coin that has had bad leadership for years now. Plenty of other projects out there that are not borderline scams

[DaMut]

The 'team' is usually few years late on everything that is happening in crypto. Dex was proposed couple of years ago and now when you have dosens of dexes they are gonna pursue it. Now they are going to pursue defi cause of the defi hype which will end until they finish it. I think they made every mistake that they could have made since the last leadership left. Sad state of affairs

I still hold a large bag as I am 90% down. New investors should stay away from this project. It is not a scam per se but just a coin that has had bad leadership for years now. Plenty of other projects out there that are not borderline scams

Oh I did not know about the change in their leadership, as you said it does not look good as an investment for now but outside that it works as intended.
hopefully there will be some big changes happening in the near future, if not this is going to be hard or even impossible for them to gain ground in the market.
people are slowly forgetting about its existence, not to mention there are a lot of impatient investor flowing in because of the hype in NFT and Defi.

[cloakteam]

Dear Cloak Community,

We’re very proud to announce that CloakCoin is now available on Dex-Trade



ABOUT DEX-TRADE

Since 2018, Dex-Trade is a centralized crypto exchange based in United Kingdom. Dex-Trade describes itself as a cryptocurrency trading platform with low commissions. It offers a host of order types to help traders manage different scenarios. Dex-Trade aims to provide a secure, reliable, and stable environment for digital assets trading through its mobile application and web interface.

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

Peace & Love

Team CLOAK

[R-J-F]

Dear Cloak Community,

We’re very proud to announce that CloakCoin is now available on Dex-Trade



ABOUT DEX-TRADE

Since 2018, Dex-Trade is a centralized crypto exchange based in United Kingdom. Dex-Trade describes itself as a cryptocurrency trading platform with low commissions. It offers a host of order types to help traders manage different scenarios. Dex-Trade aims to provide a secure, reliable, and stable environment for digital assets trading through its mobile application and web interface.

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

Peace & Love

Team CLOAK

Glad to see CLOAK still going strong. What development plans do you have for the near future?

[Ferdo]

Dear Cloak Community,

We’re very proud to announce that CloakCoin is now available on Dex-Trade



ABOUT DEX-TRADE

Since 2018, Dex-Trade is a centralized crypto exchange based in United Kingdom. Dex-Trade describes itself as a cryptocurrency trading platform with low commissions. It offers a host of order types to help traders manage different scenarios. Dex-Trade aims to provide a secure, reliable, and stable environment for digital assets trading through its mobile application and web interface.

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

Peace & Love

Team CLOAK

Glad to see CLOAK still going strong. What development plans do you have for the near future?

Going strong might be an overstatement

Not much going on Github. We might see some bigger updates in 2030 seeing how the development has been going so far

Cloak team just recently came to the conclusion that DEFI is gonna be a thing. They are one of the best teams out there when it comes to making poor decisions and predictions

Nothing changed here, they are still using 'overannounce, underdeliver an deceive as many people as you can' tactics

I really do not know how do they get up in the morning, look themselves in the mirror and keep doing the same thing they have for years now. Guess they do not have intelect to see these things which would make sense seeing what a shitshow this project has become

[Ferdo]

No development update for May?