Cryptocurrencies Encyclopedia

Max Supply Circulating Supply Issue Date 11 vote(s)
5,268,673 5,268,673 2014-06-03 00:00:00 UTC
Issue Price Consensus Protocol Cryptographic Algorithm
1.1319 POS X13
Source Code White Paper Website CLOAK Coin

  CloakCoin is a cryptocurrency designed to facilitate private, secure and

untraceable decentralized transfers with Enigma.

  Cloak is a dual PoW/PoS (Proof of Work, Proof of Stake) coin, which is now

in the Proof-of-Stake (interest bearing) stage.

  Enigma is CloakCoin’s private, secure and untraceable payment system,

that forms the basis of future development and provides the underlying

transaction system for the decentralized applications running on the

CloakCoin network.

  Privacy today is perhaps more important than ever. The thundering pace

of technological advancement has rapidly broadened our horizons and

connected the world like never before. Thanks to Bitcoin’s introduction in

2009, cryptocurrency is steadily moving into the mainstream and we can

now transfer digital currency securely across the globe in an instant, using

the power of the blockchain.

  As cryptocurrency adoption becomes more widespread, increased regulation

is inevitable. It remains to be seen what form this regulation will take, but

many are concerned it may be overly draconian and designed to stifle some

of the more libertarian aspects of cryptocurrency.

11 vote(s)