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Cloakcoin (cryptocurrency)

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Cloakcoin
Cloakcoin Logo (170x159).png
Cloakcoin Logo
Denominations
Subunit
 0.001mCLOAK
 0.000001μCLOAK
PluralCloaks
SymbolCLOAK
NicknameCloakcoins
Demographics
Date of introductionJune 2014; 2 years ago
User(s)International
Issuance
AdministrationDecentralized
Valuation
Inflation6%

Cloakcoin (CLOAK)[1] is a cryptocurrency launched in 2014, that focuses on anonymous[2], untraceable, decentralized transactions using a tecnology called PoSA (Proof of Stake Anonymity)[3]. Cloakcoin is now lead by Cashmen ("c4shm3n") after the original team abandoned the project in october 2014.[4] The first PoSA enabled wallet was released on the 30th march 2016.[5]

PoSA[edit]

PoSA (Proof of Stake Anonymity) is a trustless-Anonymous transaction system.[6]
Transaction requests are scrambled between various open wallets[7], Cloakcoin has no masternodes, Cloaks are sent without the need to 'trust' masternode operators, each open wallet within the Cloak network acts has a node.[8][9]

Specifications[edit]

  • Total coins: 4.5 million
  • Transaction time: 30 seconds
  • Hash algorithm: X13
  • No pre-mine or IPO
  • PoS reward: 6%
  • PoS minimum stake age: 3 hours
  • PoS maximum age: unlimited
  • Block time: 60 seconds
  • Anonymity: PoSA & Cloakshield

Exchanges[edit]

BitTrex
YoBit
Livecoin

References[edit]

  1. "Cryptocurrencies Market Capitalizations Website". coinmarketcap.com. Retrieved 6 May 2016.
  2. Gautham (21 November 2015). "Bitcoin Vs Anonymous Digital Currencies- A Brief Historical Comparison". Retrieved 19 October 2016.
  3. Pick, Leon. "What is Cloakcoin and why it gained 400% this month". Finance Magnates. Retrieved 12 May 2016.
  4. "CloakCoin: 'We Had to Do Everything from Scratch, Only the Name Has Stuck'". Cointelegraph.com. Allen Scott.
  5. "CloakCoin - Trustless Anonymous Cryptocurrency Without Master Nodes and Fully Decentralized". 17 October 2016. Retrieved 19 October 2016.
  6. "Cloakcoin Promises the Holy Grail of Cryptocurrency: Trustless Anonymity". DEEPDOTWEB. Retrieved 5 May 2016.
  7. Ciancaglini, Vincenzo. "The Deep Web: Shutdowns, New Sites, New Tools". TrendLabs Security Intelligence Blog. Retrieved 11 May 2016.
  8. Dollentas, Nigel. "Cloakcoin: Developer Interview". Bitcoinist. Retrieved 12 May 2016.
  9. Buntix, JP. "CloakCoin PoSA Update Includes Two Major Changes". Digital Money Times. Retrieved 12 May 2016.

External links[edit]

Cloakcoin official website.


This article "Cloakcoin (cryptocurrency)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Cloakcoin (cryptocurrency). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


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