Cloakcoin (cryptocurrency)
| Cloakcoin | |
|---|---|
.png){kind=logo} Cloakcoin Logo | |
| Denominations | |
| Subunit | |
| 0.001 | mCLOAK |
| 0.000001 | μCLOAK |
| Plural | Cloaks |
| Symbol | CLOAK |
| Nickname | Cloakcoins |
| Demographics | |
| Date of introduction | June 2014; 2 years ago |
| User(s) | International |
| Issuance | |
| Administration | Decentralized |
| Valuation | |
| Inflation | 6% |
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]
References[edit]
- ↑ "Cryptocurrencies Market Capitalizations Website". coinmarketcap.com. Retrieved 6 May 2016.
- ↑ Gautham (21 November 2015). "Bitcoin Vs Anonymous Digital Currencies- A Brief Historical Comparison". Retrieved 19 October 2016.
- ↑ Pick, Leon. "What is Cloakcoin and why it gained 400% this month". Finance Magnates. Retrieved 12 May 2016.
- ↑ "CloakCoin: 'We Had to Do Everything from Scratch, Only the Name Has Stuck'". Cointelegraph.com. Allen Scott.
- ↑ "CloakCoin - Trustless Anonymous Cryptocurrency Without Master Nodes and Fully Decentralized". 17 October 2016. Retrieved 19 October 2016.
- ↑ "Cloakcoin Promises the Holy Grail of Cryptocurrency: Trustless Anonymity". DEEPDOTWEB. Retrieved 5 May 2016.
- ↑ Ciancaglini, Vincenzo. "The Deep Web: Shutdowns, New Sites, New Tools". TrendLabs Security Intelligence Blog. Retrieved 11 May 2016.
- ↑ Dollentas, Nigel. "Cloakcoin: Developer Interview". Bitcoinist. Retrieved 12 May 2016.
- ↑ Buntix, JP. "CloakCoin PoSA Update Includes Two Major Changes". Digital Money Times. Retrieved 12 May 2016.
External links[edit]
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