CloakCoin provides a fast, entirely private, safe, untraceable and user-friendly transaction method with guaranteed fungibility operating 100% decentralized on low-cost consumer hardware with very little energy consumption.
What is CloakCoin (CLOAK)?
The CloakCoin is a Proof-of-Stake coin that is one of the first coins to guarantee the security of personal data and the anonymity of the transaction. CLOAK is one of the first coins to ensure the protection of personal data and the anonymity of the operation. Developers have implemented Enigma technology that allows users to mix transactions outside the blockchain room.
CloakCoin (CLOAK): History
CloakCoin was first introduced in June 2014 and reached an all-time high in Midsummer with 0.0035 BTC and a market cap value of 8 Million USD. Since then, its development, marketing, and promotions have been taken over by a highly motivated team. The project got a kick in the back in 2016 with a revised version that used Bitcoin-core based control system and the groundbreaking Enigma security system.
How Does CloakCoin (CLOAK) Work?
Cloakcoin provides a fast, entirely private, safe, untraceable and user-friendly transaction method with guaranteed fungibility operating 100% decentralized on low-cost consumer hardware with very little energy consumption. This denies the need for expensive mining hardware associated with a proof of work (PoS) mining. Cloakcoin does not require custom blockchain formats, master nodes or sub-blockchains. Cloakcoin wallets correlate to each other and CLOAKSHIELD enables them to establish a private onion routing network like TOR. On this private network, the wallets find participants to create and send ENIGMA transactions. ENIGMA produces operations that are ‘Cloaked’ by other wallets.
How To Buy CloakCoin (CLOAK)?
Buying CloakCoin is a two-step process. First, head over to Coinbase and purchase Bitcoin or Etherium which accepts debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like Bittrex/ Cryptopia/ Mercatox.
CloakCoin (CLOAK) Price Prediction 2018
CLOAK can be a profitable investment option. CloakCoin price equal to 4.978 USD at 2018-04-02. If you buy CloakCoin for 100 dollars today, you will get a total of 20.087 CLOAK. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-03-30 is 20.400 US Dollars. With a 5-year investment, the revenue is expected to be around +309.76%. Your current $100 investment may be up to $409.76 in 2022. CLOAK price today is marked as $4.978, and the market cap value is $25,742,715. The current supply is 5,112,287 CLOAK, and the volume is $317,422.