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
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.