Features

Privacy & Anonimity

One of Bitcoin's biggest imperfections for users that seek privacy is Bitcoin's pseudo-anonymity. Through analysis of bitcoin's unencrypted network it is possible to trace back, from the public blockchain, the parties involved in a bitcoin transaction. Cloakcoin solves the problem of linkable adresses with the Enigma trustless consensus protocol and to improve security the Cloakshield infrastructure provides various layers of encryption on all network communications.

Speed

The blockgeneration time of CloakCoin is 60 seconds. Bitcoin needs 10 min for one block, but Bitcoin's network has become so congested it sometimes takes hours to confirm a block even paying high transaction fees.

After 4 minutes a CloakCoin transaction is completly done with a typical transaction fee of 0,01 CLOAKS.