What is Cloakcoin?
What is Cloakcoin?
CloakCoin was introduced in 2014 and is one of the first concepts in the crypto market that address Bitcoin's inadequacy in offering true anonymity. By using a algorithm that provides total privacy, Cloakcoin aims to enpower people with financial data privacy, in a world that is more and more encroaching on the freedom of its population, stating real and perceived threats to national security as a reason to 'protect' its citizens.
History
Cloakcoin was born in 2014
Cloakcoin Security and Privacy Protection
CloakCoin is a pure peer to peer network without the need of any master nodes, custom blockchain formats or information stored in databases or external ledgers, like sub blockchains.
Communication between all peers is encrypted, based on a TOR like onion routing system. Your transactions are supported by a group of so called “Cloakers” who help you to obfuscate the link between the sender and the recipient of a transaction. No data is logged, no information remains that would allow any researcher to trace transactions.
