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Cloakcoin to Allow Truly Anonymous Transaction using ENIGMA - NEWSBTC 01/24/2018

1,031 views · Published 24 January 2018 · 2:46 · Indexed 25 October 2026

Channel: NEWSBTC · 2018 · People & Blogs

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It’s https://www.investdiva.com/ Kiana with News BTC and here is your cryptocurrency update. While the large-cap cryptocurrencies try to erase last week’s losses, today I’d like to take a look at a cryptocurrency way down in the bottom, ranking 203 on the list, called CloakCoin. The reason why I’m bringing it up is that its technology appears to be certified allowing truly anonymous transactions. Categorized under “privacy coins”, Cloakcoin uses the next generation Enigma encryption to create fully private transactions. According to their website, 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 CloakCoin network. Some of the features they are aiming for include lightning fast transactions, rewards program, and untraceability. Whether you mine or purchase Cloakcoins, you’ll earn 6% annual interest just for staking the coins in your wallet.  And the reason why they call the coin Cloak, is apparently because it has onion-routing privacy set to default, but you can also switch on ENIGMA for the ultimate cloaking. Cloakcoin has quietly been hidden in development for 3 years, with developers working to get it to the ‘fully working product’ stage. Therefore, not many in the market know about it nor has it gotten much media attention. Despite this, Cloak/USD hasn’t been immune from the cryptocurrency market volatility. After reaching the all-time high of 37.86 in December 2017, it saw similar pullbacks to those of other cryptocurrencies such as Bitcoin, currently being supported at the 61% Fibonacci retracement level of $14.74, while it has confirmed below the daily Ichimoku cloud.  Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.

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