CloakCoin: ‘We Had to Do Everything from Scratch, Only the Name Has Stuck’
CoinTelegraph spoke with Cloak team member Cashmen about overcoming the initial pump and dump by the original team, resurrecting CloakCoin, transitioning from proof-of-work mining to proof-of-stake, and its upcoming "PoSA3" release. In mid-2014, the first wave of cryptocurrencies similar to bitcoin but with improved anonymization features came on the market. CLOAK or CloakCoin, was one of the first and most promising projects. The price of cloak shot up reaching nearly US$6 million in market capitalization and a price of US$11.5 dollars per cloak. “[In] the Cloak community remained only....
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CloakCoin, a privacy-centric altcoin launched in 2014, has announced a “major overhaul and reconstruction” to improve its reputation and facilitate anonymous cryptocurrency transactions. CloakCoin: Former Pump and Dump Scam Now Wants Legitimacy. This cryptocurrency was originally created as a fraudulent pump and dump scheme. Launched on June 3, 2014, the currency quickly reached a market cap of more than $5 million USD. However, the original developers never delivered on their promises, and the value of the coin dropped dramatically as soon as investors realized the project was a fraud.....
I chose Cloakcoin as the Random Coin of the Day today for it's unique exchange integration with its wallet. With centralized places like eBay, sellers often get the raw end of the stick and are unable to handle their own business' transactions. Will Cloakcoin take over what eBay has failed to do and create a fair environment for trading with their new OneMarket trading platform as well? Although the Windows wallet on their website is missing OpenSSL DLL dependencies and doesn't have any instructions on where to find these files, the aspect of having a built in exchange is something a lot....
Cloakcoin is trying to build an anonymous ecosystem. One of cryptocurrency's greatest selling points is the freedom it affords users in regard to managing their assets. However, many in the crypto-community do not believe true freedom can be achieved until they have a way to transact online with complete anonymity. As a result, a variety of coin developers have sought to implement anonymous transactions into their source code. Darkcoin was the first major coin to attempt this. After its dramatic price rise, many altcoins sought to draw attention to themselves by promising anonymity as....
Private cryptocurrency system Cloakcoin recently announced that it is integrating into Blockpay. The European startup, which rose to fame for its no-nonsense policies against financial surveillance, has already taken anon market by storm by offering a highly privatised, secure and decentralised cryptocurrency ecosystem. Specifically in times when Bitcoin’s much-talked-about anonymity has been disproved by the constant judicial crackdowns of underground marketplaces. Cloakcoin, on the other hand, has proved to be consistent when it comes to providing a secure transaction route to all its....
In its pursuance to deliver the most secure, private and untraceable transaction system, team Cloakcoin has announced the upgradation of its wallet service. Phoenix, as the new wallet version is titled, is built in response to the prevailing instability of the older wallet version. As Cloak itself quoted, the latest version solves many of the problems that were associated with its predecessor, mainly related to stability, speed and ease-of-use. The latest Phoenix wallet will feature a quick and easy wallet setup. Unlike the wallet software whose sync process takes a lifetime to finish, the....