True global transaction freedom...

Cloak is the fastest, most secure way to transact cryptocurrency using blockchain technology and truly next-gen ENIGMA encryption to create fully private transactions. Fly free with Cloak.

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Overview

CLOAK provides a more secure and private world of currency transactions

  • Lightning-fast

    Experience almost instant transactions. No more waiting for slow blocktimes or network transactions to take place.

  • Earn rewards

    Everyone can earn more with Cloak. 6% annual interest is rewarded for simply staking your coins in your wallet.

  • Untraceable to you

    Cloak has onion-routing privacy set to default, or switch on state of the art ENIGMA for the ultimate in cloaking.

  • Community focused

    We live and breathe community and rely upon active participation and volunteers to help the project. Get involved.

Privacy

Open source

CloakShield utilizes end-to-end encryption and delivers secure communication out of the box, allowing nodes to circumvent traffic analysis. Combined with ENIGMA, it is the crème de la crème for privacy, utilizing up to 25 hops using symmetric RSA encryption backed by an ECDH key exchange.

Open source is important to Cloak as it provides complete transparency and the ability to peer review the software. Users can have complete faith that the software is continually reviewed for bugs, tracking, malware or any other unwanted software.

Key features

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Benefits

Earn from PoS (Staking)

+6%p.a.

CloakCoin is a pure proof-of-stake (PoS) cryptocurrency that offers an interest of 6% per annum on staked coins. Should they wish, users are also eligible to a share in the network's linear fee from 0.2% (>1000 coins) to 1% (0 coins) fee for their support towards ENIGMA transactions. It’s more energy efficient than mining and it’s easy to earn more Cloak by simply placing coins in your wallet.

Limited circulation

Cloak is designed to be a rarity and is such limited in supply, offering excellent potential to currency holders. Increasing circulating supply is minimal, raised by a theoretical maximum of 6% p.a. in line with rewards. Typically, this is a much lower % in reality, so the coin does not suffer from over-inflation and remains a scarce commodity.

Specification

Cloak
Consensus algorithm PoS
Reward 6%p.a.
Earn interest Everyone
Blocktime 60sec
True anonymity  Yes
Open Source  Yes
Auditable coin supply  Yes
Circulating supply 5.3m
Monero
Consensus algorithm PoW
Reward  No
Earn interest  No
Blocktime 120sec
True anonymity ?
Open Source  Yes
Auditable coin supply  No
Circulating supply Unable to determine
Dash
Consensus algorithm PoW
Reward 8.3%p.a.
Earn interest Masternode only
Blocktime 120sec
True anonymity  No
Open Source  Yes
Auditable coin supply  Yes
Circulating supply 8.8m
Bitcoin
Consensus algorithm PoW
Reward  No
Earn interest  No
Blocktime 600sec
True anonymity  No
Open Source  Yes
Auditable coin supply  Yes
Circulating supply 17.7m
Zcash
Consensus algorithm PoW
Reward  No
Earn interest  No
Blocktime 150sec
True anonymity ?
Open Source  Yes
Auditable coin supply  No
Circulating supply Unable to determine

Latest news

Development Update
Friday, July 12, 2019
Dear CLOAK Community, In light of recent decisions by a number of popular exchanges to de-list $CLOAK, and the withholding of specific reasoning why, called for the careful consideration by the Clo…
Development Update
Thursday, June 06, 2019
Dear CLOAK Community, We are proud to announce a new partnership with Chainsulting, Germany’s leading experts on blockchain and digital assets. Their team of specialised developers bring a wealth …
5th Anniversary
Monday, June 03, 2019
Celebrate 5 years since the CloakCoin Genesis Block as Cloak celebrates its 5th Birthday! How quickly time flies and what an incredible journey it has been. Our commitment to privacy has grown stronge…

Latest tweets

RT @cloakcoin_promo: Trade and Buy @CloakCoin on @Livecoin_net Exchange! Create an Account and Support us! 📈 https://t.co/ZXk06xcVGH #Clo…
RT @cloakcoin_promo: Goodbye @BittrexExchange and hopefully see you soon! Support Team @CloakCoin and create an account on the very promisi…
RT @cloakcoin_promo: CloakCoin is a cryptocurrency designed to facilitate private, secure & untraceable decentralized transfers with Cloak-…

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24 hour volume (millions)