CloakCoin company info

What does CloakCoin do?
CloakCoin (CRYPTO:CLOAK) is a privacy-focused, proof-of-stake (PoS) cryptocurrency with a 6% staking reward. It is designed to be untraceable and secure, using a variety of techniques to protect user privacy, including Enigma, a proprietary mixing software that encrypts and mixes transactions, making them impossible to track. CloakCoin is operated by a decentralized network of nodes that are responsible for validating transactions and maintaining the CloakCoin blockchain. CloakCoin nodes are rewarded for their work with staking rewards. CloakCoin is currently working on a number of projects, including improving the Enigma mixing software, developing new wallets and exchanges, and promoting adoption. Its objectives are to provide users with a secure and private way to transact with cryptocurrency, make CloakCoin easy to use and accessible to everyone, and promote the widespread adoption of CloakCoin.