cloak

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.

  • Untraceable to you

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

  • Earn rewards

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

  • Community focused

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

Privacy

Open source

Privacy illustration

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 illustration

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. ENIGMA OS coming soon.

Key features

Enigma badge logo

Benefits

Earn from PoS (Staking)

+6%pa

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 1.8% 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

  Bitcoin Ethereum Cloak Monero Dash
Consensus algorithm PoW PoW+PoS PoW PoW
Reward  No 1% p.a.  No 8.3% p.a.
Earn interest  No Masternode only  No Masternode only
Blocktime 600sec 12sec 120sec 120sec
True anonymity  No  No  Yes  No
Open Source  Yes  Yes  Yes  Yes
Circulating supply 16.5m 93.5m 15m 7.5m
Cloak
Consensus algorithm PoS
Reward 6% p.a.
Earn interest Everyone
Blocktime 60sec
True anonymity  Yes
Open Source Q4
Circulating supply 5.1m
Monero
Consensus algorithm PoW
Reward  No
Earn interest  No
Blocktime 120sec
True anonymity  Yes
Open Source  Yes
Circulating supply 15m
Dash
Consensus algorithm PoW
Reward 8.3% p.a.
Earn interest Masternode only
Blocktime 120sec
True anonymity  No
Open Source  Yes
Circulating supply 7.5m
Bitcoin
Consensus algorithm PoW
Reward  No
Earn interest  No
Blocktime 600sec
True anonymity  No
Open Source  Yes
Circulating supply 16.5m
Ethereum
Consensus algorithm PoW+PoS
Reward 1% p.a.
Earn interest Masternode only
Blocktime 12sec
True anonymity  No
Open Source  Yes
Circulating supply 93.5m

Currency trading

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Cloak price today

$

24 hour volume (millions)