CloakCoin (CLOAK) is the fastest and safest way to trade cryptocurrencies using blockchain technology, and it is also a new generation of Enigma encryption technology that can truly create completely private transactions. Ingmar is a unique, advanced, private and secure transaction system established by the Cloak Coin team, which can realize anonymous transfer of Cloak Coin without "trusting" other nodes not to steal funds or leak sensitive information.

Project Introduction

Security is the hallmark of Cloakcoin:
1. Privacy: use end-to-end encryption and complete separate secure communication with Cloak Shield, allowing each node to avoid traffic analyze. Merging with the Enigma system, Cloak Shield uses the RSA symmetric encryption algorithm supported by the elliptic curve Diffie-Hellman key exchange protocol, using up to 25 hops to become the core to meet the privacy requirements.
2. Open source: Open source is of great significance to Cloak Coin, because it brings complete transparency to Cloak Coin and allows peers to evaluate the software. Users can have complete confidence that the software is constantly checking for minor bugs, traces, malware, or any other redundant software.
3. Usability: Cloak Coin provides highly private, decentralized, untraceable and secure digital currency transactions. The cloak coin is easy to operate, allowing anyone to safely participate in the digital currency market transactions of the day with the help of a computer or smartphone, without worrying about unrelated parties peeping or hindering the transaction.
4. Autonomy: The sole goal of Cloak Coin is to allow its holders to enjoy financial freedom from the beginning in a simple, practical, economical and essentially instant way. But Cloakcoin does not and will never attempt to support illegal markets, activities, or actions that are beyond the law.

Advantages of Cloak Coin: Bonuses and Circulation
1. Profit through the Proof of Equity Model (cumulative equity) + 6% per year
Cloak Coin is a pure proof of equity Model (PoS) cryptocurrency, which can provide 6% interest per year on the basis of accumulated equity currency. Users can also earn a share of the 1.8% network fees for supporting Ingmar transactions if they choose. Compared with mining, Cloakcoin is more energy-efficient and it is easy to get more Cloakcoin by simply putting coins into your wallet.
2. Limited circulation 5,118,471
Cloak coin was originally a rare digital currency. Such a limited supply can bring outstanding appreciation potential for currency holders. Increases to the circulating supply of Cloak Coins are minimal. In theory, the rate of increase is consistent with the bonus, which is a maximum of 6% per year. Generally speaking, the actual increased circulation is much lower than 6%, so Cloak Coin will not face excessive circulation and will always be a scarce commodity.

Technical Overview

The token CLOAK used by CloakCoin adopts the PoS consensus mechanism. Its team has developed a transaction system called Enigma. In this system, token transactions will achieve anti-tracking through a method similar to decentralized transfers, which promotes personal privacy protection and ensures the security and effectiveness of transactions.

Operation of Enigma
1. Generate a public key when the transaction is initiated;
2. Publish the public key of this transaction and the amount to be hidden;< br> 3. Directly or indirectly participating nodes can communicate with each other.

When users want to send CLOAK tokens, they can select a series of nodes with sufficient balance and send a request, requesting these nodes to assist in covering the transaction, and the node receiving the request will respond to the requester invisibly, if any node does not Agree or do not respond, the system will promptly select a replacement node to complete the above operations. DDos protection measures will also blacklist some malicious nodes during the above process to ensure the health and efficiency of the entire network.

The nodes participating in the invisible transaction will generate a public key through ECDH technology, which is used for encryption between each node and the host. When a node accepts a "stealth" request, it will provide a data list of input and output. The input provided by the node must be greater than or equal to Enigma's sending amount (including the handling fee), and the output must be the same as Enigma's real output. The amount is the same.

If the output address of the node has a record of receiving funds before, the Enigma system will issue certain "invisible" rewards to the node.

Application scenario

Alice wants to send 10 CLOAK to BOB through 5 "stealth" nodes, so Alice sends a request to the Enigma system to announce her requirements, and 5 nodes that meet the requirements participate in the "stealth mode" and create a A secure CloakShield encrypted channel communicates securely with Alice, and participating nodes send data lists of input and output to Alice through the encrypted channel.

Next, Alice will decrypt and process the responses of each node and create an Enigma transaction to mix her input and output with each node, and then send it to each node for signature. The participating nodes check the integrity of the transaction and verify the transaction. The input amount and output amount of the transaction. After signing, the transaction will be put into the block.

Since the transaction process is reflected by the third-party nodes to reflect the input and output volume, it is impossible to trace the real transaction parties.

Related Links:

https://www.cloakcoin.com/cn/
https://info.binance.com/cn/currencies/cloakcoin
https://zhuanlan.zhihu.com/p /37175632