Cloak – True Global Transaction Freedom. New coin is added for trading on OpenLedger/Bitshares Trading Platform

February 07, 2018
OpenLedger DEX

We are proud to welcome another new coin on our platform – CLOAK.

What is Cloak?

CloakCoin is a cryptocurrency designed to facilitate private, secure and untraceable decentralized transfers with Enigma.

Cloak is a dual PoW/PoS (Proof of Work, Proof of Stake) coin, which is now in the Proof-of-Stake (interest bearing) stage.

Enigma is CloakCoin’s private, secure and untraceable payment system, that forms the basis of future development and provides the underlying transaction system for the decentralized applications running on the CloakCoin network.

Why Cloak Coin?

Privacy today is perhaps more important than ever. The thundering pace of technological advancement has rapidly broadened our horizon and connected the world like never before. Thanks to Bitcoin’s introduction in 2009, cryptocurrency is steadily moving into the mainstream and we can now transfer digital currencies securely across the globe in an instant, using the power of the blockchain. As cryptocurrency adoption becomes more widespread, increased regulation is inevitable. It remains to be seen what form this regulation will take, but many are concerned it may be overly draconian and designed to stifle some of the more libertarian aspects of cryptocurrency.

 

Due to Bitcoin’s quest for ubiquity, anonymity for users has never been a priority for the core Bitcoin developers. This has led to the emergence of a number of privacy-centric, alternative cryptocurrencies, designed with anonymity in mind. There are many different methodologies and approaches to solving the problem of anonymous transactions – Cloak suggests its own way.

Here you can find more info about Cloak Coin:

Official site

For now you can trade Cloak Coin in pairs with Bitcoin, Bitshares, bitUSD and Ethereum using links below:

OPEN.CLOAK / OPEN.BTC https://openledger.io/market/OPEN.CLOAK_OPEN.BTC

OPEN.CLOAK / BTS https://openledger.io/market/OPEN.CLOAK_BTS

OPEN.CLOAK / USD https://openledger.io/market/OPEN.CLOAK_USD

OPEN.CLOAK / OPEN.ETH https://openledger.io/market/OPEN.CLOAK_OPEN.ETH

 

Have a nice trading with OpenLedger!

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