CloakCoin was designed to facilitate private, secure, decentralized & untraceable transfers with CloakCoin-ENIGMA. CloakCoin was one of the first digital currency concepts in the crypto market to address this inadequacy, and was introduced in 2014 with the aim of enabling people to use a coin that would provide total privacy, in a world that is more and more encroaching on the freedom of its population, stating real and perceived threats to national security as a reason to ‘protect’ its citizens. CloakCoin is based on the revolutionary ’Blockchain’ concept but has added some very simple and clever layers of communication and a sophisticated off-blockchain coin mixing system making it impossible for 3rd parties to trace transactions between CloakCoin wallets. Today CloakCoin is one of the best systems available providing private, secure, decentralized and untraceable digital monetary transactions.
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