CloakCoin has release a new whitepaper less than 24 hours ago, which features extensive Who would’ve thought we might see Crypto anonymity by using Proof-of-Stake protocol extensions? Let’s take a closer look!
CloakCoin’s anonymity feature, called CloakSend, has been demoed previously by using a Youtube video. As CloakSend is a constant work in progress, the developers have announced CloakSend 2.0, and released a whitepaper accordingly.
The most interesting part of this whitepaper is the topic on providing transaction anonymity by using the Proof-of-Stake protocol. Or to be more precise , by extending the Proof-of-Stake protocol, which in turns is an extension of the Proof-of-Work protocol.