I wanted to try a slightly different approach today. Seeing how traffic is absolutely crap lately when we post actual news, I’ll be only posting articles about new coins today. Up first on the list is CloakCoin.
Even though anonymity in Cryptos is incredibly popular lately, there are different ways to tackle this feature. CloakCoin has a very interesting take on it, by offering anonymity features through exchanges.
Offering anonymity through exchanges has many advantages, simply because exchanges process hundreds of transactions more than regular network nodes. This renders statistics analysis much less effective, resulting in stronger anonymity.
You can click on the image below to see a more detailed explanation of how this feature works :
CloakCoin is a X13 Proof-of-Work/Proof-of-Stake hybrid Crypto, with no pre-mine and no IPO. The mining phase only lasts for 7 days, meaning it will be ending very soon. One block will reward miners with 496 CLOAK.
The minimum stake age for your coins to start staking is just 6 hours, and there is no maximum coin age set in the code. You will earn stake at a rate of 6% annually. As far as I can tell, there is also no hard supply cap for CloakCoin.
CloakCoin can be mined with both CPU and GPU, and downloads for the specialised software can be found in the BitcoinTalk thread here. This software includes a slightly modified x13 mining kernel by the looks of it.
As far as exchanges go, you can trade CloakCoin over at BitTrex, CoinNext and AGX. More exchanges will be adding this Crypto soon I hope, as it does offer something very unique and interesting, making it a rare gem.
CloakCoin website : http://www.cloakcoin.com/
CloakCoin on BitcoinTalk : https://bitcointalk.org/index.php?topic=637704.0
CloakCoin on Twitter : https://twitter.com/CryptoPioneer
CloakCoin donations are welcome to : CDswzkxhdkK6gY7jwUJnUNQDDGrMZJsrZc