According to the official information, 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.
