Hashing algorithm Cloackcoin

Cloackcoin Wiki

Cloackcoin information

CloakCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions. Cloakcoin will also be featured in worlds first fully decentralized p2p marketplace: OneMarket.

CloakCoin is totally different from other alt coins, which are made for Pump n Dumps. We are a team of 4 highly experienced developers, currently working on a totally different anonymous feature for CloakCoin; anonymity via exchanges.

Main advantage of using exchanges for anonymity: Hundreds more transactions going into an exchange than a node, some of these tx take weeks to come out. This means that it renders statistical analysis (which can uncover so called anonymous transactions) much less effective. Result = stronger anonymity, straight from your CloakCoin wallet.

  • Algorithm: x13
  • Maximum Supply: 4.5 million
  • PoW timespan: 7 days
  • PoW Block Reward: 496, PoS 6%
  • Mining will stop after 10080 blocks (7 days)
  • Block time: 60 seconds
  • PoS minimum stake age: 6 hours, Max age unlimted

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