Launched in June 2014, CLOAK is a provider of Open Source blockchain solutions that utilize ENIGMA® technology. This technology is designed to ensure complete confidentiality in transactions. CLOAK's blockchain is decentralized, reliable, secure, and scalable, based on the Proof of Stake concept.

Cloakcoin incorporates onion routing with ENIGMA® technology, along with the CloakShield® function, to enable end-to-end encryption and secure communication. This allows nodes to evade traffic analysis. By combining ENIGMA® with Cloakcoin, the platform aims to provide a high level of confidentiality, utilizing up to 25 jumps with symmetric RSA encryption and ECDH key exchange.

With an annual interest rate of 6%, anyone can generate Cloakcoin. The goal of Cloakcoin is to enable any computer or smartphone user to participate in the cryptocurrency market with complete security, free from the fear of hacking or multi-channel spying activities.