Goodbye Mining! Why I Dumped my Rigs for CloakCoin's Anonymous Staking
How's it going crypto heads and anonymity buffs!
As promised, today we'll be diving in a bit deeper with CloakCoin (CLOAK) to look at their staking network anonymity features.
To kick things off, we'll be checking out a transaction from their desktop client to the mobile wallet, clocking in with blazing fast sub-one minute processing time. Once we get an idea for that network speed, we'll be breaking things down a bit for the newcomers with a quick lesson on proof of work mining, along with how the proof of stake network functions plus its advantages.
While the staking network is undoubtedly a big draw for user's to join the CloakCoin ecosystem, the other major card in their hand is the unparalleled privacy and anonymity implementations. Using a system similar to the TOR network's onion routing, the CLOAK project's "Enigma" adds another layer of security intra-network via its staking community.
Hopefully, this gives everyone a bit more insight on why I feel so strongly about the future of CLOAK coin.
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