CloakCoin Price, News and Analysis (CLOAK)

CloakCoin (CLOAK) is an X13 crypto coin that is attempting to introduce anonymity features via exchanges. The team has a core set of four developers workig to implement these attributes. The PoW block reward is a flat 496 coins and will stop after seven days where PoS takes precedence at 6% per annum. There was no premine and the block time is set to 60 seconds. (Description provided by CryptoCompare)

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including CloakCoin.

Weiss Research, an investment research firm that rates cryptocurrencies, has given CloakCoin an overall rating of "E", a technology and adoption rating of "E-", and a market performance rating of "C-".

CloakCoin produces its own wallet software that is available for download on its website, which allows you to store CloakCoin on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

One CloakCoin (CLOAK) is currently worth $1.05 on major cryptocurrency exchanges. You can also exchange one CloakCoin for 0.00002346 bitcoin(s) on major exchanges. The value (or market capitalization) of all available CloakCoin in U.S. dollars is $5.90 million.

CloakCoin is a proof of work (PoW) and proof of stake (PoS) coin that uses the X13 algorithm.

CloakCoin can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a CloakCoin and access to a mining pool that pools your effort with other miners and a wallet to store the CloakCoin that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

The following coins use CloakCoin's X13 algorithm and proof of work (PoW) and proof of stake (PoS) proof-type: Bitcoin Diamond, Stratis, Navcoin, DeepOnion, Stealth, Bitcoin Plus, MU DANK, BlitzPredict, BlitzPick, Opal, Datacoin, BoostCoin, STVKE, Sint-Truidense Voetbalvereniging Fan Token and KORE Vault.

The official Reddit community (subreddit) for CloakCoin is r/Cloak_Coin.