hi all, I only recently came across cloak and became interested in it because of its privacy features. I want to invest in it because of this.
In doing some research, I came across this rich list:
https://explorer.cloakcoin.com/richlistThis is usually a sign that the transactions on the coin are not kept private.
Can anyone comment on this and explain how this is possible?
Thanks!
It's a great question, and it should be answered by the developers.
Here is my answer:
The Rich List numbers might come from exchanges (since the coin is primarily handled on exchanges presently).
If you install the wallet and stake your coins, you can see that there are options for "cloaking". It's not like every transaction has to be "cloaked" - this is how I see it.
Not a very good answer, I know, but I did think you asked a good question and thought I'd take a crack at it. Too bad so many things are "half baked" in crypto land.
EDIT - I see someone else answered your question also! haha - didn't see that. Anyway - that's a good thing!