Quote from: AnorakThaGreat on April 25, 2018, 09:54:34 PM

Just wanted to reach out to the community and potential investors to clarify some things. There have been a lot of questions recently in regards to the privacy aspect of our blockchain project, given that the public addresses are visible on an explorer.

Cloakcoin enforces the open ledger maxima aka the blockchain transactions and public address amounts are indeed public & visible.
The trick is, with our Enigma mixing tech, exact transaction amounts and destinations are extremely hard (some would say impossible) to decipher. So you get the open ledger transparency, in regards to blockchain transactions, but particular wallet2wallet transaction details remain opaque. Most blockchain projects conflate those two - we made it our competitive advantage: the ledger is transparent so coin paths can be examined (by anyone!) as proof of technology and a control/attack detection mechanism, while the w2w and actual transaction privacy is maintained. This is why we claim that we are not only an anonymous (like Bitcoin), but also a private and untraceable crypto-currency.

Hope that conceptual difference answers some of the questions that were raised about CloakCoin (with every right!).
Feel free to reach out on our other channels as well if you have more questions. I invite the devs and experts from other privacy coins to join the discussion.

Godspeed,

Anorak
CloakCoin Dev

I definitely agree with you, but in the long term, I think something needs to be done to Enigma fees as 1.8% is rather expensive, especially with large amounts.