Can someone explain what is different about XC and Cloakcoin methods of anon tech now? Both seem to be releasing same day, july 7th. What will set cloak appart from XC?
So will XC also be fully anon decentralized? I'm not finding much information comparing the two, is there one better than the other or both work the same way?
Well for one centralized exchanges have always been the Achilles heel of any privacy-oriented coin user. Cloak's got a 1up on every other coin in that department with Cloaktrade.
If one were to look at the big picture Cloak would be like Apple - A full suite of products under one development team. CloakTrade, CloakVPN, CloakMarket, etc all working fluidly with each other. A currency is only as good as far as you can use it otherwise its just something to pump and dump if the price goes up. Cloak having a full suite of products under development puts it in a unique position to compete directly with Bitcoin or any other top tier coin in terms of its useability once the full suite of products are on the market. Relying on 3rd party developers to build on top of Cloak will be a secondary concept that will only strengthen the community.
A lot of people here are missing the big picture. 1st Cloak decoupled from exchanges so your cloaks are in your wallet when trading with a centralized exchange. Cloak is then moving to further anonymize transactions between users and staking with CloakSend 2.0. CloakMarket, a decentralized marketplace for people to sell/buy ANYTHING they want regardless of your nations laws (think of a bulletproof Silkroad). The Cloak ecosystem is taking over the game. Most of the other currencies have to rely on 3rd party developers to build these types of supporting applications - which could ultimately put the user at risk exposing him to a centralized platform. Everything in the ecosystem is decentralized and anon friendly.
Darkcoin hit $15-$17 without any market, exchange decoupling or proven anontech. Cloak has a 5 million max supply and is going to have a full ecosystem for anyone to conduct business as they see fit. We could see this coin go well beyond the $100 mark.