Quote from: Alty on June 05, 2014, 04:52:12 PM

As requested:

A glimpse into the forthcoming Cloakcoin Exchange Anon System.

Page 1:

http://oi58.tinypic.com/121e4oy.jpg

Page 2:

http://oi58.tinypic.com/71l3r7.jpg

Next Step:

Build is underway and I will take a list of the most reasonable and common questions, to satisfy curiosity, and will issue a
FAQ Whitepaper soon.

In other news:

I now have a c++ dev on my team. We will be doing some very cool updates to the wallet, live market data being the first.

Hi Guys,

I have been looking at anonymous cryptocurrencies for a long time now, I am very worried if I look at that proposal, I have the following questions based on your diagram:

This just looks like a built in mixer service on those diagrams. Come to think of it, what makes this different what vertcoin is doing with stealth addresses ?

The creation of "fullfillment" nodes are causing the network to vulnerable to centralization and third party abuse such as DDoS. I don't feel centralization is the way to go, there are much better ways to ensure privacy of transactions. And yes, Darkcoin is doing it wrong too, too centralised. I mean - a single entity just needs to own a certain level of the masternodes - to seriously mess up the coin. Cloak/dark etc. are such a small entity - any government agency could buy up enough servers + coin (with their lunch money) and mess the network up (and yes spy).

Could you be more specific (systems diagram) of how having stealth address will anonymise or 'cloak' the coin more - please emphasise the cryptography used to ensure this.

Please be as technical as possible on how you want to achieve your objectives.

Regards

nuclearjoker

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