A private, secure and untraceable transaction system for CloakCoin
CloakCoin is a cryptocurrency designed to facilitate private, secure and untraceable decentralized transfers with Enigma. Cloak is a dual PoW/PoS (Proof of Work, Proof of Stake) coin, which is now in the Proof-of-Stake (interest bearing) stage. Enigma is CloakCoinâs private, secure and untraceable payment system, that forms the basis of future development and provides the underlying transaction system for the decentralized applications running on the CloakCoin network.
Decentralized P2P Crypto Currency Transaction Anonymity via Proof of Stake Protocol Extensions
Block chain based crypto currencies of the bitcoin 1.0 generation are by their nature pseudonymous. The Block chain consists of transaction inputs and outputs and the flow of transactions can be correlated to Identify the spender and recipient of coins. In this paper,a system is proposed to provide anonymity of Transactions by extending the existing protocol to broadcast,redeem-on-behalf-of,and forward inputs to Outputs in such a fashion that the origination and recipient cannot be directly linked through block chain Analysis. The proposed solution will be implemented in the cloakcoin alternative crypto currency.
