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Cloak team progressing on wallet; Major improvements and opening source


Yesterday, just one day after the CLOAK 3rd anniversary, the development team released an official statement with the update on the current progress of the new wallet

“Work on (the open source release) is progressing well. As some of you may be aware, the release also marks our switch Cloak to a new codebase based on the current Litecoin sourcecode. As well as brining the codebase up to date, this release also brings a wealth a new features such as support for HD wallets, transaction and address indexes, reduced upload traffic, direct headers announcement (BIP 130), memory pool limiting, wallet pruning, soft forks and many more new features and improvements.” – CLOAK Team

This version will coincide with Cloak’s open sourcing, an important step in their roadmap, as it will allow greater peer review, public code contributions and will also allow the community to follow Cloak’s development much more closely. There have of course been some concerns expressed in terms of clone coins being created, but the team is not particularly concerned by this prospect as imitation is after all the highest form of flattery.

Version will also open the door to SegWit activation and all the new features that brings to the table: lightning network, cross-chain transfers, confidential transaction etc. The build processes are also much improved with the new codebase. also contains a significant change to the Enigma system thanks to the introduction of Enigma Addresses. Enigma addresses are very similar to stealth addresses and allow Enigma senders and cloakers to automatically generate dynamic, one-time addresses for use with Enigma when sending and cloaking.

Work is also ongoing with the Raspberry Pi implementation and mobile wallet, so keep an eye out for updates to those in the near future.

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