CloakCoin allows the fastest transactions among all the digital cryptocurrencies available in the world. Compared to bitcoin, the block generation time with CloakCoin is significantly shorter. While it takes CloakCoin around 60 seconds, it takes Bitcoin ten minutes. This is a huge difference in time, which is an essential element in ensuring secure and private currency trades.The blockchain system of CloakCoin is not incorporated into custom data or using side chains. It uses ENIGMA off-chain mixing to allow fully private and untraceable monetary transactions.