The f(x) ecosystem is fully decentralized. It’s designed and built to run autonomously in perpetuity without the reliance or supervision of any individual or organization. To support this autonomous structure, f(x) Coin which is the underlying ‘currency’ within the f(x) ecosystem has to be decentralized in terms of its distribution, allocation, control, circulation and the way it’s being generated.
Cloakcoin is a completely secure, fully private and untraceable digital cash with full fungibilty (all coins equivalent). Cloakcoin is able to achieve this privacy through the use of an offchain coin mixing system called “Enigma”. Check out CoinBureau for the complete review on Cloakcoin.