Spread the Grid
ColossusXT (ticker: COLX) is a community-orientated, energy efficient coin with a strong focus on decentralization, privacy, and real-world implementation.
Complete Privacy on the Internet
Masternodes
Cost 10,000,000.00 COLX (Multiple MNs requires a VPS)
Staking
Stake min age is 8 hours
Heavily Awarded
Minted Confirmations: 90
Transactions Confirmations: 6
Proof of Stake Reward
1200 COLX Combined PoS & masternode reward
A privacy-centric, energy-efficient, decentralized, open-source, peer-to-peer (P2P) digital currency with instant and anonymous transactions.
A two tier network based on the popular Bitcoin core software, utilises Masternodes and Proof of Stake 3.0 protocol for securing its network which gives it unmatched stability and easy accessibility.
Exciting Tech
Atomic Swaps | Proof of Stake 3.0 protocol | Masternodes | SwiftTX Instant Transactions | ARMIS I2P Privacy Network Layer (Beta)
Energy and Cost Efficiency
Proof of Stake is a highly energy efficient method of securing a coin's blockchain. Mining does not require the intense computing power, only a small amount of CPU power.
Masternodes
Masternode technology is used for securing the network with a positive side effect of stabilizing the market price. Holders are rewarded with block rewards.
Extra Privacy
Full privacy is secured by technology making transactions and user personally identifiable information (PII) untraceable. Privacy of PII is obtained through ARMIS. ARMIS creates a private overlay network across the internet which strengthens a user’s privacy. This protected network allows users to hide their geographical location by obfuscating their ip address, replacing them with encrypted identities.
Instant Transactions
Transfer your money instantly with SwiftTX, guaranteed zero confirmation transactions. This allows the network to function at optimal efficiency and guarantee steady transaction processing.
Secure Transactions
Public-key cryptography is employed, a process in which a pair of a public and a private cryptographic keys are generated. The core network is maintained by coin holders, and the Proof of Stake distributed consensus mechanism reduces the risk of 51% attacks.
ColossusXT
What is ColossusXT all about? COLX is a community-orientated, energy efficient coin with a strong focus on decentralization, privacy, and real-world implementation.
It utilizes an energy efficient Proof of Stake 3.0 protocol and a second-tier Masternode network for inclusive community-based governance along with a blockchain based self-funding treasury system ensuring its sustainability. In order to reach this level of usability, COLX is continually evolving.
It utilizes an energy efficient Proof of Stake 3.0 protocol and a second-tier Masternode network for inclusive community-based governance along with a blockchain based self-funding treasury system ensuring its sustainability. In order to reach this level of usability, COLX is continually evolving.
Colossus Grid
ColossusXT provides an energy efficient method of supercomputing and offers a series of unique attributes that separate it from many alternative coins of a similar nature. For example, some coins have just one layer of privacy where ColossusXT and the Colossus Grid will utilize two layers of privacy through Obfuscation, and Armis (I2P) I2P. These will protect users of the Colossus Grid as they utilize grid resources.
Fast and Secure Payments
The goal of COLX is to be an advanced digital currency that is fast, secure, decentralized, private, and connects all of its users for a greater purpose as part of the Colossus Grid. Colossus Grid is an ambitious project that aims to reward individuals for voluntary grid contributions. With this, Colossusˣᵗ seeks to compete in the global market for distributed computing power and decentralized storage all while riding on the backbone of a world class privacy blockchain.
Mission Statement:
To build a truly decentralized grid platform that
caters to the privacy of its users.
The Problem:
A growing need for computing power without the
crutch of centralization and the breach of
users’ privacy.
Issues:
- Computing power is the basis for all modern human activity.
- Computational ability is reaching a ceiling.
- Access to powerful computers has always been under the purview of governments or the richest of technology companies.
- The centralized cloud computing market is dominated by a select few entities.
- None of the current distributed computing platforms are addressing user privacy effectively.
The solution
A full-scale transition to distributed systems that
cater to privacy has finally become a viable option.
Colossusˣᵗ (ticker: COLX) is a community- orientated, energy efficient coin with a strong focus on decentralization, privacy, and real-world implementation. It utilizes an energy efficient Proof of Stake 3.0 protocol and a second-tier Masternode network for inclusive community-based governance along with a blockchain based self-funding treasury system ensuring its sustainability. In order to reach this level of usability, COLX is continually evolving.
The goal of COLX is to be an advanced digital currency that is fast, secure, decentralized, private, and connects all of its users for a greater purpose as part of the Colossus Grid.
Colossus Grid is an ambitious project that aims to reward individuals for voluntary grid contributions. With this, Colossusˣᵗ seeks to compete in the global market for distributed computing power and decentralized storage all while riding on the backbone of a world class privacy blockchain.
Colossusˣᵗ (ticker: COLX) is a community- orientated, energy efficient coin with a strong focus on decentralization, privacy, and real-world implementation. It utilizes an energy efficient Proof of Stake 3.0 protocol and a second-tier Masternode network for inclusive community-based governance along with a blockchain based self-funding treasury system ensuring its sustainability. In order to reach this level of usability, COLX is continually evolving.
The goal of COLX is to be an advanced digital currency that is fast, secure, decentralized, private, and connects all of its users for a greater purpose as part of the Colossus Grid.
Colossus Grid is an ambitious project that aims to reward individuals for voluntary grid contributions. With this, Colossusˣᵗ seeks to compete in the global market for distributed computing power and decentralized storage all while riding on the backbone of a world class privacy blockchain.
ColossusXT in numbers
Active since
Active masternodes
+
Followers
+
Active exchanges
Start using $ColossusXT Now!
You can download our open-source wallets via our github page.