ColossusXT

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Basic Info[edit]

  • Launched: September 30, 2017
  • By: ColossusXT Founding Team
  • Type: Proof-of-Stake
  • Supply: 10,923,459,796 COLX
  • Speed: 60 seconds
  • Transactions per second: 66 TPS
  • Retarget: Every block
  • Reward: 1,500 COLX
  • Stake age: 8 hours
  • Masternode: 10,000,000 COLX
  • Premined: 100% (0% held by team members)
  • Fee: Smoothly varying
  • Website: https://colossusxt.io/
  • Source: https://github.com/ColossusCoinXT/ColossusCoinXT/
  • Stake Age: 8 hours
  • Masternode: 10,000,000 COLX

Summary[edit]

ColossusXT is an open-source P2P decentralized digital currency that is energy-efficient and privacy-centric with anonymous and instant transactions. It has a (two-tier) double-based network on the common Bitcoin-core software that uses the proof-of-stake 3.0 protocol and Masternodes for ensuring a safe network. This provides easy accessibility and unmatched stability.

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 defined:
1) Computing power is the basis for all modern human activity
2) Computational ability is reaching a ceiling
3) Access to powerful computers has always been under the purview of governments or the richest of technology companies
4) The centralized cloud computing market is dominated by a select few entities
5) 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.

Short introduction video: https://www.youtube.com/embed/-zUu3vQ6IhU

News[edit]

Websites[edit]

Main site: https://colossusxt.io/

Exchanges[edit]

Charts[edit]

Explorers[edit]

Wallets[edit]

Pools[edit]

Forums[edit]

Social[edit]

Wiki[edit]

Governance[edit]

Masternode Hosting Services[edit]

Masternode Monitoring Services[edit]

Merchants[edit]

Payment Processors[edit]

See Also on BitcoinWiki[edit]