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;
Colossus coin is the best privacy cryptocurrency
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.

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 is an open source, community driven, environmentally conscious cryptocurrency and an alternative to bitcoin that features better anonymity. It allows people to store and invest their wealth in a non-government controlled currency and make almost instantaneous and completely anonymous transfers with close to zero fees. Colossuscoin was founded as an long-standing, energy-efficient and environmentally friendly digital cryptocurrency and this concept is being continued.

Non-Mandatory Update

Non-Mandatory Update to COLX Core Version 1.1.1

COLX Core v1.1.1 is a non-mandatory update to address bugs and introduce minor enhancements that do not require a network change.
This new minor version release includes various bug fixes and improvements.

Learn More

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.

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.

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.

STATS

LATEST

10. September 2018 in News

ARMIS Privacy Technology

ColossusXT introduces their ARMIS privacy technology which is currently under…
Read More
7. September 2018 in News

COLX Core version 1.1.1 is now available – Non-Mandatory Update

Non-Mandatory Update COLX Core v1.1.1 is a non-mandatory update to…
Read More
25. August 2018 in News

Roadmap 2018/ 2019 updated

Check out where we see ColossusXT in 2018/ 2019! $COLX…
Read More
21. August 2018 in News

The London Cryptocurrency Show – Crowdfunding Campaign

ColossusXT has secured an opportunity to raise awareness to new investors…
Read More
11. August 2018 in News

Mandatory Update to COLX Core Version 1.1.0

Mandatory Update - Update NOW COLX Core version 1.1.0 is…
Read More
11. August 2018 in News

ColossusXT big Summer Contest

$COLX is launching it's next big #contest and it starts…
Read More

COIN DETAILS

PoW Algorithm
Quark
Ticker
COLX
Block Time
60 seconds with re-targeting after every block
Total Supply
(from PoW phase, incl. pre-mine)
12,025,310,000 COLX
Port
51572
Minted Confirmations
90
Transactions Confirmations
6
Masternodes
10,000,000 COLX per Masternode  

(Multiple masternodes per wallet, requires a VPS)

Stake min age
8 hours
Transaction Fee
10 COLX/kB Coin Fee on transactions

PoW SCHEDULE

Block 1
12 Billion COLX pre-mined

Reserved for a coin swap and four initial Masternodes.  All initial Masternodes and colx not used in the swap has been destroyed.  No pre-mined colx remains with the development team.

Blocks 2 – 10,124                                    
PoW 2500 Coins per Block for 10,123 Blocks
Blocks 10,125 – 151,200
2500 COLX
Blocks 151,201 – 302,399
1250 COLX
Blocks 302,400 – 388,000
1000 COLX
Blocks 388,000- Infinite
1500 COLX
100% distributed to stake wallet and Masternodes
Until block 388,000, after block 388,000 it will be 80% (1200 COLX per block) (see masternode proposals)
10% (150 COLX per Block) to masternode proposals
Masternode proposals (Decentralized Governance and Budget Funding) will begin to commence on block > 388,000. Masternode Owners have to actively create proposals which help the development of Colx.
10% (150 COLX per Block) to the official developer Fund
Budget supports funding the development of the ColossusXT project toward our roadmap goals and to cover maintenance costs.

Interested in buying COLX?

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