This paper is a living document. It will develop alongside COLX and Colossus Grid. Please check back for updates.
In this whitepaper, we are introducing ColossusXT (COLX) as a privacy-enabled cryptocurrency for the everyday user. Currently, COLX features a number of technologies that benefit users’ privacy and/or the participation of small individual investors in the COLX network – such as obfuscation and a see-saw rewards mechanism for staking nodes and masternodes. The paper will also outline future developments in COLX designed to further enhance its usefulness to individuals and small businesses – most importantly, a decentralized marketplace and Colossus Grid, a decentralized grid computing framework.