What is ColossusXT? ColossusXT (COLX) is a privacy-conscious, energy-efficient, fast and open-source and decentralized Blockchain network. In this article, as Kriptokoin.com, we have answered the questions such as what is ColossusXT, what it offers, what is COLX, what is it for, how to get it. Let’s examine together this project, which has the features of the best privacy coins.
What is ColossusXT?
ColossusXT is an open-source, community-driven and decentralized Blockchain protocol whose main features are user privacy, transaction speed and ease of participation. This protocol hosts the features of the most popular privacy projects like PIVX and DASH. The privacy coins mentioned are all very similar to Bitcoin. But they have a number of additional features to make up for the shortcomings of the primitive Bitcoin Blockchain protocol.
ColossusXT aims to provide maximum localization. For this, it protects users’ private data from unauthorized organizations. The platform is a convenient way for users to transact online with maximum privacy and security. The protocol designed for this uses masternode technology. It also secures its network with a unique Proof-of-Stake consensus mechanism. This PoS mechanism is called the 3.0 protocol in the network.
What does ColossusXT offer?
The number of privacy-oriented cryptocurrencies on the market today is quite large. However, ColossusXT has a number of features that set it apart from the rest. This has mainly to do with the technologies implemented by ColossusXT. Among them, the Proof-of-stake (PoS) 3.0 protocol, masternodes, SwiftTX, which allows fast and guaranteed zero-validation transactions, stand out. Also noteworthy is the ZeroCoin protocol and a few other technologies.
Many privacy altcoins, such as Monero, use the Proof-of-Work consensus mechanism. This model, which requires high computing power, works with mining. Therefore, it uses quite a lot of energy. However, Colossus has adopted the PoS consensus model instead of PoW. So it is much more energy efficient than other privacy altcoins on the market. In addition, the platform uses the ZeroCoin protocol. This protocol makes it impossible to trace users on the internet and Blockchain.
What is COLX? What does it do?
COLX is the native cryptocurrency of the ColossusXT platform. This cryptocurrency was created with the BEP-20 smart contract on BNB Chain. This cryptocurrency is a PoS-based privacy token. In other words, users can perform transactions anonymously with COLX. In addition, COLX also ensures that users are not tracked on the internet. Accordingly, it provides users with complete security and privacy. In addition, users can earn passive income by staking the token.
What is ColossusXT? How to take COLX?
ColossusXT is currently only traded on one cryptocurrency exchange. This cryptocurrency exchange is StakeHub. Investors wishing to purchase the token must access the StakeHub exchange. After that, they must become a member of the exchange and follow the membership verification steps completely. Investors who do this can purchase the token after depositing funds into their wallets.
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