ColossusXT (COLX) Review & Analysis – ColossusXT Review

ColossusXT

Private | Instant | Sustainable | Grid Computing

Network Token

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, ColossusXT 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.

Proof of Stake 3.0 protocol, Masternodes, SwiftTX Instant Transactions, Private Instant Verified Transactions (full-time private transactions), Obfuscation Mixing Mechanism
Transfer your money instantly with SwiftTX, guaranteed zero confirmation transactions. This allows the network to function at optimal efficiency and guarantee steady transaction processing.
Full privacy is secured by technology making the transactions untraceable. Anonymous transactions are achieved by using the Obfuscation Mixing Mechanism.

“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.”

Exchanges

Cryptopia
Trade Satoshi
CryptoBridge

Positives

Due to the Technology Behind ColossusXT, COLX Presents Itself as One of the Best Privacy Coins with a Real Chance of Being Used in the Real World. Featuring the Proof of Stake 3.0 Protocol, Colossus Remains Energy Efficient and Reduces the Potential for 51% Attacks.
Transactions Are Private Due to the Obfuscation Mixing Mechanism, Making the Tracking of COLX Coins Incredibly Hard. We Usually See Privacy Coins Held Back by High Confirmation times but ColossusXT Manages to Keep an Instant Transaction Speed at the Same Time as Being Completely Private.
ColossusXT’s Website Contains a Vast Library of Information Including a Full Whitepaper and a Quick Explainer Video That Is Put Together Very Well. Official Wallets, Blockchain Explorers and a Wiki Are All Available. Everything Checks out, There Are Plenty of Resources Here for Potential Investors/Users.
Github Progress Is Very Consistent. With over 10,000 Commits and over 280+ Contributors at the Time of Writing (May 2018). It Is Pretty Obvious That ColossusXT Has an Incredible Development Community Behind It.
For a Coin That Has Been Listed on Coinmarketcap since October 2017, ColossusXT Has Made Some Serious Development Progress Without Attracting Much Attention. For Investors, This Is Extremely Good. Seeing a Team so Dedicated to a Project with Such an Extensive Roadmap, If Investors Are Looking for a Hidden Gem, ColossusXT Ticks All the Boxes.

Concerns

Team Members Are Hidden Behind Aliases. They May Be Well Known among the Cryptocurrency Community but for Regular Investors Looking to Delve into the Background of the Creators of ColossusXT, Research Is Pretty Hard. These Guys Don’t Have Public Linkedin’s Available but Considering ColossusXT Is All about Privacy, This Is Fitting. It Should Be Noted That The Team HAS Attended Events Such As the London Cryptocurrency Investors Show in 2018, Showing They’re Confident With Their Product.
Plenty of Competition in the Privacy Coin Space. Projects like Verge, Monero, Dash, Nano, Etc, All Have Some Kind of “Point of Difference” Such as Privacy, Fee-less Transactions, Instant Transactions and More. ColossusXT Seems to Find a Great Mix of All of Those. We Do Not See Any Major Features Missing but the Competition Should Be Watched Carefully.
No Other Major Concerns for ColossusXT. The Exchanges They’ve Managed to List on Don’t Offer a Lot of Volume at the Time of Writing (May 8th, 2018) Which Looks to Be Keeping the Project Pretty under the Radar at This Time. We’ve Got No Doubt COLX Will Be a Great Hold for Investors in the Long Term.