Bitcoin Press Release: ColossusXT presents a cryptocurrency that tackles points presently plaguing digital Coins of immediately by bringing velocity, effectivity, and privateness. The Colossus Grid is a framework for sharing and using computational energy and storage.
October 24th, 2018, Wyoming, USA – Blockchain startup ColossusXT will address a number of digital coin points with its decentralized grid, providing superior ranges of velocity, effectivity, and privateness than nearly all of options. In a sea of digital Coins, ColossusXT goals to face out, utilizing a framework referred to as Colossus Grid.
ColossusXT offers an vitality environment friendly technique of supercomputing and presents a collection of distinctive attributes that separate it from many different cash of an identical nature. For instance, some cash have only one layer of privateness the place ColossusXT and the Colossus Grid will make the most of two layers of privateness by way of Obfuscation Zerocoin Protocol, and Armis (I2P) I2P. These will shield customers of the Colossus Grid as they make the most of grid assets.
ColossusXT makes use of Masternodes and Proof of Stake which each contributes to lowering 51% assaults, together with immediate transactions and zero-fee transactions. This safety is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing may have a pivotal position all through the world, and this implies is that customers will start to expertise the Internet as a seamless computational universe.
Software purposes, databases, sensors, video, and audio streams-all can be reborn as providers that reside in our on-line world, assembling and reassembling themselves on the fly to fulfill the duties at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the opposite computer systems on the grid.
PoS vs PoW
Users don’t have to have numerous cash with a view to stake on PoS. This will decide how usually they’re rewarded however can stake with as little as 1000 ColossusXT (COLX). Staking Calculator: https://calculator.colossusxt.io/staking
ColossusXT additionally has two safety protections that aren’t provided with PoW. PoS offers extra safety to forestall unhealthy actors from attacking the chain. The firm’s second layer is Master-node Technology. ColossusXT’s (TPS) can be presently sooner than Litecoin, and has a characteristic for zero-fee transactions.
Instead of utilizing extra advanced protocols to create workaround the above-mentioned points, CollosusXT offers less complicated options. The drawback that ColossusXT addresses an absence of computational energy to course of all of the DATA. (There are hundreds of teraflops of DATA on a regular basis), ColossusXT will present an revolutionary resolution, which is to make use of already current computing energy by way of the Colossus Grid, which may then be utilized to investigate the DATA in addition to storing DATA by way of the Colossus Grid’s decentralized storage.
Website – https://colossusxt.io/
Whitepaper – https://colossusxt.io/whitepaper/
Twitter – https://twitter.com/colossuscoinxt
Facebook – https://www.facebook.com/ColossusCoin/
Telegram – https://t.me/colossuscoin
Discord – https://discord.colossusxt.io
Reddit – https://www.reddit.com/r/ColossuscoinX/
Contribute an Idea – https://governance.colossusxt.io/proposals
ColossusXT is the supply of this content material. Virtual foreign money is just not authorized tender, is just not backed by the federal government, and accounts and worth balances usually are not topic to shopper protections. Cryptocurrencies and cash are extraordinarily risky. There isn’t any assure of a secure worth, or of any worth in any respect. Coinsales are solely appropriate for people with a high-risk tolerance. Only take part in a coinevent with what you may afford to lose.
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