Review on ColossusXT by Robiul Islam
Private Instant Sustainable Grid Computing.
For a coin that has been listed on Coinmarketcap since October 2017, it has made some serious developments without attracting a lot of attention. For investors, this is exceptionally great. Seeing a team so dedicated to a project with such an extensive roadmap, if investors are looking for a hidden gem, it ticks all the boxes.
Updated 5 years ago
Rating has not been changed
ColossusXT is now listed on SWFT Blockchain.
SWFT makes instant cross-chain swaps & payments easy.
You can buy COLX with almost 200 different cryptocurrencies on SWFT app. Also ColossusXT (COLX) has been listed on StackOfStake platform! StackOfStake is a staking and masternode investment platform. Available via web, mobile applications and API.
Pros
- Due to the technology behind it, COLX present itself with the real opportunity to use the real world as one of the best privacy coins. Featuring the proof of stake 3.0 protocol, it remains energy efficient and reduces the potential for 51% attacks.
- Transactions are private because of the obfuscation mixing mechanism, making the tracking of COLX coins incredibly hard. Usually see privacy coins held back by high confirmation times but it manages to keep an instant transaction speed at the same time as being absolutely private.
- The website has a complete whitepaper and a large library with fast explanatory video that is very well integrated. Official wallets, blockchain explorers and a Wiki are all available. Everything checks out, there are plenty of resources here for potential investors users.
Cons
- Most of the exchanges that they have been able to list do not offer a lot of volume which looks to be keeping the project pretty under the radar.
- Abundant 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.
