ColossusXT price is $0.00001441
| Market Rank | ? |
|---|---|
| Market Cap | ? |
| Volume 24h | $ 0.2 |
| Circ. Supply | ? |
| Total Supply | ∞ |
| Max Supply | ? |
The current price of ColossusXT (COLX) is $ 0.00001441. In the last 24 hours, it has increased by +11.52%.
ColossusXT, also known as COLX, is a decentralized, open-source peer-to-peer (P2P) cryptocurrency that enables fast, instant payments to anyone across the globe with minimal fees. It aims to offer an alternative to traditional financial systems, providing a digital method of transferring value that is free from governmental and institutional restrictions.
ColossusXT was developed by a team of anonymous cryptocurrency enthusiasts. The team aims to uphold the principles of decentralization and privacy, central aspects of most blockchain-based cryptocurrencies.
ColossusXT operates on a peer-to-peer (P2P) network. This means that transactions are conducted directly between users, without the need for an intermediary, such as a bank or payment processor. In this network, anyone can participate, and all transactions are verified through a process known as mining. Although specific details about ColossusXT's operation are not provided, most P2P cryptocurrencies work this way.
ColossusXT's uniqueness lies in its emphasis on speed and affordability. It uses advanced technology to process transactions quickly while keeping fees to a near minimum. Moreover, the currency operates on an open-source platform that promotes transparency and encourages improvement through community contribution.
Security in the ColossusXT network is typically achieved through a process known as Proof of Stake (PoS). While this is speculative based on the lack of specific details provided, most decentralized currencies use either Proof of Work (PoW) or PoS. Both of these algorithms serve to validate transactions and add them to the blockchain through a decentralised consensus mechanism.
Currently, there are COLX coins in circulation. The total supply is COLX coins.
ColossusXT's primary role in the crypto market is to facilitate quick and inexpensive peer-to-peer transactions. This makes it a practical tool for individuals and businesses looking for an efficient, decentralized payment solution.
You can purchase COLX coins on any exchange that lists it in their market pairs. Some of these CREX24, STEX, Cryptopia include well-known platforms in the crypto space.
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