ColossusXT is ready for business with the Federal Government

ColossusXT
4 min readJul 15, 2020

Through 2019 and into 2020, the blockchain industry has had ups and downs in the market. Projects have died, new projects have started, and plans have come together for collaboration in the industry to push for adoption. The blockchain industry still has a long way to go through simplifying wallet access for consumers who are not tech-savvy, all the way up to more definite rules and regulations. Which we have come to believe regulations are necessary moving forward in this industry. You cannot have a wild west like attitude in a technology-driven world, and we have that today, especially when it comes to exchanges, ICO/IEO’s and unsavory marketing tactics.

ColossusXT is a small project in comparison to these large ICO/IEO driven projects, but it’s a project built by the community, for the community. You don’t have to go far to realize it’s potential, you just have to stop and take a look; The Colossus Grid is the primary use-case for ColossusXT which will allow users to opt-in to share their idle resources (RAM/GPU/CPU/Storage) on their computers, while other consumers can come in and rent these unused resources to complete simulations, cryptocurrency mining, climate research, and molecular modeling…

Outside of the niche industries, we also plan to apply a heavy focus towards cybersecurity firms. It’s expensive to both own and maintain a supercomputer, millions of dollars a year. The Colossus Grid will make supercomputing power available to cybersecurity analysts from their work or home PC at 1/10th the costs of traditional supercomputing. No more scheduling time to access the supercomputer, and no more worrying about going over your allotted time. You can access from your office, home, or cubical to process large DATA through the Colossus Grid under the foundations of the privacy-centric ecosystem of ColossusXT. As our focus will revolve around cybersecurity, the Colossus Grid will provide computing power for AI & machine learning applications for defense purposes should we be awarded defense contracts.

ColossusXT aims to disrupt the computing industry over the next five years by providing transparency through privacy. In the last five years, you can see how consumer privacy has become a staple of online discussion from Cambridge Analytica, Facebook, and, most recently…

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ColossusXT

ColossusXT (ticker: COLX) is a community oriented digital privacy coin focusing on cloud computing & decentralization. Web: https://colossusxt.io