ColossusCoinXT (abbreviated COLX) is a decentralized cryptocurrency that was released on 8 February 2015. It wants to provide the users a secure and private platform. Features like Colossus Grid, distributed grid computing framework and general-purpose decentralized marketplace makes ColossusCoinXT different from the others cryptocurrencies. One of its goals is to provide privacy for every user regardless of the value of the transaction and the person or organization, who is receiving it. The fees for using and trading COLX are close to zero. ColossusCoinXT can offer:• high stability of the platform• option to choose the between private and transparent transactions• high security • ease of use The primary goal of the currency is to provide a smooth user experience for the users around the world. This cryptocurrency is being reworked at the moment.