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Topic: [ANN] ColossusXT (COLX) Private| Sustainable| Grid Computing - Mandatory Update - page 15. (Read 149117 times)

member
Activity: 198
Merit: 13
I would like to understand on which exchange it is better to do it and does the COLX team have a support team that can help with setting up a master node?

Cryptopia can be used I believe.

Team has well documented wiki pages for setups updates and is also available for assistance under discord support channels: https://discord.colossusxt.io

One other option is to consider using third party easy masternode setup services to ease this part if you like, like using partner options (ie Linda MyStakingWallet)

For reference, some recent ColossusXT Setup Guides below:

Windows / Mac 1.1.1 Wallet Install / Update Guide https://wiki.colossusxt.io/index.php?solution_id=1031

Windows / Mac Wallet Staking Guide: https://wiki.colossusxt.io/index.php?solution_id=1032

Linux / VPS 1.1.1 Wallet Install Guide:  https://wiki.colossusxt.io/index.php?solution_id=1025

Linux / VPS 1.1.1 Wallet Update Guide: https://wiki.colossusxt.io/index.php?solution_id=1029

Linux / VPS 1.1.1 Masternode Installation Guide:  https://wiki.colossusxt.io/index.php?solution_id=1030

ColossusXT Bootstrap Guide: https://wiki.colossusxt.io/index.php?solution_id=1000

How To Import Android Address into Windows / Mac / Linux Wallet: https://wiki.colossusxt.io/index.php?solution_id=1033
copper member
Activity: 252
Merit: 15
I am sure that alexyenov is mistaken or intentionally writes incorrect information  Embarrassed

Currently, I plan to become a large crypto-investor and consider COLX as one of the projects in which I plan to invest.
As you already understood, I want to acquire a master node (perhaps several master nodes). I would like to understand on which exchange it is better to do it and does the COLX team have a support team that can help with setting up a master node? I am not a very good technician, but I have some money  Wink
member
Activity: 198
Merit: 13
Ofkoz COLX is not anonimouse coin, because we can see transaction history with coins ammount and sender and receiver info.
Some good coins dont provide such info in the blockchain.

This statement is not correct at all.

Do you know colx had zerocoin integration?
Read here: https://[Suspicious link removed]/jJzDja

It's not like you write.
Proof.

1) Colx transaction: https://chainz.cryptoid.info/colx/tx.dws?1143749.htm
You can see ammount: 93,454.02305407 COLX and sender's address.

2) Monero transaction:
https://moneroblocks.info/tx/a5a4bb09b1710645b7634f45a0b3e7845c17e37bb2df8366a1805ab860e96d70
Confidential Transaction — amounts are not disclosed, the REAL sender's address is not showed.

Colx is not fully SAFE coin for NOW.
 Embarrassed






Lol, this is normal transaction, with zcolx it’s not possible to see sender.
Please investigate more before writing stuff Smiley
copper member
Activity: 252
Merit: 15

https://medium.com/@colossusxt/intro-82bd17738e92‬
Error 404. We couldn't find this page.

If you actually copy and paste the address in a browser it works but it adds some stuff to link when directly clicked from here.
You can try here: https://[Suspicious link removed]/jJzDja

This is not same link ciwox posted above, a more detailed overview.

Thanks.
member
Activity: 198
Merit: 13

https://medium.com/@colossusxt/intro-82bd17738e92‬
Error 404. We couldn't find this page.

If you actually copy and paste the address in a browser it works but it adds some stuff to link when directly clicked from here.
You can try here: https://goo.gl/jJzDja

This is not same link ciwox posted above, a more detailed overview.
newbie
Activity: 20
Merit: 0
Ofkoz COLX is not anonimouse coin, because we can see transaction history with coins ammount and sender and receiver info.
Some good coins dont provide such info in the blockchain.

This statement is not correct at all.

Do you know colx had zerocoin integration?
https://medium.com/@colossusxt/intro-82bd17738e92‬


As xquad has noted.

COLX is both pseudonymous and anonymous.

If you know the owner of an address you could see some of the COLX history,
but if you send zCOLX it will be 100% anonymous.

Check the link above.


https://medium.com/@colossusxt/intro-82bd17738e92‬
Error 404. We couldn't find this page.

Try this one:
https://medium.com/@colossusxt/intro-fcfdd2c89b05
copper member
Activity: 252
Merit: 15
Ofkoz COLX is not anonimouse coin, because we can see transaction history with coins ammount and sender and receiver info.
Some good coins dont provide such info in the blockchain.

This statement is not correct at all.

Do you know colx had zerocoin integration?
https://medium.com/@colossusxt/intro-82bd17738e92‬


As xquad has noted.

COLX is both pseudonymous and anonymous.

If you know the owner of an address you could see some of the COLX history,
but if you send zCOLX it will be 100% anonymous.

Check the link above.


https://medium.com/@colossusxt/intro-82bd17738e92‬
Error 404. We couldn't find this page.
newbie
Activity: 20
Merit: 0
Ofkoz COLX is not anonimouse coin, because we can see transaction history with coins ammount and sender and receiver info.
Some good coins dont provide such info in the blockchain.

This statement is not correct at all.

Do you know colx had zerocoin integration?
https://medium.com/@colossusxt/intro-82bd17738e92‬


As xquad has noted.

COLX is both pseudonymous and anonymous.

If you know the owner of an address you could see some of the COLX history,
but if you send zCOLX it will be 100% anonymous.

Check the link above.
member
Activity: 198
Merit: 13
Is it true that master node price was about $150k in December/January?

Yes.

At the moment it’s around $6-7k

See some details here:
https://masternodes.online/currencies/COLX/

Thank you.
It is still a lot of money. Do you think the price will go back to January level?

Check out below article. For a community project with volunteers like myself, ColossusXT delivered a lot in a year span. I am proud of achievements as a community member and I expect growth considering the micro market cap. I believe it’s a matter of time and exposure at this point. I am optimistic myself but please do your own research, check out how active support is provided in their discord/telegram when needed, how active team is in conversations when needed etc.
https://medium.com/@colossusxt/colossusxt-a-year-in-review-4d7083804667


Thanks for the link. You guys really have done a lot.
Could you please shortly explain what is the difference between ZeroCoin protocol and ARMIS and why it it is needed? I have read this article https://medium.com/@colossusxt/intro-ab67b41efacd and haven't understood the end goal of ARMIS. The make the anonymous and private Colossus even more private?

This is correct. It’s an additional I2P network privacy layer.
I believe these parts from the text sums it up:

For a typical cryptocurrency transaction a user creates a message which is broadcast to the blockchain’s network which consists of nodes. These nodes communicate with each other by directing messages using ip addresses. This means it may be possible to geographically trace a transaction over the open internet from start to finish. Even though technologies exist which offer anonymity in transactions, a user is taking a risk broadcasting a transaction as some of the network nodes may be logging ip addresses. An adversary with enough resources could use this information to determine where a transaction originates.

Connecting to the COLX network will obscure node’s ip address making passive surveillance impractical while improving COLX’s censorship resistance.


A little bit funny situation.
If nodes may log transaction origination IPs than we can say that Colossus is 100% not anonymous.

It’s not specific to colx, that’s the case for all cryptos.
member
Activity: 198
Merit: 13
Ofkoz COLX is not anonimouse coin, because we can see transaction history with coins ammount and sender and receiver info.
Some good coins dont provide such info in the blockchain.

This statement is not correct at all.

Do you know colx had zerocoin integration?
Read here: https://goo.gl/jJzDja
copper member
Activity: 252
Merit: 15
I have a question regarding staking (minting).

Every time i receive colossus coin, They stake only once and nothing more. if i receive again the new coins stake once also.

they are not like other coins that generates coins every specific period of time.

Do you have the same issue Huh

Maybe I am wrong but I understand it this way (that is how PoS works):
For example you receive 2000 colx. In some period of time they should get mature and participate in the staking. When your 2000 coins stake they will split and you get 1240 colx + 1240 colx. Then these two parts (1240 colx and 1240 colx) will be participating in staking and so on.

This never happened to me. They stake only once and i wait for one week and nothing happen only new coins stake but staked ones don't stake again.

I have 600,000.00 Colx + in my wallet. i guess it is a good number for staking.

As I see the process:
Very probably you divided your coins in small chunks which either cannot stake or it takes a lot of time to stake. If you put 600k as a one chunk the coins should stake very fast. You will get 300240 and 300240 and these two pieces also should stake fast. Of course it will be taking more and more time to stake for the forthcoming chunks.


Thank you Sedocoindev
It seems right. I will try again and send them all to me in one address and recheck.


You are welcome.
If you don't forget please let me know the results. I am curious as I study the sphere of the blockchain.
copper member
Activity: 252
Merit: 15
Is it true that master node price was about $150k in December/January?

Yes.

At the moment it’s around $6-7k

See some details here:
https://masternodes.online/currencies/COLX/

Thank you.
It is still a lot of money. Do you think the price will go back to January level?

Check out below article. For a community project with volunteers like myself, ColossusXT delivered a lot in a year span. I am proud of achievements as a community member and I expect growth considering the micro market cap. I believe it’s a matter of time and exposure at this point. I am optimistic myself but please do your own research, check out how active support is provided in their discord/telegram when needed, how active team is in conversations when needed etc.
https://medium.com/@colossusxt/colossusxt-a-year-in-review-4d7083804667


Thanks for the link. You guys really have done a lot.
Could you please shortly explain what is the difference between ZeroCoin protocol and ARMIS and why it it is needed? I have read this article https://medium.com/@colossusxt/intro-ab67b41efacd and haven't understood the end goal of ARMIS. The make the anonymous and private Colossus even more private?

This is correct. It’s an additional I2P network privacy layer.
I believe these parts from the text sums it up:

For a typical cryptocurrency transaction a user creates a message which is broadcast to the blockchain’s network which consists of nodes. These nodes communicate with each other by directing messages using ip addresses. This means it may be possible to geographically trace a transaction over the open internet from start to finish. Even though technologies exist which offer anonymity in transactions, a user is taking a risk broadcasting a transaction as some of the network nodes may be logging ip addresses. An adversary with enough resources could use this information to determine where a transaction originates.

Connecting to the COLX network will obscure node’s ip address making passive surveillance impractical while improving COLX’s censorship resistance.


A little bit funny situation.
If nodes may log transaction origination IPs than we can say that Colossus is 100% not anonymous.
member
Activity: 198
Merit: 13
Is it true that master node price was about $150k in December/January?

Yes.

At the moment it’s around $6-7k

See some details here:
https://masternodes.online/currencies/COLX/

Thank you.
It is still a lot of money. Do you think the price will go back to January level?

Check out below article. For a community project with volunteers like myself, ColossusXT delivered a lot in a year span. I am proud of achievements as a community member and I expect growth considering the micro market cap. I believe it’s a matter of time and exposure at this point. I am optimistic myself but please do your own research, check out how active support is provided in their discord/telegram when needed, how active team is in conversations when needed etc.
https://medium.com/@colossusxt/colossusxt-a-year-in-review-4d7083804667


Thanks for the link. You guys really have done a lot.
Could you please shortly explain what is the difference between ZeroCoin protocol and ARMIS and why it it is needed? I have read this article https://medium.com/@colossusxt/intro-ab67b41efacd and haven't understood the end goal of ARMIS. The make the anonymous and private Colossus even more private?

This is correct. It’s an additional I2P network privacy layer.
I believe these parts from the text sums it up:

For a typical cryptocurrency transaction a user creates a message which is broadcast to the blockchain’s network which consists of nodes. These nodes communicate with each other by directing messages using ip addresses. This means it may be possible to geographically trace a transaction over the open internet from start to finish. Even though technologies exist which offer anonymity in transactions, a user is taking a risk broadcasting a transaction as some of the network nodes may be logging ip addresses. An adversary with enough resources could use this information to determine where a transaction originates.

Connecting to the COLX network will obscure node’s ip address making passive surveillance impractical while improving COLX’s censorship resistance.
jr. member
Activity: 214
Merit: 2
I have a question regarding staking (minting).

Every time i receive colossus coin, They stake only once and nothing more. if i receive again the new coins stake once also.

they are not like other coins that generates coins every specific period of time.

Do you have the same issue Huh

Maybe I am wrong but I understand it this way (that is how PoS works):
For example you receive 2000 colx. In some period of time they should get mature and participate in the staking. When your 2000 coins stake they will split and you get 1240 colx + 1240 colx. Then these two parts (1240 colx and 1240 colx) will be participating in staking and so on.

This never happened to me. They stake only once and i wait for one week and nothing happen only new coins stake but staked ones don't stake again.

I have 600,000.00 Colx + in my wallet. i guess it is a good number for staking.

As I see the process:
Very probably you divided your coins in small chunks which either cannot stake or it takes a lot of time to stake. If you put 600k as a one chunk the coins should stake very fast. You will get 300240 and 300240 and these two pieces also should stake fast. Of course it will be taking more and more time to stake for the forthcoming chunks.


Thank you Sedocoindev
It seems right. I will try again and send them all to me in one address and recheck.
copper member
Activity: 252
Merit: 15
I have a question regarding staking (minting).

Every time i receive colossus coin, They stake only once and nothing more. if i receive again the new coins stake once also.

they are not like other coins that generates coins every specific period of time.

Do you have the same issue Huh

Maybe I am wrong but I understand it this way (that is how PoS works):
For example you receive 2000 colx. In some period of time they should get mature and participate in the staking. When your 2000 coins stake they will split and you get 1240 colx + 1240 colx. Then these two parts (1240 colx and 1240 colx) will be participating in staking and so on.

This never happened to me. They stake only once and i wait for one week and nothing happen only new coins stake but staked ones don't stake again.

I have 600,000.00 Colx + in my wallet. i guess it is a good number for staking.

As I see the process:
Very probably you divided your coins in small chunks which either cannot stake or it takes a lot of time to stake. If you put 600k as a one chunk the coins should stake very fast. You will get 300240 and 300240 and these two pieces also should stake fast. Of course it will be taking more and more time to stake for the forthcoming chunks.
member
Activity: 198
Merit: 13
I have a question regarding staking (minting).

Every time i receive colossus coin, They stake only once and nothing more. if i receive again the new coins stake once also.

they are not like other coins that generates coins every specific period of time.

Do you have the same issue Huh

Maybe I am wrong but I understand it this way (that is how PoS works):
For example you receive 2000 colx. In some period of time they should get mature and participate in the staking. When your 2000 coins stake they will split and you get 1240 colx + 1240 colx. Then these two parts (1240 colx and 1240 colx) will be participating in staking and so on.

This never happened to me. They stake only once and i wait for one week and nothing happen only new coins stake but staked ones don't stake again.

I have 600,000.00 Colx + in my wallet. i guess it is a good number for staking.


With this amount, you should be getting on average 2,5 days a reward of 480 colx (This does not mean you will get it for sure, it can be in 1 day or 5 days etc).
This is regardless of the inputs you might have, calculated from total balance.
copper member
Activity: 252
Merit: 15
Is it true that master node price was about $150k in December/January?

Yes.

At the moment it’s around $6-7k

See some details here:
https://masternodes.online/currencies/COLX/

Thank you.
It is still a lot of money. Do you think the price will go back to January level?

Check out below article. For a community project with volunteers like myself, ColossusXT delivered a lot in a year span. I am proud of achievements as a community member and I expect growth considering the micro market cap. I believe it’s a matter of time and exposure at this point. I am optimistic myself but please do your own research, check out how active support is provided in their discord/telegram when needed, how active team is in conversations when needed etc.
https://medium.com/@colossusxt/colossusxt-a-year-in-review-4d7083804667


Thanks for the link. You guys really have done a lot.
Could you please shortly explain what is the difference between ZeroCoin protocol and ARMIS and why it it is needed? I have read this article https://medium.com/@colossusxt/intro-ab67b41efacd and haven't understood the end goal of ARMIS. To make the anonymous and private Colossus even more private?
jr. member
Activity: 214
Merit: 2
I have a question regarding staking (minting).

Every time i receive colossus coin, They stake only once and nothing more. if i receive again the new coins stake once also.

they are not like other coins that generates coins every specific period of time.

Do you have the same issue Huh

Maybe I am wrong but I understand it this way (that is how PoS works):
For example you receive 2000 colx. In some period of time they should get mature and participate in the staking. When your 2000 coins stake they will split and you get 1240 colx + 1240 colx. Then these two parts (1240 colx and 1240 colx) will be participating in staking and so on.

This never happened to me. They stake only once and i wait for one week and nothing happen only new coins stake but staked ones don't stake again.

I have 600,000.00 Colx + in my wallet. i guess it is a good number for staking.
copper member
Activity: 252
Merit: 15
I have a question regarding staking (minting).

Every time i receive colossus coin, They stake only once and nothing more. if i receive again the new coins stake once also.

they are not like other coins that generates coins every specific period of time.

Do you have the same issue Huh

Maybe I am wrong but I understand it this way (that is how PoS works):
For example you receive 2000 colx. In some period of time they should get mature and participate in the staking. When your 2000 coins stake they will split and you get 1240 colx + 1240 colx. Then these two parts (1240 colx and 1240 colx) will be participating in staking and so on.
member
Activity: 198
Merit: 13
I have a question regarding staking (minting).

Every time i receive colossus coin, They stake only once and nothing more. if i receive again the new coins stake once also.

they are not like other coins that generates coins every specific period of time.

Do you have the same issue Huh

This is not an issue.

The amount of coins you hold defines the frequency of rewards you can get.
Your coins are competing with total number of staked coins and every block somebody gets the staking reward of 480colx (Additional info: There are 1440 blocks a day).

You can use the calculator to check estimated average reward frequency based on the amount of coins you hold here: https://calculator.colossusxt.io
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