ColossusXT (ticker: COLX), a decentralized, open-source peer-to-peer (P2P) Internet currency, has been listed on Masternode Buzz. The ColossusXT team describes the project as “a community-orientated, energy-efficient coin with a strong focus on decentralization, privacy, and real-world implementation.”

Following the listing, the Buzz audience can obtain vital information about deploying a COLX masternode at a glance. That being said, there are currently 215 nodes on the COLX network, masternode collateral of 10,000,000 COLX tokens.

COLX masternode is available on Flitsnode and Clicknode. For $1.99 monthly, users can deploy a COLX masternode on a shared VPS on Flitsnode. Clicknode, on the other hand, charges $3.6 monthly for either a shared or dedicated COLX masternode.

ColossusXT is on a mission “to build a truly decentralized grid platform that caters to the privacy of its users.” Using an energy-efficient proof-of-stake 3.0 protocol and a second-tier masternode network, ColossusXT is trying to find a solution to the growing need for computing power without compromising on user privacy or succumbing to the restrictions of centralization. An excerpt from the project’s website highlights its long-term goal:

The goal of COLX is to be an advanced digital currency that is fast, secure, decentralized, private, and connects all of its users for a greater purpose as part of the Colossus Grid.