Ethereum’s smart contract capabilities have improved the usability of blockchain technology.However Request Market to product ratio development On the same blockchain, I don’t agree with the creation of Vitalik. And, of course, the demand for such innovations is constantly increasing, so new blockchains are rising to “replace.” Ethereum..
The three basic challenges facing the Ethereum blockchain are poor scalability, poor user experience, and poor developer experience. Some of Ethereum’s so-called “exchanges” run systems that destroy one of the three qualities of a true blockchain network. It can be security, decentralized, or scalable.
Instead of being developed in the same way Invariant X It is designed to solve Ethereum problems while ensuring the three qualities of a true blockchain network.
What is Immutable X?
Immutable X is the first Layer 2 scaling solution built on the Ethereum blockchain to help scale NFT adoption at zero gas rates for non-fungible mining and trading.
This innovation ZK roll-up engine, API abstraction layerAnd other advanced technology systems – all implemented without compromising the security, decentralization, or scalability of the ecosystem.
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Features of Immutable X
With Immutable X, developers and users build and use products on the Ethereum blockchain without sacrificing security. Immutable X’s features that make this possible include:
The ZK-Rollup Scaling Engine was developed by StarkWare to enhance the scalability of Ethereum networks without compromising security. This is done by combining many transactions and then generating a “proof of validity” that is sent to the L1 smart contract.
Therefore, for Immutable X, this rollup can perform over 9,000 NFT transfers, trades, and mint per second.
This simplifies the most complex processes such as creating an NFT. The scaling engine above is written to follow an asynchronous pattern rather than asynchronous, using the API abstraction layer.
The synchronization process blocks unwanted processes and provides the expected results of ImmutableX activated actions.
While using most wallets, users need to modify their network to match the assets they send and receive. For immutable X, the opposite is true. First, Immutable X supports all Ethereum wallets.
However, the support is seamless. Users do not need to switch networks when performing activities using wallets on the Immutable X platform. Immutable X links match seamlessly and operations are performed without security risks.
Immutable X creates software development kits (SDKs) that enable intercommunication between the ecosystem and various protocols in terms of programming languages and operating systems.
As part of your plans, Immutable X can be easily integrated with Android, iOS, Unity and Unreal. This saves a lot of time and reduces stress for developers, investors, and users interacting with Immutable X.
- Shared liquidity and order book
This is related to market activity. For example, orders created in OpenSea can be processed in the Rarity Marketplace. And this promotes price transparency for users and buyers of blockchain assets.
Therefore, Immutable X creates an option to allow sharing of global order books. This will display the marketplace built on ImmutableX without a back end.
- World-class partner compliance and support
In response to the need for regulatory and legal assistance, Immutable X wants a platform that guarantees users the security of the assets they invest in.
“Immutable X is fully legal and a reliable partner for these large projects, providing a platform to hold them on Ethereum.” To tell website.
- Default marketplace and transaction history
The Immutable X platform has a market for trading blockchain assets like NFTs. In addition to the low barriers to entry provided by Immutable X, there is a transaction history for all accounts for review, trust, and reliability.
Invariant X
Immutable X Tokenomics
The ERC-20 utility token, IMX, is the native currency of ImmutableX Metaverse. IMX is used for paying fees. These fees range from NFT purchases to interchange fees.
Another use of IMX is staking. Holders of IMX tokens will be rewarded according to the tokens they bet on and compared to those held by other stackers.Click here to understand how to stake Works..
The final use case for IMX is governance. Here, the owner can generally decide which changes to implement in the ecosystem. Some of the changes are about how to allocate token reservations, vote for developer grants, activate daily rewards, and change the supply of tokens.
Immutable X project
The Immutable X platform has over 150 projects.These include: Cooler cat, CryptoXolo, Cyber Galz, TikTok’s top moment, Unusual insignia, Kolectiv, High Rise Creature Club, Guardian Heroes Guild, GreenPark Sports, God’s invariant…
Teams and partners behind Immutable X
James Ferguson CEO and co-founder of Immutable.He has been feature He holds a bachelor’s degree in law and commerce from the University of Sydney with a Forbes 30 Under 30 degree. James worked as a lead front-end developer at Appliances Online and co-founded Shopyak.
Robbie Ferguson A brother of James Ferguson and one of the co-founders of Immutable.Like his brother, he Named Forbes 30 Under 30 is on the list. Thiel Fellow dropped out of the University of Sydney, where he was studying computer science and law. He works for KPMG’s Blockchain Data Analysis and has experience in JavaScript, Solidity, web development, and public speaking.
Alex Connolly Is the CTO and another co-founder of Immutable X. His best skills extend to leadership, computer science, blockchain, and public speaking. He is studying for a bachelor’s degree in computer science and law from the University of Sydney.
Irina Lebedeva I am the cryptographic product manager for Immutable X, which specializes in NFTs. She holds degrees in International Economics and Finance, Management, Sustainable Development and Strategic Management of Energy. Irina has worked as a product advisor for Blockgeeks and Xfinite.
Aakash Mandhar Vice President of Studio Engineering @ Immutable. He is a technical leader with experience as an advisor and angel investor. Aakash has worked with Microsoft, Yahoo, and Hp to develop software.
Greg Williams Is the Treasury Director of Immutable X. He is a CPA, CGMA with a Bachelor of Business degree from the University of Queensland. Greg has extensive experience in financial analysis, financial services and investment banking. He was CFO at Whitehat Agency and Spitfire Corporation.
Other team members are: Chris ClayVP & Game Director, Gods Unchained at Immutables; Dane ShayImmutable lead sales engineer. Olga WarramovaImmutable Product Manager. Amelia BrownImmutable Business Operations and Strategy Leader. Kevin McHugh, Engineering Director of Immutable.When Samuel TanThe integration is immutable and leads.
Some of their partners and investors Coinbase, Naspers, Continue capital, Tencent, Animoka brand, Liberty Global, Parafi Capital, Arlington XRP Capital, Fabric venture, Declaration partner, AirTree Ventures, Alameda ResearchWhen King River Capital..
Conclusion
For Immutable X, the focus is to combine all the positive technical attributes of Ethereum to make it seamless for NFT users and developers. This seamlessness is associated with the fact that these DeFi features run faster, faster, and without gas charges. Trilemma The blockchain is completely taken care of.
