⛓
Immutable X
Our main technological partner
Immutable X is a layer 2 scaling solution for Ethereum that uses sharding to increase the number of transactions that can be processed on the network. It was developed by the team behind the crypto wallet provider, Immutable, and is designed to be a more efficient and cost-effective way to handle high volumes of transactions on the Ethereum blockchain.
Immutable X's main advantages are its ability to handle high volumes of transactions and its cost-effectiveness. The use of sharding allows for a much larger number of transactions to be processed simultaneously, which can help to alleviate the scalability issues that are currently faced by the Ethereum network. Additionally, because Immutable X is a layer 2 solution, it doesn't require changes to be made to the underlying Ethereum protocol, which can help to keep costs down.
No transaction fees. High transaction fees are a common problem. The global NFT market operates primarily on the Ethereum network, which has seen a marked increase in the number of transactions. This substantial increase in activity has led to an inevitable rise in transaction fees of $30 to $150, on average.
Increased, simultaneously-running transactions. A single blockchain indeed cannot be relied upon to physically or economically facilitate the ever-growing numbers of transactions in a rapidly expanding digital space. Future projects to be developed upon the blockchain will undoubtedly require more significant, faster, and more complex transactions. Therefore, new, innovative, and smartly allocated blockchains that employ customizable, designer-style characteristics need to be developed and utilized. Immutable X provides additional security features such as fraud proofs, which can help protect dApps from malicious attacks and improve overall security
Immutable X provides a more user-friendly smart contract development environment, which allows developers to more easily create, test and deploy their smart contracts, without the need for specialized knowledge.
Immutable X allows for the creation of non-fungible token (NFT) marketplaces that use the same smart contract and the same code base as Ethereum, but with the benefits of Immutable X's scaling technology.
Immutable X announced partnerships with several projects and companies in the crypto gaming and entertainment industries, such as Gamestop, Disney/Marvel/Pixar, Rarible, Cross The Age, Immortal Game and Illuvium.
Last modified 1mo ago