Introduction
Immutable X is a layer 2 technology on the Ethereum blockchain that improves NFT scaling.
The network was launched in 2018 by brothers James and Robbie Ferguson. It implements instant transaction confirmation and close to zero gas fees when trading and creating NFTs on the Ethereum network. Thanks to zKRollup technology, which can process up to 9,000 transactions per second, Immutable X can provide high throughput without compromising the security of users’ assets.
Ethereum
Ethereum may be a popular blockchain, but high fees and limited blockchain throughput have become problems for both developers and ordinary users. Immutable X was created precisely to solve the problems of convenience and accessibility of the NFT world for all users.
The developers of Immutable X also claim that the network is resistant to external attacks and fraud.
By creating the most decentralized and stable blockchain protocol, the Immutable X team attracts many users and developers. The IMX token, being the native token of the platform, plays a key role in the Immutable X economic system. It simplifies the processes of using the network, trading within it and developing applications. The IMX token also allows you to receive passive income through staking and participate in the management mechanism of the platform itself.
Conclusion
As the world of NFTs evolves, so do the ecosystems that support them. Immutable X is a great example of progress in this industry. Reduced gas costs, increased throughput, increased liquidity, increased opportunities for developers – these are just some of what Immutable X offers.