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Immutable X

Immutable X is Ethereum's first ZK-rollup layer 2 protocol for transactions and transfers of NFTs, featuring instant transaction confirmation, zero gas fees, and massive scalability as it can accommodate 9,000 transactions per second. Immutable X does all of this without compromising user ownership. The protocol was built by the Starkware team using StarEx technology. In fact, StarEx allows to perform transactions outside the blockchain (on layer 2), update them, and then attest them back to the main chain. At present, Immutable X is the only project of the ETH layer-2 protocol that focuses on NFT and gamefi. If Ethereum goes further in NFT in the future, immutable x is currently the layer-2 protocol that is most likely to achieve the goal for Ethereum. It is currently settled in many well-known Projects, well-known projects that have been relocated to the IMX platform include VEVE. The VEVE platform has many IPs, such as Disney, Marvel Universe, Star Wars, etc. At the same time, illuvium is also the largest 3A-level project in the chain game that has not been launched yet. The total value of tokens has reached the level of 10 billion US dollars.
IMX core mechanism
The core of Immutable X technology is the ZK Rollup expansion solution. The data availability of ZK Rollup is kept on the chain, which meets the absolute security requirements of low-frequency large-value asset transfers. This expansion solution is also one of the most recognized by Vitalik. The ZK Rollup technology used by Immutable X was developed in cooperation with StarkWare, using StarkWare's StarkEx validator. The Immutable team has provided users with a lot of convenience, such as inventing the "Volition" system, which allows users to choose the ZK expansion solution among Validium and ZK Rollup. The data availability of Validium is kept off-chain, and it is characterized by the high efficiency of data-free verification, which meets the asset-light and high-frequency transaction needs of gamers.
Using Validity Proof means that once the proof is accepted on-chain, users can immediately confirm that these transactions are valid and immutable, and there will be no delay when funds are transferred from layer 2 to layer 1, because the funds are verified by Validity Proof , users can withdraw funds immediately. Therefore, the ZK Rollup technology optimizes the disadvantage of the longer withdrawal time of Optimistic Rollup. With ZK Rollup, there will be no delay when funds are transferred from layer 2 to layer 1 because the proof of validity accepted by the ZK Rollup contract has already verified the funds.
Summarize
The existing scalability and congestion problems of Ethereum have seriously restricted it, and at the same time caused a large number of projects to migrate to other chains.Both Ethereum and users need a solution that can increase transaction speed and reduce transaction costs while ensuring security and decentralization.Immutable X, as an Ethereum expansion solution focusing on NFT, provides a safe, reliable and efficient Ethereum L2 solution to the growing NFT community.Currently, the Immutable X ecosystem is still in an early stage of development.

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EOS, STX, IMX and MKR show bullish signs as Bitcoin searches for direction

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James Ferguson is the Founder and CEO of Immutable Systems. He previously worked at Appliances Online as a Lead Frontend Developer. James Ferguson attended the University of Sydney.

James Ferguson

Robbie Ferguson is Co-Founder and President at Immutable, a layer-2 scaling solution for NFTs on Ethereum. Ferguson spent over a year in Data Analytics and Blockchain with KPMG Australia and is an active member of YPO Sydney Pacific and a Thiel Fellow with The Thiel Foundation.

Robbie Ferguson

Alex Connolly is a CTO of Immutable. He attended the University of Sydney. At 24 he is the youngest member of the 2022 Australian Financial Review's Young Rich List.

	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Binance	1	Binance	IMX/USDT	1.3110	-10.76%	$3,966,938.07	9.0340%	2024-10-26 00:20:32
2	Upbit	2	Upbit	IMX/KRW	1,845	-8.89%	$2,619,340.57	5.9651%	2024-10-26 00:14:17
3	OKX	3	OKX	IMX/USDT	1.3112	-10.77%	$1,320,646.92	3.0075%	2024-10-26 00:21:07
4	Bitget	4	Bitget	IMX/USDT	1.3118	-10.73%	$437,183.1	0.9956%	2024-10-26 00:18:09
5	Gate.io	5	Gate.io	IMX/USDT	1.3140	-10.37%	$343,374.92	0.7820%	2024-10-26 00:19:06
6	KuCoin	6	KuCoin	IMX/USDT	1.3146	-10.43%	$299,535.76	0.6821%	2024-10-26 00:18:48
7	Kraken	7	Kraken	IMX/USD	$1.31	-10.65%	$286,756.38	0.6530%	2024-10-26 00:15:27
8	MEXC	8	MEXC	IMX/USDT	1.3120	-10.69%	$117,809.45	0.2683%	2024-10-26 00:20:26
9	BingX	9	BingX	IMX/USDT	1.3090	-10.83%	$110,364.86	0.2513%	2024-10-26 00:21:05
10	Binance	10	Binance	IMX/BTC	0.00001971	-8.45%	$109,476	0.2493%	2024-10-26 00:18:59
11	CoinW	11	CoinW	IMX/USDT	1.3116	-10.68%	$41,434.95	0.0944%	2024-10-26 00:20:27
12	Crypto.com Exchange	12	Crypto.com Exchange	IMX/USDT	1.3096	-10.95%	$20,233.82	0.0461%	2024-10-26 00:19:38

	Volume(24H)	Trading Percent
OKX	OKX	$1,321,354.61	6.0056%	Visit
Binance	Binance	$4,076,414.06	18.5274%	Visit
Kraken	Kraken	$286,756.38	1.3033%	Visit
Gate.io	Gate.io	$345,437.94	1.5700%	Visit
KuCoin	KuCoin	$299,535.76	1.3614%	Visit
Crypto.com Exchange	Crypto.com Exchange	$33,027.68	0.1501%	Visit
Bitget	Bitget	$437,183.1	1.9870%	Visit
MEXC	MEXC	$117,809.45	0.5354%	Visit
BingX	BingX	$110,364.86	0.5016%	Visit
Upbit	Upbit	$2,628,135.29	11.9449%	Visit
CoinW	CoinW	$41,434.95	0.1883%	Visit

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