The biggest problem facing the crypto gaming market is that NFTs can be slow and expensive. Immutable X is a layer-2 scaling solution for non-fungible tokens. With Immutable X, users can trade their non-fungible assets quickly and affordably while still upholding the accuracy of their blockchain history.
Immutable X is a layer-2 scaling solution for non-fungible tokens.
Immutable X is a layer-2 scaling solution for non-fungible tokens. It is a second-layer scaling solution because it does not change the Ethereum blockchain in any way and it allows users to move transactions off-chain. Immutable X is the most advanced NFT scaling solution ever made. It was built using StarkWare’s powerful STARK prover and rollup technology.
Transactions on the Ethereum network can get expensive and slow.
The enormous increase in activity on Ethereum has caused network congestion and long transaction times. It has also raised the price of gas fees, making transactions uneconomical for many users and pricing out developers and traders.
Transaction throughput will be so low that trading costs for common gaming microtransactions will continue to be high even after Ethereum 2.0 is fully implemented.
Immutable X was developed to address the ERC 721 tokens’ scaling issues by off-chaining transaction processing.
Immutable X is a new protocol for performing transactions off-chain. The goal is to move transactions off-chain while maintaining the token’s blockchain integrity by ensuring that each transaction is completed before proceeding to the next.
This system makes it possible for large numbers of transactions to be carried out quickly and privately, since only those participating in the process can see what has been done on the blockchain itself. This means that users don’t have their personal information exposed when purchasing or selling IMX tokens.
The Immutable X contract lives on Ethereum.
The Immutable X contract lives on Ethereum. This means that the Immutable X contract can be used to create and manage NFTs, verify transactions, mint new NFTs, and transfer NFT ownership from one holder to another.
Immutable X uses zero-knowledge proofs to prove on Ethereum that a transaction has occurred.
A zero-knowledge proof is a way of proving something without revealing any data about it. Zero-knowledge proofs are useful for proving things about encrypted data. If you want to know something about encrypted data but don’t want to reveal what’s inside, then you can use zk-SNARKs or other types of zk-proofs (the term “zero knowledge” is sometimes used as shorthand).
When a new NFT is minted, it’s only minted once on Ethereum, and then moved onto the Immutable X solution.
The Immutable X contract resides on Ethereum but contains all of the information about each NFT. It works like an immutable database that no one can change and can only be accessed with private keys or an account’s public key hash.
The public key hash is a string of characters that represents your identity on Ethereum. To interact with any smart contract that uses public-key cryptography (which includes most of them), you either need to provide a signature or the matching private key.
Each game (dApps) interacts with its NFTs through an API provided by Immutable X.
Immutable X, a blockchain-based decentralized application (dApp) framework, comes with a set of robust REST APIs. From minting new tokens to trading them and transferring ownership, every interaction with Immutable X is as simple as an API call.
The team has already launched several games (dApps) on the platform, including a collectible card game and an augmented reality mobile game that works across multiple platforms.
Immutable X will enable a new generation of games that are not possible today.
Immutable X is a new way to transfer non-fungible tokens (NFTs) on Ethereum.
Immutable X has created a platform for creating fast, cheap transfers of millions of items per user, with powerful features like full interoperability between different games and direct sales between players.
Immutable X will allow for a new generation of games (dApps) that were previously impossible on the Ethereum blockchain.