How does Immutable X work?
Immutable X uses a ZK Rollup: we take thousands of off-chain trades, generate a proof that these trades were all valid (i.e. the users who owned the assets signed the trades), and then publish that proof on chain, where it is verified by a smart contract.
During this process, the on-chain user assets are held in the smart contract, and can only be released after a valid proof including them has been published in a batch.
Who is behind Immutable X?
Immutable and StarkWare have partnered to create Immutable X, combining StarkWare's world-class layer-2 scaling knowledge with Immutable's deep understanding of the NFT space.
Why are we building Immutable X?
At the moment, trading on the Ethereum network is broken.
The network currently supports approximately 150,000 non-fungible token transactions per day at 30% network usage. Our plan is for Immutable X to support more than 200 million trades per day while consuming less than 30% of Ethereum’s capacity.
Trades can fail on occasion (returning assets to owners instead of trading), and the time they take to process is largely inconsistent, sometimes taking upwards of an hour. These aren’t only annoying for users who are attempting to trade, but can cause problems for developers building on the network. Alongside this, developers are unable to mint NFTs sustainably making it impossible for projects to properly fundraise to continue expansion and create more content for their users.
Immutable X will make building games, applications, and exchanges on Ethereum viable.
Deus phase 1
Cosmos phase 2
Metaverse phase 3
Multiverse phase 4
Utopia phase 5