Immutable X (IMX) is a Decentralised Networks crypto token. Immutable X was founded on 2021-07-18 on the ETHEREUM ecosystem. More information can be found at https://www.immutable.com/.
Key Technical Advantages:
Layer-2 Blockchain: Immutable X is a layer-2 blockchain built on top of Ethereum, addressing issues such as high gas fees, power usage, and network congestion. It enables building and managing NFT projects with zero gas fees, quick trade confirmations, and scalable infrastructure for games, applications, and marketplaces without compromising security.
Immutable X Marketplace: The Immutable X Marketplace is a global platform for trading digital assets, including NFTs. Users can browse, buy, and sell assets listed on the global order book by other traders.
Integration with Ethereum: Immutable X allows users to deposit and withdraw ETH or IMX tokens between the Ethereum blockchain and Immutable X. This integration enables seamless interaction between the two ecosystems while maintaining the security and decentralization of Ethereum.
Community Involvement: Users can participate in various activities within the Immutable X ecosystem, such as voting on community grant proposals with their IMX tokens, proposing projects, or taking part in airdrops, partnerships, and play-to-earn campaigns.
Layer-1 and Layer-2 Networks: Immutable X is a Layer-2 protocol built on top of Ethereum, a Layer-1 blockchain. Layer-1 networks, like Bitcoin, Litecoin, and Ethereum, are the foundational blockchain technologies, while Layer-2 protocols are third-party integrations used in conjunction with Layer-1 blockchains to improve scalability and efficiency.
Content summarized by AI chatbot