Technical solution

Compared with other L2 protocols, Immutable X is the first layer 2 expansion solution on Binance Chain that focuses on NFT and chain games. It has stronger pertinence and applicability. It supports ultra-high TPS: the engine supports every second Over 9000 transactions;

Zero GAS fee: users will not pay gas fees for minting or exchanging assets; maintain user rights and interests: Binance Chain promises zero-knowledge proof, users can always verify and withdraw their assets; Timely transactions: achieve second-level minting on Immutable X, Buy, sell and transfer assets. Because of its mature design and perfect mechanism, Immutable X is known as the engine of Binance Chain Games.

The current TVL of Immutable X is 40.56m. According to Dapprader, there are 76 Dapps in the IMX ecosystem, mainly NFT and game projects. Although there are a large number of Dapps, they lack enough active users. Gods Unchained is the only card game project with more than 1,000 daily active users. When your funds are less than 1W, the handling fee for participating in NFT Defi transactions may be higher than your agricultural income.

It is reflected from the side that GAS FEE has greatly hindered the motivation of ordinary users to participate in Binance Chain transactions, and the same is true of the NFT market. The Layer 2 expansion plan for Immutable x BNB NFT transactions can greatly improve this situation, because it can be used for developers. Tokens and transactions with zero GAS fee are provided to producers and consumers.

What is Immutable x's L2 solution to achieve 0 gas cost?

Immutable x originally introduced batch zero knowledge proofs, which compress the amount of information Binance Chain needs to transact or create NFTs.

Immutable uses this technology to compress the information volume of NFT transactions and greatly reduce the cost per unit. The larger the transaction volume, the smaller the snapshot data, and the proof cost is close to zero. This is the implementation principle of zero gas cost.

Let's look at scalability. The so-called scalability refers to the network effect of large-scale applications with rapid transaction expansion after transaction costs are reduced. Currently, the speed of NFT transactions on the Binance network cannot be met. Confirm multiple transactions per second, support up to 150,000 NFT transactions/day, and network utilization is only 30%.

The L2 scaling scheme of immutable X has a speed of up to 9000+TPS, so immutable X consumes less than 30% of the Binance Coin capacity and supports hundreds of millions of transactions per day.

Immutable x can also successfully solve the time-consuming problem that Binance users are most troubled by. Without fast transaction confirmation, it is difficult for users to continuously forge NFTs, and it is difficult for projects to develop.

Immutable's network is stable and reliable, enabling real-time transactions, and asset transfers can be completed instantly. Its technology solves the problems of security, low cost and speed in NFT transactions.

These technical advantages will increase people's demand for NFT transactions, and the increase in liquidity will make the secondary market prosperous, eventually allowing more developers and technical elites to join the NFT industry. Many NFT project parties have discovered the great value of Immutable X and cooperated with it. Immutable X's solution fully meets the actual needs of NFT expansion.