About Immutable (IMX)

Immutable Frequently Asked Questions (FAQ)

What is the core technology behind Immutable's layer-two scaling solution for NFTs?


The core technology behind Immutable's layer-two scaling solution for NFTs is StarkEx, a zero-knowledge rollup. It scales Ethereum and offers instant trade confirmation, massive scalability of up to 9,000 transactions per second, and gas-free transactions while maintaining the security properties of the Ethereum mainnet.




How does Immutable's technology benefit users in terms of fees and scalability?


Immutable's technology benefits users by enabling high-speed and high-volume trading without gas fees, leveraging Layer 2 scaling on Ethereum for improved scalability. It provides a cost-efficient and seamless trading experience while maintaining the security of the Ethereum blockchain.




Can you mint traditional ERC tokens, like ERC-20 and ERC-721, on Immutable X?


Yes, you can mint traditional ERC tokens such as ERC-20 and ERC-721 on Immutable X. The platform provides a layer-2 scaling solution for Ethereum that enables gas-free and instant transactions while maintaining the security of the Ethereum network.




How has the game Gods Unchained benefited from building on Immutable?


Gods Unchained has benefited from Immutable by leveraging its layer-2 scaling solution for NFTs on Ethereum, providing users with gas-free transactions, instant trade confirmations, and improved scalability while maintaining the security of the main Ethereum network. This has enhanced the overall user experience, enabling players to freely trade and manage their in-game assets with greater efficiency and at lower costs.




Who are the key founders of Immutable and what are their backgrounds?


Immutable was co-founded by Robbie Ferguson and James Ferguson, who bring a blend of experience in entrepreneurship, blockchain, and software engineering. Robbie, with a focus on decentralized systems and product development, has a history of successful ventures, while James brings expertise from prior technical leadership roles in software companies.




What was the significant funding milestone reached by Immutable in September 2019?


In September 2019, Immutable, then known as Fuel Games, raised $15 million in a Series A funding round led by Naspers Ventures, with participation from Galaxy Digital EOS VC Fund and Apex Capital.




What are the distinguishing features of Immutable X as a layer-two solution?


Immutable X is distinguished by its zero gas fees for NFT creation and trades, instant trade confirmation, ability to maintain decentralization and user custody of assets, and carbon-neutral footprint which supports environmentally friendly NFT transactions. Additionally, Immutable X uses StarkWare's StarkEx technology for scalability without compromising on the security principles of the Ethereum mainnet.




How does Immutable X aim to attract established gaming and content companies?


Immutable X attracts established gaming and content companies by offering a scalable and environmentally friendly Layer 2 scaling solution for Ethereum that facilitates gas-free transactions, instant trades, and retains the security of the Ethereum network. Its technology provides an easy way to create and manage NFTs and other digital assets which is attractive for gaming and content creators. Moreover, Immutable X offers revenue opportunities through their marketplace and allows mainstream user experience without blockchain complexity.




What is the purpose of the 'Link' in the Immutable X ecosystem?


The 'Link' in the Immutable X ecosystem serves as the user interface portal where users can manage their digital assets, such as minting, trading, and transferring NFTs, without the need for traditional gas fees. It is designed to enhance the user experience on the Immutable X platform.




How does the shared global order book work, and what advantages does it offer?


The shared global order book on Immutable X functions as a unified platform that aggregates buy and sell orders from all users, regardless of the marketplace they use. This comprehensive system enhances liquidity, meaning assets can be traded more easily and quickly. It offers benefits such as increased match probability for orders, better price discovery, and a seamless trading experience across multiple marketplaces without the need for separate accounts or funds on each platform.




What is the role of IMX tokens within the Immutable network?


IMX tokens play a pivotal role in the Immutable X ecosystem, acting as the native utility token. They are used for governance, giving holders the power to influence decisions about the network’s future. Additionally, IMX tokens are utilized to pay for transaction fees and protocol costs, ensuring the platform remains secure and efficient. Moreover, participants can earn IMX rewards by contributing to the network's liquidity and through specific user activities.




How does Immutable secure its network and transactions?


Immutable secures its network and transactions using Ethereum's robust layer 1 security. It employs a layer 2 scaling solution, known as STARK-based zero-knowledge proofs, to ensure the integrity of transactions without compromising speed. This allows for secure, trustless trading and minting while leveraging Ethereum's decentralized ecosystem for final settlement and custody.




Why did Immutable choose to remain a layer-two solution on Ethereum?


Immutable chose to remain a layer-two solution on Ethereum to leverage the security and decentralization of the Ethereum mainnet while providing a scalable, gas-free trading environment. This allows for high transaction throughput without compromising the network's robustness.




What makes Immutable resistant to a 51% attack?


Immutable X uses a Layer 2 scaling solution for Ethereum, leveraging the security of Ethereum’s Layer 1, which is resistant to 51% attacks due to its decentralized network of validators and high hashrate. Ethereum's consensus mechanism and large, distributed pool of miners or validators make it economically and practically infeasible to achieve the majority control required for a 51% attack.




How is post-quantum security achieved in the Immutable blockchain?


The Immutable blockchain is not specifically designed with post-quantum security features. Most blockchains, including those using Ethereum layer-2 solutions like Immutable X, rely on cryptographic algorithms that are not inherently resistant to quantum attacks. Post-quantum security would require the implementation of quantum-resistant cryptographic algorithms, which is an area of active research but not yet standard in blockchain technology.