The live price of Immutable X (IMX) today is 3.202 USD, and with the current circulating supply of Immutable X at 1,389,224,659.39 IMX, its market capitalization stands at 4,448,348,419 USD. In the last 24 hours IMX price has moved ? USD or 0.00% while ? USD worth of IMX has been traded on various
exchanges. The current valuation of IMX puts it at #24 in cryptocurrency rankings based on market capitalization.
Learn more about the Immutable X blockchain network and how it works or follow the price of its native cryptocurrency IMX and the broader market with our unique COIN360 cryptocurrency heatmap.
Immutable X (IMX) is a layer-2 scaling solution for Ethereum that aims to provide fast, secure, and gas-free transactions for decentralized applications (dApps). Immutable X is built on top of Ethereum, utilizing its security and decentralization while solving its scalability issues. Immutable X is designed to enable developers to build dApps that can handle millions of transactions per second without compromising on security or decentralization.
Technology & Mechanism
Immutable X uses a rollup-based consensus mechanism that allows it to process transactions off-chain while still maintaining the security and decentralization of the Ethereum network. The rollup-based consensus mechanism aggregates multiple transactions into a single transaction, reducing the number of transactions that need to be processed on the Ethereum network.
Immutable X operates on the Ethereum blockchain, utilizing its security and decentralization. Immutable X uses a layer-2 scaling solution that enables it to process transactions off-chain, reducing the load on the Ethereum network. Immutable X also uses zero-knowledge proofs to ensure the privacy of transactions.
Immutable X is designed to provide fast and scalable transactions for dApps. It can handle millions of transactions per second, making it one of the fastest layer-2 scaling solutions for Ethereum.
Immutable X utilizes the security of the Ethereum network to ensure the safety of transactions. It also uses zero-knowledge proofs to ensure the privacy of transactions.
Immutable X uses zero-knowledge proofs to ensure the privacy of transactions. This means that transactions are private and cannot be traced back to the sender or receiver.
Immutable X is built on top of Ethereum, utilizing its decentralization. It also uses a rollup-based consensus mechanism that allows it to maintain the decentralization of the Ethereum network.
Development Team & Governance
Immutable X is developed by Immutable, a team of experienced developers and entrepreneurs. Immutable X is governed by a decentralized autonomous organization (DAO) that is responsible for making decisions about the future development of the platform.
Use Cases & Potential Impact
Immutable X has the potential to disrupt a wide range of industries, including gaming, finance, and supply chain management. It can enable fast and secure transactions for dApps, making them more accessible to users. Immutable X can also reduce the cost of transactions, making it more affordable for users to interact with dApps.
Purchase & Storage
How to Buy
Immutable X can be purchased on several cryptocurrency exchanges, including Binance and Huobi. Users can buy IMX using Ethereum or other cryptocurrencies.
Wallets & Storage
IMX can be stored in any Ethereum-compatible wallet, including MyEtherWallet and MetaMask. Hardware wallets, such as Ledger and Trezor, can also be used to store IMX securely.
Partnerships & Collaborations
Immutable X has partnered with several companies, including OpenSea, a leading NFT marketplace, and Gods Unchained, a popular blockchain-based trading card game.
Immutable X has several upcoming features, including support for non-fungible tokens (NFTs) and cross-chain interoperability. The team is also working on improving the user experience and adding more features to the platform.
Risks & Challenges
One of the main challenges facing Immutable X is the competition from other layer-2 scaling solutions for Ethereum. The team will need to continue to innovate and improve the platform to stay ahead of the competition.
Community & Regulatory Compliance
Immutable X has a strong and active community of developers and users who are passionate about the platform. The community is involved in the governance of the platform and helps to drive its development.
Immutable X is compliant with all relevant regulations and laws. The team is committed to ensuring that the platform is compliant with all regulatory requirements in the jurisdictions where it operates.
Immutable X is a layer-2 scaling solution for Ethereum that provides fast, secure, and gas-free transactions for dApps. It is built on top of Ethereum, utilizing its security and decentralization while solving its scalability issues. Immutable X has the potential to disrupt a wide range of industries and enable fast and secure transactions for dApps. With a strong development team, active community, and commitment to regulatory compliance, Immutable X is well-positioned for success in the future.