Immutable X (IMX) is significantly improving the scalability and user experience of NFTs on the Ethereum blockchain. Launched in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly, Immutable X addresses the scalability issues of Ethereum-based NFTs by providing instant transaction confirmations and minimal transaction fees. This platform leverages cutting-edge scaling technology to enhance the efficiency and cost-effectiveness of NFT transactions while preserving the security and decentralization of Ethereum.
What is Immutable X (IMX)?
Immutable X operates on a Layer 2 protocol known as Zero-Knowledge Rollup (ZK-Rollup), which consolidates hundreds of transactions into a single zero-knowledge proof, termed zk-STARK. This proof is verified by a smart contract on the Ethereum blockchain, thereby reducing the computational and storage resources needed for transaction validation. This enables Immutable X to process up to 9,000 transactions per second (TPS) without incurring transaction fees for users, making it an efficient solution for NFT minting and trading.
The platform also ensures that transactions are eco-friendly, achieving 100% carbon neutrality through the use of ZK-Rollup technology. Furthermore, Immutable X offers robust REST APIs and simple software development kits (SDKs), allowing developers to integrate NFT functionalities into their applications rapidly. This facilitates the swift development of NFT projects, including play-to-earn games, with minimal effort and time.
How to Buy Immutable X (IMX) with TRY?
For Turkish investors interested in acquiring Immutable X (IMX), Binance TR is the most suitable cryptocurrency exchange. Users can quickly create an account and trade over 100 cryptocurrencies, including IMX, on Binance TR. The process of buying IMX with Turkish Lira (TRY) involves several straightforward steps, starting with account creation and verification, followed by depositing local currency into the account, and finally executing the purchase.
Key Steps to Acquire IMX Coins?
To begin, visit the trbinance.com website and create an account by entering basic personal information. Complete the identity verification (KYC) process using your mobile phone. Once verified, deposit Turkish Lira into your Binance TR account from supported banks, either through bank transfer, EFT, or the FAST system for instant transactions.
How to Complete the Purchase?
After depositing funds, navigate to the “Buy-Sell” section, search for IMX/TRY, and specify the amount of IMX you wish to purchase along with the price. Confirm the transaction to complete the purchase. The process is designed to be user-friendly, ensuring a seamless experience for investors.
Binance TR Overview
Binance TR, launched in 2020, is the Turkish extension of the renowned global cryptocurrency exchange, Binance. Utilizing Binance’s advanced technology, security measures, and liquidity, Binance TR provides a platform for fiat-to-crypto and crypto-to-crypto trading. Users can deposit and withdraw Turkish Lira directly and trade various cryptocurrencies with TRY pairs, benefiting from Binance’s core functionalities, including a powerful matching engine and robust security protocols.