Intmax: Privacy-Preserving Ethereum Payments
INTMAX launches on the Ethereum mainnet, presenting itself as a future-ready Layer 2 solution focused on privacy and cost efficiency. Originating from the Plasma design, Intmax upgrades the existing framework with an innovative stateless design that minimizes on-chain data demands, ensuring low fees even under network strain. Crucially different from other scalability models, Intmax requires only about 5 bytes of data per transaction on the blockchain, maintaining Ethereum's robust security. Intmax also introduces Privacy Mining, rewarding users who contribute to the network's privacy, which enhances both ecosystem health and individual anonymity. Intmax's ITX token exemplifies privacy and compatibility, fitting seamlessly within the DeFi ecosystem to offer privacy-centric financial transactions. Supported by Ethereum's core research community, the architecture of Intmax represents a pioneering effort in digital transaction privacy and cost minimization, with Ethereum figures like Justin Drake and Vitalik Buterin endorsing its approach. As the global market for cryptocurrency payments grows, Intmax stands ready to protect user privacy in transactions such as remittances and payrolls without exposing sensitive financial data. Founders Leona Hioki and Mai Fujimoto share their vision for Intmax as a tool to democratize blockchain access, driving privacy-focused financial freedom.
FAQ
❓ What makes Intmax different from other Layer 2 solutions?
Intmax uses a novel stateless architecture that requires minimal on-chain data, enabling near-zero fees and better privacy than traditional models.
❓ What is Intmax's Privacy Mining?
Privacy Mining is a mechanism in Intmax that rewards users who help improve the network's anonymity, thus supporting a decentralized environment.
❓ How does the ITX token function in Intmax?
The ITX token exists in dual forms, enhancing privacy and performance while remaining compatible within the DeFi ecosystem.