Intmax

@intmax

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INTMAX is pleased to share with our community that we will be contributing 1% of ITX Token from the treasury to Ethereum’s core development and research contributors ❤️‍🔥⛓🛡 INTMAX is proud to support @protocolguild in their mission to achieve sustainable incentives for the stewards of Ethereum L1 R&D As part of our mission to build Ethereum's Stateless Layer, offering the best scalability and privacy at the same time, this pledge aligns with our commitment to supporting the devoted contributors maintaining INTMAX’s dependencies. We believe it is in the interest of our community to help ensure the stability of the Ethereum L1 R&D contributor set. 1% of INTMAX from the treasury will be allocated over time to Protocol Guild’s 4-year vesting contract. More details will be shared as we approach mainnet launch. @cheeky-gorilla @trent @petevecchiarelli https://medium.com/intmax/intmax-announces-1-treasury-contribution-to-support-ethereum-core-development-8e31933b1656

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While developing in the #Blockchain space, it’s crucial to have confidence in your products, solutions, and tokenomics. 💡 At INTMAX, we’re highly optimistic about our contributions to #Ethereum—and we’re ready to prove it! Keep an eye out for a ground-breaking announcement! 👀✨ #Web3 #Crypto #INTMAX

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Mathematicians from Nethermind's Formal Verification team have mathematically proven the safety of the Intmax2 protocol, which is scheduled to launch in Q1 this year! Formal Verification is a methodology that Toyota has also used to prove the safety of their products in court. It's utilized not only in crypto but also in aerospace engineering and other fields. It even helped identify serious bugs in the early design of Ethereum's Casper FFG. INTMAX is a completely new type of scaling solution that performs client-side recursive ZKP and Merkle proof distribution off-chain, requiring the utmost care in its operation and implementation. This deepest analysis and verification by Nethermind's professionals represents the best approach to advancing this cutting-edge field. To everyone on Ethereum, shall we pursue truly serious scaling? Shall we push beyond our current boundaries while proceeding cautiously? New engineering is advancing in the stateless space! Thanks for the awesome job!!

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#Blockchains grow more complex as more functionality is added. This growth increases the burden on the system, leading to inefficiencies. Blockchain's version of this? State bloat. Each blockchain node is like an administrative officer, verifying and managing the state of the system. As transactions grow and new users join, nodes must process increasingly massive amounts of data. This causes bottlenecks. 🚧 With #smartcontracts, #NFTs, and growing usage, the cost of computation rises. Gas fees increase, network latency spikes, and scalability becomes a nightmare. The system risks collapse if inefficiencies aren't addressed. ⚠️ This phenomenon, 'state bloat,' is a fundamental problem in blockchain #scalability. Solving it has been the 'holy grail' for researchers. Enter #INTMAX: a revolutionary step toward a stateless future. 🚀

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Nethermind researcher discussed our whitepaper at #DefiSecuritySummit which covers how we’re building a scaling solution for #Ethereum which privately facilitates asset transfers. This creates a more efficient L2 #stateless infrastructure that is designed to support the global demand for privacy on #Ethereum. Tackling the Data Availability Problem One of the biggest challenges for blockchains and #rollups ensure data availability. For anyone hoping to verify the current state of a blockchain, the underlying transaction data must be accessible. In traditional Layer 1 blockchains, all transaction data is publicly available. Rollups, on the other hand, rely on the underlying blockchain’s data availability, verifying all transaction data on Layer 1 before generating a new block. But since this global data must be updated across numerous nodes, it significantly limits the number of transactions per second that the blockchain or rollup can handle.

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Mining power surged to an all-time high, 1400 ETH per day. The cumulative amount of mining reached 60K ETH!!

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🚀 INTMAX: The Future of Global Payments! 🌍 We’re thrilled to launch our public testnet, the world's first stateless Layer 2 payment solution on Ethereum! Experience unmatched privacy scalability and low transaction fees that redefine how we think about global payments. Join us in this transformative journey towards a more efficient and private crypto experience! 🔗 Dive into the future with us! https://testnet.app.intmax.io/ #INTMAX #Ethereum #PrivatePayments

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With INTMAX, now you can: ✅ Combine multiple transfers into one transaction ✅ Maintain the same gas cost ✅ Protect privacy at scale We’re building scalable payment solutions for real-world adoption. Follow /intmax for more updates! #INTMAX #CryptoPayments

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#Stateless structure to avoid using blockspace is crucial. The most precious resource in the crypto space is blockspace, what we call bandwidth. Even after introducing #blobs/4844, we have a significant limitation of blockspace. Being stateless is all about how to avoid this. Every #INTMAX transaction includes a Zero-Knowledge Proof #ZKP. This validates transactions while keeping user data private. Aggregators and block proposers only post commitments and signatures on-chain. 🔏 Surprisingly, with the fixed blockspace cost, one can include an unlimited number of transfers in one transaction, meaning that it is stateless (sublinear) when we include a number of recipients in a number of users. By minimizing on-chain data and removing hardware barriers, INTMAX unlocks #scalability and decentralization. It’s a step closer to solving blockchain’s state bloat problem once and for all. 🚀

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Ethereum Cypherpunk Congress highlights: @reona keynote We like to listen to Leona raising important questions like what's the price of privacy? Watch: https://youtu.be/aD13oktkf2g

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Explore the potential of stateless architecture in #Layer2 solutions with @HiokiLeona, Co-founder of @intmaxIO, a stateless zkRollup with decentralized sequencers! 🤩 It's time to secure your spot and kick off the 2025 #Ethereum season in Zurich! 🇨🇭 🥳 🎟️ EthereumZuri.ch

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https://warpcast.com/intmax/0xfd334e3d

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INTMAX Testnet is LIVE! The Ethereum Layer 2 with a stateless structure ⚡️ Unlimited scalability 🔒 Strong privacy 💸 Stable fees under half a cent Imagine a layer supporting the entire world without compromise! Join now and shape the future of payments! 🔗 https://medium.com/intmax/intmax-launches-first-stateless-layer-2-payment-solution-on-ethereum-704c03f22314 👉 https://testnet.app.intmax.io

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At #DevCon2024, "based rollups" were a hot topic. In his talk, Conor McMenamin (@ctrain) discussed the ¨Revenue Model for Based Rollups¨, which explores the financial dynamics surrounding rollups and the complexities involved in achieving sustainable operations. Let's discuss this talk and highlight how Intmax positions itself on this topic. https://app.devcon.org/schedule/LEFXQV Running a based rollup comes with upfront costs: zk/op provers: Expensive computational operations for cryptographic proofs. L1 fees: Costs for submitting rollup transactions to Ethereum's base layer. These substantial initial investments are barriers for smaller or new projects, making participation challenging without significant capital and an experienced team. The challenge is aligning the revenue streams to cover substantial costs while remaining competitive. Some examples in the rollup solutions industry have not succeeded so far. 1/4

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We will explore a few talks at #Devcon2024 that we found interesting so you can feel like you were there too. We will bring you 10 of our favorite talks, and, of course, we’ll cover the latest innovations in privacy, identity, ZKP, and all the technologies Intmax is exploring. Come with us! Your digital identity has never been entirely under your control. Most digital identities are managed by third parties or scattered across the internet. However, this is starting to change. In their talk at #Devcon2024, Jordi (@jbaylina) and Oleksandr discussed their latest innovation in the self-sovereign identity (SSI) space; let’s dive in… Your ID is required whether you need to log in, verify your identity, or access a specific service. Unfortunately, the current processes are often fragmented, centralized, and insecure. 1/5

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Come and listen to INTMAX's speech at the main venue of Devcon! 📍Unlocking New Possibilities with Stateless Architecture in Layer 2 📍Nov 13th — 6:00 PM - 6:25 PM 📍Talk - Stage 5 https://app.devcon.org/schedule/NGZBJL #Devcon #L2 #plasma #Privacy

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📍ProtoLayers Builder Conference We are honored that @reona Co-founder of INTMAX, has been invited to the ProtoLayers Builder Conference—a day where the brightest minds in the blockchain industry come together for deep discussions, collaboration, and innovation🔮 Event: ProtoLayers https://www.protolayers.dev/ When: 10.11.24 (16:45 - 17:05) Topic: Keynote "Unlocking New Possibilities with Stateless Architecture in Layer 2"

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Privacy Mining is thriving! We've reached a total volume of 10,000 ETH!!

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Privacy Mining is thriving! We've reached a total volume of 10,000 ETH!!

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Privacy Mining is about to reach a cumulative hash power of 10,000 ETH! Despite the 1 ETH limit and circulation restrictions, this mining difficulty has produced a very interesting result. We have not yet emerged from the social experiment stage, but there is undoubtedly a large-scale entry into the privacy community and the large-scale creation of privacy on Ethereum. The miners are participating in the beginning of an unprecedented endeavor. We are curious to see what the landscape will look like in a few months! Play now: https://hackmd.io/g1Pl9rQAQMmC86I7wiMEtQ

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