Intmax

@intmax

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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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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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We at Intmax are focusing not only on innovative technology but also on our economics. We work on maintaining long-term success for users and developers by making a scalable, cheap, and #privacy rollup. For us, this approach is vital to ensure long-term ecosystem growth and profitability. The evolving landscape of based #rollups requires a delicate balance between costs and revenue. At Intmax, we use careful planning and innovation to transform these challenges into opportunities. 4/4

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Our approach is a stateless #zkRollup structure, so we significantly lowered computation and storage requirements. We especially improve computational efficiency by using just 5 bytes of on-chain data, and it can include an unlimited number of transfers without additional onchain cost. Our business model considers the costs that users pay for processing their transactions, the amount of processing they have to do on their machine, and the costs required to deploy and sustain Layer 2 rollups. Conor also states that users are at the core of a rollup's sustainability. • Positive user experience drives higher adoption and revenue. • To attract and retain users, rollups must focus on accessibility and low fees. 3/4

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Here at #Intmax, we are achieving the balance between a sustainable ecosystem and keeping fees significantly low. Even with a large user base, transaction fees can remain as low as 0.50 cent in a highly predictable and stable way. Conor highlights that the ecosystem comprises the participants with their unique roles and costs: Users: Pay fees for transactions. Proposers: Submit blocks and earn proposer fees. ZK-provers: Bear significant computational costs to validate blocks. DAOs: Oversee rollup governance and often manage the treasury. 2/4

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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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Like SSI systems, Intmax allows users to prove and update their balances without exposing transaction details, leveraging zero-knowledge proofs. With Intmax’s unique approach and stateless infrastructure, transactions are handled off-chain, reducing on-chain storage to just 5 bytes per transaction. This allows users to take control of their data, enabling them to perform transactions or update balances without revealing sensitive personal information. We are working toward a future where security and power rest in the hands of users, whether it’s about digital identities, assets, or transactions—a more secure, scalable, and user-centric digital future. 4/5 #Blockchain #Devcon2024 #SSI #ZKP https://app.devcon.org/schedule/TZQYGY

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Jordi and Oleksandr’s proposal for SSI is interoperable. It eliminates fragmented logins and insecure ID storage across the internet while Minimizing the necessity to share excessive personal information. It works seamlessly across various devices and blockchains. This is a necessary revolution for our digital identities—restoring control to individuals while maintaining robust verification mechanisms and enhanced security. At Intmax, we also believe in revolutionizing digital interaction and championing user sovereignty. We aim to tackle the challenges of privacy, security, and decentralization without sacrificing user experience. The crypto industry has evolved from a freedom-focused haven to a regulated space where speculation and compliance dilute its original principles. At Intmax, we share the vision of revolutionizing digital interaction by giving users sovereignty over their data. Cypherpunk principles of privacy, security, and decentralization deeply inspire our approach. 3/5

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Jordi and Oleksandr believe that users should own and manage their digital identities independently of centralized entities, maintaining complete control over their data. That’s the essence of Self-Sovereign Identity (SSI). They propose giving power back to individuals, enabling them to control their IDs completely. They offer a system where all your digital IDs—whether your government ID, workplace ID, or blockchain account ID—can be combined in one place under your control. Instead of having these IDs scattered and fragmented across the internet, this solution centralizes them in a secure, user-controlled service. They also highlighted the critical role of zero-knowledge proofs (ZKP) in making this possible, allowing users to verify their identity without revealing personal data. 2/5

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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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The week of /devcon is going to be intense! Don’t miss the ProtoLayers Builder Conference and @reona's speech on November 10th at 13:00 (ICT). http://lu.ma/p67wtc4v

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Big gratitude to our community members they are doing amazing job creating content about Privacy Mining. https://vimeo.com/1023288172?share=copy

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A cumulative total of 5000 stealth ETH has emerged from innocent funds! Mining power is increasing day by day! Even with the 1 ETH limit, it has grown to become one of the highest volumes in this category. We cannot thank you enough for participating during these challenging times for privacy🕶️

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@reona speaking at @devcon! See you in Bangkok, November 12-15 https://devcon.org/en/sea/schedule/NGZBJL/

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