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Intmax

@intmax

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Intmax
@intmax
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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Intmax
@intmax
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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Intmax
@intmax
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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@intmax
#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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Deposit Blocks: Layer 1 users deposit funds into Layer 2 via a rollup contract, creating a deposit block with the recipient and amount. This block gets added to the list of blocks stored in the contract. Transfer Blocks: Aggregators build Merkle trees from transaction batches, collect signatures, and submit transfer blocks to the rollup contract. These blocks allow senders to move funds within Layer 2 by validating each transaction’s inclusion in the batch through Merkle proofs. Withdrawal Blocks: If you want to withdraw funds from Layer 2 to Layer 1, you first transfer the funds to your L1 account using the transfer protocol. A balance proof is then submitted to the rollup contract, which verifies it, creates a withdrawal block, adds it to storage, and completes the withdrawal.
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Why This Matters As a result of these three types of blocks, we’ve reduced the amount of data stored on-chain (Only 5 bytes), improving scalability and privacy for users. Our #permissionless #stateless design eliminates the need for leader elections or coordination between block builders, simplifying rollup operations and increasing resistance to censorship. Additionally, peer-to-peer interactions allow users to update #ZK proofs and seamlessly continue transactions without adding extra data costs, making transfers more flexible and efficient. By combining Cyclic Recursive #ZKProofs, stateless infrastructure, and decentralized block production, we’ve created a rollup ecosystem that balances efficiency, decentralization, and, of course, privacy. We believe these innovations are key to fulfilling our mission at INTMAX: enabling private, scalable asset transfers for everyone.
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@intmax
At INTMAX, we’ve taken a different approach. Instead of storing all transaction data on-chain, we provide a commitment to the set of transactions in a block (a Merkle tree root) and signatures from senders confirming they’ve received inclusion proofs. With this design, users can generate zero-knowledge proofs (ZK-proofs) of their balances by combining proofs of their sent transactions with proofs of the transactions they’ve received.Moreover, we use ‘Cyclic Recursive Zero-Knowledge Proofs’ to validate entire transaction chains efficiently. By proving only the most recent transaction, the system inherently validates the entire history, drastically reducing L2 costs while maintaining integrity. Users also receive asset proofs directly from block producers, eliminating the need for full database reconstruction, which is a major cost factor in traditional rollups. Our Three Block Types To handle deposits, transfers, and withdrawals efficiently, we use three specialized block types:
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@intmax
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
🚀 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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@intmax
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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@intmax
#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
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
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
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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@intmax
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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@intmax
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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