The Good Tech Companies - INTMAX Launches First Stateless Layer 2 Payment Solution On Ethereum

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. INTMAX launches first stateless Layer 2 payment solution on Ethereum. BYBTC Wire. December 16, 2024, 9 a.m. Eastern Standard Time, ZUG, Switzerland, INTMAX today announced the launch of its public testnet, the world's first stateless Layer 2 payment solution for Ethereum. With enough processing capacity to support the entire global population on Ethereum, the platform delivers unprecedented scalability, keeps transaction costs consistently below 0.5 cents, regardless of network congestion, and offers strong privacy features. Testnet-INFO The testnet currently operates on Ethereum's Sepolia network.

Starting point is 00:00:46 Supported environments include OS, Windows, macOS, only PC, wallets, Metamask node. The supported environments will expand over time. Advancing Ethereum's payment-INFRA-STRUCTUREINTMAX's innovative stateless architecture processes transactions using only five bytes of on-chain data through advanced ZK rollup technology. The platform's efficiency comes from its ability to aggregate multiple off-chain transactions into single proofs. This breakthrough enables the platform to handle global-scale transaction volumes while dramatically reducing mainnet congestion and preserving Ethereum's core security and decentralization principles. The platform is a stateless scaling approach often referenced in Ethereum's scaling plan by Ethereum founder Vitalik Buterin.

Starting point is 00:01:34 Scaling with based roll-up by F's Justin Drake It is also included in EF's Justin Drake's scaling plan with based roll-up and plays a significant role in Ethereum. This validation stems from the project's academically rigorous approach to solving fundamental blockchain challenges. Building global payment infrastructure following the successful launch of the INTMAX wallet in early 2024, the testnet release marks another milestone in the platform's development. The project has established strategic partnerships across Latin America, Africa, and Japan, positioning INTMAX as a key player in global cryptocurrency adoption. Greater than. The launch of our testnet demonstrates INTMAX's commitment to solving

Starting point is 00:02:15 greater-than-real-world payment challenges, said Leona Hioki, INTMAX co-founder. Greater than. Intmax brings a sense of functional beauty back to crypto through meticulous greater than design. With the testnet launch and the upcoming activation of our advanced greater than algorithm, Intmax2, the project offers unprecedented capabilities. It can greater than execute an extraordinary volume of transactions on Ethereum, exceeding greater than traditional expectations, while offering robust privacy. This system greater-than incorporates nearly everything crypto participants have sought in a practical greater-than solution, boasting scalability so vast that even if the entire global greater-than population used Ethereum, it would remain under capacity, positioning itself

Starting point is 00:02:58 greater-than as a payment network on Ethereum. Statelessness represents the start game, greater-than-for-the for the next phase of blockchain. Supporting global AD option the testnet launch introduces several key features. Subsent transaction fees regardless of network load. Privacy preserving transaction processing. Unlimited scalability through stateless architecture. Enhanced security through zero-knowledge proof systems. This comprehensive feature set addresses long-standing challenges in blockchain adoption, particularly in regions where traditional financial infrastructure is limited. By maintaining consistently low transaction costs and high

Starting point is 00:03:35 throughput, INTMAX removes significant barriers to entry for both individual users and institutional adopters. The platform's focus on privacy and security creates new opportunities for financial services in previously underserved markets. Expanding ecosystem development The ecosystem's growth extends beyond technical development to include extensive partnerships with financial institutions and payment providers. These collaborations enable INTMAX to bridge the gap between traditional finance and blockchain technology, creating practical solutions for real-world payment challenges.

Starting point is 00:04:10 The platform's flexibility and scalability make it particularly well-suited for merging markets, where rapid technological advancement often outpaces traditional financial infrastructure development. About INTMAX INTMAX develops cutting-edge layer 2 solutions for Ethereum, focusing on scalability, privacy, and accessibility. Through innovative stateless architecture and advanced cryptographic techniques, INTMAX enables efficient, private transactions while maintaining the security and decentralization of the Ethereum network. Tip this story was distributed as a release by BTC Wire under

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The Good Tech Companies - INTMAX Launches First Stateless Layer 2 Payment Solution On Ethereum

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