Immutable X to Undergo Mainnet Hard Fork on March 26th
Immutable X is set to undergo the Shanghai mainnet upgrade, closely aligned with Ethereum. This upgrade is scheduled to take place on the zkEVM mainnet on March 26th. This upgrade aims to maintain the close relationship between Immutable zkEVM, powered by Polygon, and Ethereum, thereby benefiting from Ethereum’s security and network effects.
Refer to the official tweet by IMX:
Immutable@ImmutableMar 05, 2024Ethereum’s Shanghai Upgrade is coming to Immutable zkEVM!
We are committed to keeping Immutable zkEVM, powered by @0xPolygon, as close to Ethereum as possible to benefit from its security and network effects.
The Shanghai hard fork will occur on zkEVM Testnet on 12 March 2024… pic.twitter.com/KM68Fdnge6
IMX Info
Immutable X is the first layer two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability and zero gas fees for minting and trading, all without compromising user or asset security.
Immutable X utilizes Zero-Knowledge Rollups technology to process transactions off the main Ethereum network, increasing throughput and reducing gas costs. This technology enables the creation, trading, and transaction of NFTs on a much larger scale than is possible on Layer 1 Ethereum.
The IMX token is the native ERC20 utility token of the Immutable X protocol, which users can earn by conducting pro-network activities such as trading, and which can be used to pay fees, perform governance or stake on the protocol.