Immutable, an Australian blockchain company, has introduced a new scaling solution called zkEVM designed for Ethereum. The solution is expected to make Ethereum transactions cheaper and quicker, offering a better experience for gamers and NFT collectors. zkEVM will be integrated into Immutable X, the firm’s Layer-2 scaling solution, which aims to process 9,000 transactions per second. The company is also planning to roll out a $50 million token reward program to incentivize developers and users to use the platform.
The announcement of the zkEVM solution comes at a critical time when Ethereum users are dealing with high gas fees and slower transaction times. The addition of zkEVM to Immutable X will increase compatibility with Ethereum, thus allowing developers to build more efficient dApps. The $50 million token rewards program is a strategic move by Immutable to attract more users and developers to its platform. The program will not only reward those who use the platform but also those who contribute to its development and promotion.
