Luzern, Switzerland, March 29, 2024, Chainwire
Based on Plasma Next, DEX would be as convenient as CEX for trading with low fees, variances and waiting period.
INTMAX, the developer of Plasma Next, an open-source Ethereum scalability solution that offers near-zero gas fees to secure nano-transactions, has announced that IdeaSoft, a member of Sigma Software Group specializing in building fintech blockchain applications, is building a permanent decentralized system. exchange to Plasma Next. This strategic partnership leverages IdeaSoft’s extensive experience in WEB3 development across multiple industries, representing a significant leap forward in the Plasma Next ecosystem.
The permanent DEX, called JIBx, will offer zero transaction fees, switching, up to 250X leverage, and has an on-chain matching engine with private off-chain settlement and account layers powered by Plasma Next. Users will get the cheapest transaction costs and the highest performance with programmability while maintaining the security and stability of Ethereum.
INTMAX Plasma Next is the full version of Plasma, an Ethereum scalability solution presented in 2017 by Joseph Poon and Vitalik Buterin. Plasma Next solved the main problem of exiting the fund (complicated online requirements and chain verification costs) with zero knowledge. proof. By providing constant state growth per block without individual liquidity preparation measures and eliminating the need for constant online vigilance, Plasma Next offers a practical solution to the long-standing challenge of achieving statelessness in blockchain systems.
Recently, INTMAX Plasma Next partnered with ETH Samba to empower Brazil’s vibrant Ethereum developer community and introduced the innovative nanoMoney.js, a revolutionary JS library that aims to reward website users for engaging activities such as reading, liking, or creating content. Thanks to this collaboration, Plasma Next demonstrated it was able to facilitate a reward of $0.000000001 DAI, which is only possible when gas fees are near zero. Plasma Next makes Ethereum especially convenient for micro- and nano-transactions at scale.
Andrei Lazorenko, co-founder and CEO of IdeaSoft, said: “It’s a great pleasure to start using INTMAX Plasma Next with our team! This is exactly what we need to make many projects faster, more user-friendly, and ultimately widely used. Can’t wait to see what we build with this.
INTMAX co-founder Leona Hioki commented: “The team at IdeaSoft is very talented and professional, with unparalleled experience in financial trading in general and virtual currency in particular. I am sure that together we will be able to create a product of excellent quality. It is a great honor to work with them.”
JIBx uses Plasma Next for both the settlement and account layers, providing unmatched privacy, low trading fees, security and scalability. Differently, it offers a permanent on-chain limited order book using black-red tree sorting. This strategic choice significantly reduces transaction costs while increasing the number of transactions per second (TPS), setting a new standard for DEX technology.
This DEX is the first model of its kind that combines the convenience of a centralized exchange with the integrity and security of decentralized platforms. Among its new features are:
- Near 0 transaction fees – Plasma Next allows you to reduce fees to less than a cent
- Model of effective funding rates: Marginal rewards are available as soon as you open your position.
- Bootstrapped Re-staking: By using stablecoins and LST-based assets, we create an intriguing multiplier effect. This allows us to distribute points for repeat bets and allows us to share fees with active traders.
- Stablecoin un LST Staking Pools: A stable coin pool provides a lock in liquidity during margin trading. Meanwhile, the LST rate fund offers rewards and reduced trading commissions.
- Permanent swaps with high leverage: Offers up to 250X leverage backed by innovative algorithms and an insurance fund to effectively manage high-risk operations.
By supporting IdeaSoft in the development of the JIBx platform, INTMAX not only contributes to the growth of the Plasma Next ecosystem, but also contributes to the broader blockchain community. This initiative highlights a commitment to innovation, open source development and the democratization of finance, marking a key step towards a more accessible and efficient decentralized financial environment.
Plasma Next is a revolutionary development that promises to redefine blockchain scalability and privacy in the digital age. Addressing the need for a constant online presence, a critical barrier to user adoption, Plasma Next marks a significant step forward in providing developers with a platform to build secure and highly scalable dApps.
Par IdeaSoft
IdeaSoft is an EU-registered custom software development company with over 7 years of experience and over 250 projects. The company mainly focuses on the development of blockchain and web 3.0 solutions, with special emphasis on CeFi, DeFi, dApps, blockchain games, blockchain infrastructure, RWA tokens, security tokens, custom blockchain solutions and smart contract development. In addition, the team has extensive experience in building fintech and banking apps ranging from neobanking, core banking, open banking and embedded banking to BaaS. IdeaSoft is an official partner and member of Sigma Software Group since 2021.
By INTMAX
INTMAX is the developer of Plasma Next, an open-source Ethereum scalability solution that offers constant near-zero gas fees to secure nano-transactions. It is a stateless Ethereum layer built for mass adoption, offering a highly efficient, secure and scalable solution for blockchain applications. INTMAX provides a ready-to-use solution to power any application and service with instant, most secure and near-zero-cost cryptocurrency transactions.
For more information visit: Website | X | GitHub | Document
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Sergey Medvedev
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2024-03-29 17:11:41
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