Compare Tether USDt (USDT) vs Immutable (IMX)

USDT which is also known as Tether is the first and most used stable coin in the crypto world. USDT price is always equal to 1 USD. USDT is used as a medium currency because the other cryptocurrency prices fluctuate sharply. Tether was mainly built on Ethereum and Bitcoin blockchains and later launched on other major blockchains too. The company claims to hold enough reserves for each USDT they issued.

Immutable X is a layer-2 scaling solution for Ethereum that aims to solve the problem of high gas fees and slow transaction times on the Ethereum network. The platform is designed to provide fast and affordable transactions for decentralized applications (dApps) while maintaining the security and decentralization of the Ethereum network. Immutable X is built on top of Ethereum and uses the Ethereum Virtual Machine (EVM) to execute smart contracts. It uses a technology called zk-rollups to bundle multiple transactions into a single transaction, thereby reducing the cost and time required for each transaction. Additionally, Immutable X has implemented zero gas fees for users, allowing them to transact on the platform without having to pay gas fees. The native token of Immutable X is IMX, which is used to pay for transaction fees on the platform and for staking in order to participate in network governance. IMX tokens can also be used to access exclusive features and benefits on the platform. One notable feature of Immutable X is its focus on the gaming industry, with the platform providing a fast and affordable way for gamers to buy, sell, and trade in-game assets. The platform has already partnered with several major gaming companies, including Ubisoft and Double Jump Tokyo, to integrate their games with the Immutable X network. Immutable X is a promising layer-2 scaling solution for Ethereum that aims to provide fast and affordable transactions for dApps while maintaining the security and decentralization of the Ethereum network.