ITX, or Infura Transactions, enables users to conduct transactions without holding any ETH. ITX transactions abstract the complexities of gas management that developers face and provide secure transaction submission. This results in less micromanagement and a more efficient workflow for users. ITX will now use the Polygon network to ensure the smooth operation of their applications.
Infura provides a critical service to the Ethereum blockchain development community. It works with the most popular DeFi solution providers, such as MakerDAO and Uniswap. Infura also works with popular digital wallets such as MetaMask. Infura also supports NFTs such as Async Art and Sorare.
According to Infura, 350,000 developers are already using ITX applications to build web 3.0 applications. ITX is automatically activated for any project after it is integrated. If developers want to stop using ITX, they must go into settings and disable it manually.
The steps for getting started with ITX are also straightforward. The user must first generate their own private key, after which they must deposit their ETH. This deposit will be made on the on-chain contract of Infira. Users will now be required to use their Infura private key to complete all transactions from their Infura deposit tank.
The following step is to send a relay request for the amount they wish to transact. Infura relays the information to the ETH network and completes the transaction if they have the available balance. Infura also has a system in place to speed up and reduce the cost of transactions. ITX gradually increases the amount of gas that the user must put in and then republishes their transaction according to a predetermined schedule. The total transaction fee will always be equal to the network fee plus the ITX fee.