In a recent episode of the SlateCast, CryptoSlate’s Editor-in-Chief Liam “Akiba” Wright and CEO Nate Whitehill sat down with Leona Hioki, the Co-founder of INTMAX. The conversation delved into the transformative potential of stateless zero-knowledge rollups (ZK-rollups), prioritizing privacy, scalability, and decentralization. Hioki’s insights shed light on INTMAX’s unique approach to blockchain infrastructure, the influence of Japanese engineering culture, and the broader impact of privacy on the crypto landscape.
A New Paradigm in Blockchain Scalability
Hioki introduced INTMAX as a “stateless ZK-rollup” with features like near-zero gas fees, privacy by default, and interoperability with other blockchains. Unlike traditional rollups that store transaction data on-chain, INTMAX’s stateless architecture allows data to be managed off-chain and verified using cryptographic proofs.
“We’re aiming for extreme scalability by shifting data and computation to the client side,” Hioki explained.
This allows for significantly reduced costs and improved privacy for users.
INTMAX’s system offers a distinct trade-off compared to traditional ZK-rollups. Moving computation to users’ devices minimizes the burden on blockchain nodes, resulting in a lightweight infrastructure.
“We’ve achieved something unique in the blockchain space — extreme scalability and privacy without compromising decentralization,” Hioki noted.
The Stateless Architecture Advantage
INTMAX’s stateless approach challenges the norm of blockchain rollups, which typically store transaction history on-chain. Hioki emphasized that INTMAX’s design is inspired by “Plasma Prime,” an early concept for off-chain scaling solutions. He highlighted that the key to INTMAX’s architecture is “parallelizing computation and storage,” which shifts most of the processing work to end-user devices, reducing reliance on the blockchain’s infrastructure.
“If you’ve got 5 million users, that’s 5 million nodes working in parallel instead of relying on a single network of validators,” Hioki explained.
This structure facilitates faster transactions and significantly reduces gas fees. INTMAX enables massive throughput and efficient use of blockchain resources by requiring only five bytes of on-chain data for transactions.
Cyberpunk Ideals and Japanese Engineering Influence
Hioki’s personal journey, from studying physics to cryptography and patents, informs his approach to building INTMAX. He described the influence of Japan’s “engineering obsession with precision and minimalism” on his design philosophy. He drew parallels with the automotive and manufacturing sectors, where precision engineering and efficiency are paramount.
“We’re chasing extreme performance, just like the way Japanese engineers strive for perfect optimization in cars and robotics,” said Hioki.
This pursuit of perfection extends to INTMAX’s privacy features, scalability, and efficiency.
Hioki also reflected on the influence of the cypherpunk ethos, which prioritizes privacy, self-sovereignty, and distrust of centralized authorities.
“Japanese society tends to trust government institutions, but the cypherpunk ethos is the opposite,” he remarked.
This duality has inspired Hioki’s mission to build a system where privacy and self-sovereignty are guaranteed at the architectural level.
Privacy-First Approach: Lessons from Tornado Cash
The controversial Tornado Cash case, where U.S. authorities sanctioned a privacy-focused mixer, profoundly impacted privacy projects like INTMAX.
“When Tornado Cash was sanctioned, privacy protocols faced backlash,” Hioki noted.
He acknowledged that many investors hesitated to support privacy-focused projects during this period.
To address these regulatory concerns, INTMAX implemented measures to prevent misuse by bad actors.
“We’re creating a system where privacy exists without enabling illicit activity,” Hioki said.
This includes decentralized sequencing and mechanisms to prevent double-spending, ensuring users can maintain privacy while adhering to legal frameworks.
Use Cases and Future Plans
INTMAX’s stateless ZK-rollup model has several potential use cases.
“One of the most promising applications is conditional payments,” Hioki shared.
Conditional payments allow for programmable transactions that only execute under certain conditions, enabling secure, private, and efficient transfers.
Other use cases include cross-chain payments, private advertising networks (similar to Brave browser’s BAT system), and privacy-centric NFT marketplaces. Hioki highlighted that INTMAX’s privacy-preserving capabilities could be particularly useful for Lightning Network enhancements, allowing Bitcoin and Ethereum users to transact with privacy guarantees.
The Road Ahead: 2025 and Beyond
Looking to 2025, Hioki’s primary goal is to launch INTMAX’s mainnet and establish it as a leading privacy-preserving payment network.
“We want to build a system where people can make private, gas-free payments on Ethereum,” he revealed.
This effort will be bolstered by the development of cross-chain capabilities with Lightning Network, allowing seamless, decentralized transfers between Bitcoin and Ethereum.
“The crypto space has been chasing DeFi and NFTs for a decade,” Hioki said. “But we’re focused on fixing fundamental issues like payment infrastructure and privacy that have been left unresolved for far too long.”
By solving these critical pain points, INTMAX aims to position itself as a leader in the next wave of blockchain innovation.
Conclusion
The SlateCast episode with Leona Hioki offered insights into INTMAX’s revolutionary blockchain scalability and privacy approach. By reimagining how data is stored, computed, and verified, INTMAX’s stateless ZK-rollup could redefine blockchain’s role in payments, NFTs, and decentralized finance.
As the industry grapples with privacy regulations and scaling challenges, INTMAX’s stateless design could provide a viable path forward. With a focus on privacy, efficiency, and cross-chain interoperability, the project promises to be a crucial part of the blockchain’s evolution in the coming years.
Episode Hosts
Also known as “Akiba,” Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate.
Nate Whitehill, a technology entrepreneur with nearly two decades of experience developing web applications, plunged into digital assets upon discovering Bitcoin in 2015.