What is Initia? Layer 1 Project simplifies the Rollups process

In the blockchain market, Layer 1 is often limited by scalability, while Layer 2 has limited security capabilities. However, what if we combine the advantages of both? This is the goal of the Initia project. So what is special about Initia? Let's learn about the Intita project with through the article below!

What is Initia?

Initia is a pioneering project in combining Layer 1 infrastructure with Layer 2 technology to create highly scalable and feature-packed blockchains. By taking advantage of the advantages and disadvantages of Layer 1 and Layer 2, Initia simplifies the App-chain deployment process specific to each Dapp, bringing notable features such as stablecoin, multi-chain bridge and just-in -time gas fee is new.

Initia's unique architecture removes the complexity from traditional modular blockchain and multi-chain models. Thanks to this, developers can easily build scalable and independent blockchain systems without having to worry about handling complex elements.

Initia is not limited to providing a powerful infrastructure, but also provides tools and protocols to build highly interactive applications. Using the Optimistic Rollups technology model, Initia enables developers to build highly scalable and independent applications, minimizing fragmentation and operational complexity.

With support from the Cosmos ecosystem and an advanced tech stack, Initia empowers Dapp projects with the ability to customize their economic model and user experience to their liking. This enables a flexible and diverse blockchain ecosystem, while reducing complexity in the end-user experience.

Features of the Initia project

- Minitia: Layer 2 of Initia.

- Ultra Performance: Enhance application performance with Minitia's block time of about 500ms and transaction capacity of more than 10,000 TPS.

- Multi-VM: Build with smart contract environments via Initia-supported virtual machines such as Move, Solidity or CosmWasm.

- Vertical Integration: Design Minitia's chain stack and enhance application power through CosmosSDK modules.

- Complete Ownership: Maintain core-level control over ecosystem boundaries and transaction parameters such as gas fees, ordering,...

Interoperability: Initia uses IBC to enable native cross-chain messaging and application tokenization across the ecosystem.

- Omnitia Shared Security: Secure and scale thousands of Minitia through Omnitia Shared Security, a fraud proof verification system.

Special features of Initia

Modular blockchain model

- Enhance execution capabilities: Modular blockchain focuses on breaking down tasks and uses Layer 2 mechanism and Optimistic Rollups model to process transactions, helping to reduce the burden on Layer 1 and increase processing capacity. This leads to increased throughput of the blockchain, allowing more transactions to be carried out more efficiently.

- Enhance data availability without compromising security through Sharding: Modular Blockchain uses Sharding technology to expand the scale of blockchain without compromising security and decentralization. Sharding helps divide the network into separate segments, reducing the possibility of attacks and increasing the security of the network.

- Security and decentralization: Modular blockchain often uses Proof of Stake mechanism, which enhances the security and scalability of the network. PoS attracts users to participate in the network by staking, which helps create a more decentralized model than Proof of Work.

- Easier ecosystem expansion: Modular blockchain helps reduce the complexity of data processing on blockchain applications. Leveraging Layer 2 mechanisms and the Rollups model reduces the likelihood of encountering complex technical issues.

- Easier ecosystem expansion: Modular blockchain helps reduce the complexity of data processing on blockchain applications. Leveraging Layer 2 mechanisms and the Rollups model reduces the likelihood of encountering complex technical issues.

Modular model

However, the special feature of Initia is not only the above benefits but also the ability to customize every parameter of each individual chain. With Initia's Rollups framework, developers can flexibly adjust parameters while still remaining connected to Initia's ecosystem. This not only eliminates fragmentation in Modular technology but also provides a consistent user experience across the chain through Initia's architecture and product stack model.

Multi-VM and compatibility with Cosmos IBC

Initia uses the Move programming language to develop smart contracts. This is the language developed by Facebook for the Diem Network project. Move is designed to be safe, flexible and interactive. It allows developers to customize data types, define invariants and permissions, and use open source code easily in many different applications.

Initia provides support for both EVM, WasmVM and MoveVM virtual machines, three popular virtual machines that can interoperate smart contracts written in languages such as Solidity, Rust and are compatible with Cosmos IBC to ensure compatibility. seamlessness of data. This gives developers many choices when building applications on the Initia platform.

Multi-VM

Initia's main breakthrough is how Layer 2 applications have an Optimistic Rollups model. Optimistic Rollups is a scalable solution for blockchain that allows data to be moved from Layer 1 to Layer 2, while still ensuring the security and finality of Layer 1. This improves processing capacity, reduces costs fees and increase transaction confirmation speed.

Initia's App-chains are highly customizable and can be linked together. Developers can choose the features, permissions, and consensus mechanisms for each of their App-chains. These App-chains can also connect to other App-chains in the same ecosystem or other Layer 1 through Initia's communication layer.

Initia is especially friendly for end users and for products that want to be developed within the ecosystem. Developers can deploy their Layer 2 App-chains without dealing with complex infrastructure or setting up authenticators. This helps users interact with many different Layer 2s without needing to switch wallets or pay gas fees.

Information about Intitia tokens

Currently, Initia has not yet announced information about token issuance. Coin68 will update as soon as there is the latest information from the project.

Development roadmap

Currently, Initia has not yet announced information about its development roadmap. Coin68 will update as soon as there is the latest information from the project.

Investors in the Initia project

Initia, the leading blockchain project on the Cosmos network, has made a significant mark with the completion of a Seed capital round worth 7.5 million USD after just 4 months from the Pre-Seed capital round. This success not only demonstrates the trust of leading investors like Binance Labs but also proves Initia's great potential.

Funds invested in the Initia project

With the support of Delphi Ventures and Hack VC, along with investment interest from Nascent, Figment Capital, a_capital, Big Brain Holdings and many famous angel investors, Initia has proven its value and potential. I'm in the crypto community.

Summary

Through the above article, it can be seen that Initita is a pioneering project to combine Layer 1 and Layer 2 models together. Through the above overview article about the Initia project, Coin68 hopes readers will grasp basic information about this project to make their own investment decisions. Wishing you a successful investment!