Initia brings together both the layer 1 and layer 2 technologies to build very scalable blockchains with all-in-one features. This platform integrates features such as stablecoins, multi-chain bridges, and just-in-time gas, making it very easy to deploy Dapp. It gets rid of the problems brought about by modular and multi-chain systems.
It sustains interactive applications with powerful infrastructure and tools. Optimistic Rollup Technology enables scalable, independent, and operationally less complex applications. Initia is backed by the ecosystem of Cosmo; it customizes economic models and user experience on top of the flexible, user-friendly blockchain ecosystem.
Read More: Dymension Review: Layer 1 Blockchain Promotes Interaction With Cosmos
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Initia stands out because it offers full customization for every single chain. Due to the flexibility of the Rollups framework combined with the fact that the Modular technology fragmentation is avoided, seamlessness in the user experience is assured by design and product stack.
Up until now, Initia has made no announcement of any token issuance. CoinCu will update the new news of this project as soon as possible.
The team behind Initia two Co-Founders Stan Liu and Ezaan Mangalji. However, except for the X accounts of the two Co-Founders, the previous information of these two people is still anonymous.
Initia has gone through two rounds of capital raising with more than 7.5 million USD raised. As follows:
Similarly, Initia has published no development roadmap. CoinCu will update as soon as detailed information is made available.
Initia is a Layer-1 blockchain in Cosmos, with a toolkit referred to as Minitias integrated with the use of Optimistic Rollups technology, supporting Dapps to develop into Appchains, according to the Layer-2 model. This allows both Celestia’s DA and Circle’s ability to transfer assets through CCTP, opening up more Scalability for Modular Blockchains.
CoinCu assesses that the enormous support of Binance Labs and Tier1 funds like Delphi and HackVC means the development potential of the project in the future will be huge. At the moment, the project doesn’t show much activity on side chains to help the community. However, you can follow along if you want to participate in running a node or making an airdrop.
Initia makes use of MoveVM framework, and Move smart contracting language that has also been used by other Layer 1 chains like Aptos, Sui etc. It uses Optimistic rollup technology at Layer 2 solutions
Hence, what this means is reflected in Initia’s architecture. It looks towards abstracting many of the complexities of the traditional modular and multi-chain systems that make it increasingly easier to build scalable and sovereign blockchain systems. That also makes cross-chain interaction between different Layer 1 and Layer 2 solutions less of a burden
MoveVM framework is highly flexible and friendly to the developers while creating smart contracts in Initia. It enhances the functionality of the network and positions itself with other major Layer 1 chains like Aptos and Sui
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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