Currencies32887
Market Cap$ 2.93T+0.86%
24h Spot Volume$ 48.39B+7.09%
DominanceBTC58.80%+0.98%ETH7.83%-1.91%
ETH Gas2.12 Gwei
Cryptorank
Open report modalReport issue
Initia

Initia INIT 

1376 Watchlists

Chain

General Info

Explorers:

Explorers

Tags (Sub-Categories):

# Token

+1

Funds and Backers

Description

Initia is a Layer 1 blockchain network that utilizes the Cosmos SDK to enhance scalability and interoperability within the blockchain ecosystem.

What is Initia?

Initia is a Layer 1 blockchain network that utilizes the Cosmos SDK to enhance scalability and interoperability within the blockchain ecosystem. It aims to simplify the development and deployment of application-specific blockchains, known as app chains, by providing a robust infrastructure that integrates both Layer 1 and Layer 2 solutions.

Overview of Initia Network

  • Architecture: Initia's architecture consists of a base Layer 1 blockchain and multiple Layer 2 rollups, which are modular solutions designed to improve transaction throughput and scalability. This structure allows developers to create sovereign app chains without needing extensive knowledge of the underlying technologies.

  • Interoperability: The platform includes an interoperability layer that facilitates seamless communication between the base chain and various Layer 2 solutions, enhancing the transfer of value and data across different blockchain networks.

  • Development Tools: Initia provides a comprehensive technology stack that includes features like token fungibility across different virtual machines (VMs), instant bridging capabilities, and access to fiat gateways, which significantly reduce development overhead.

Trending Coins and Tokens Flame icon