Initia (INIT) | The 68th Project on Binance Launchpool

A new day, A new opportunity for Binance users to make risk free money. Binance introduces Initia (INIT) on Binance Launchpool. where users can farm INIT by Locking BNB, FDUSD and USDC.

Lets Dive into the project and see what it is all about.

What is Initia?

A blockchain platform designed to address fragmentation challenges in the multichain environment. Built using the Cosmos SDK, Initia integrates a Layer 1 blockchain serving as the base chain with Layer 2 scalability solutions that form an interwoven modular rollups network .

Initia leverages a dual-layer architecture:

Layer 1 (L1): Ensures data availability and chain coordination.

Layer 2 (L2): A customizable infrastructure called Minitias, which supports multiple virtual machines (VMs) and application-specific logic.

High Level Architecture

Initia’s architecture is composed of three main components

Initia L1: The Initia L1 is the base layer and central liquidity hub for all Interwoven rollups

Interwoven Rollups: An ecosystem of blockchain rollups built atop Initia L1

Interwoven Stack: Initia’s framework for easily and painlessly building rollups and applications