Addressing Layer 1 Blockchain Issues with Initia

[Ryah Ojay]

Blockchains like Bitcoin and Ethereum were major breakthroughs, but they still have some big issues. They’re slow, expensive to use, and consume a lot of energy. It’s also hard for developers to build apps on them, and upgrades take a long time.

Initia is a new kind of Layer 1 blockchain designed to fix these problems. It uses something called Optimistic Rollups, which help process many more transactions quickly and cheaply. This means fewer delays and lower fees.

Instead of consuming tons of energy like Bitcoin, Initia uses a much cleaner system called CometBFT. It’s faster, more energy-efficient, and better for the environment. Developers also benefit from better tools, like the Mov programming language, which makes building apps easier and safer.

 

Initia launched in 2023 and has already raised $7.5 million from top investors like Delphi Ventures and Binance Labs. It’s built on the Cosmos ecosystem, which allows it to connect with other blockchains easily.

Of course, all of this looks great on paper—but as we know, real-world integration is a different story. That said, their token (INT) is already on Bitget’s pre-market with good liquidity, so I’m guessing their TGE is close