Despite an overall decline in the Layer 2 sector, the adoption of scaling solutions such as Optimistic Rollups and zkRollups has increased to improve transaction speeds and reduce fees.
Navigating the current multi-chain environment is challenging. Users face complexity encompassing managing chains, new RPC and wallets, various applications, handling multiple types of gas fees, and using different explorers.
Developers and users need to become familiar with numerous systems, interfaces, and methods to use various blockchains. As we move towards a modular future, the fragmentation and complexity of systems have reached a critical point. The rise of adaptable and customizable blockchain frameworks represents the next stage in the evolution of digital assets.
At the core of Initia is the reconfiguration of the entire tech stack, introducing a customized Layer2 infrastructure integrated with a native Layer1 blockchain. This integration fosters a cohesive ecosystem of modular networks and implements chain-level mechanisms that harmonize the economic benefits for users, developers, Layer2 app chains, and the L1 chain itself.
Initia's Layer1 acts as an orchestration layer, facilitating security, liquidity, routing, and interoperability within an interconnected rollup network through the VM-agnostic Optimistic Rollup framework, OPinit Stack. By supporting fraud proofs and rollbacks and leveraging Celestia’s Data Availability (DA) layer, rollups can be securely scaled in environments like CosmosSDK.
The Initia Layer1 architecture is built on the Cosmos SDK, utilizing CometBFT for consensus and integrating the Move VM for smart contract functionality. This design aims to establish a robust smart contract platform, serving as the foundation for all subsequent infrastructure and data management.
Initia employs the CometBFT consensus algorithm. Let's take a brief look!
CometBFT is software designed to replicate applications safely and consistently in distributed systems.
Safe and consistent replication is a fundamental issue in distributed systems, playing a critical role in the fault tolerance of various applications, from currencies to elections to infrastructure orchestration.
CometBFT comprises two main technical components: the blockchain consensus engine and the ABCI.
Initia supports a rollup ecosystem with multiple VMs, where Layer1 supports only MoveVM, and Layer2 (Minitia) allows freedom in VM choice.
Initia's MoveVM connects the Move Runtime to CosmosSDK, implemented similarly to the WasmVM created by CosmWasm, linking the Rust-implemented MoveVM runtime to the Golang-implemented Cosmos chain.