Cryptopedia - Initia

Initia is a network for interwoven rollups combining an L1 and an interwoven system of customizable appchains. Initia’s opinionated rollup framework allows teams to build application-specific blockchains with full-stack customizability while enshrining shared standards across the entire system to build a unified multichain world. Rollups on Initia’s Interwoven Stack operate in EVM, MoveVM, or WasmVM with 10,000 TPS and 500ms blocktimes. Interwoven Rollups have the Cosmos SDK underneath offering full-stack customizability on tx ordering and internalizing MEV. At the center of the L1 is Enshrined Liquidity, an altered Proof of Stake consensus enabling INIT denominated liquidity to be staked with validators to secure the network while acting as multichain liquidity. Initia VIP programmatically distributes INIT to create economic alignment that encourages all actors within the ecosystem to care about the success of Initia. VIP provides Interwoven Rollups with a means to attract and retain users while building demand for INIT.