What is InitVerse (INI)?

Deep Dive

1. Core Technology

InitVerse’s foundation is INIChain, a layer-1 blockchain integrating TfhEVM – a hybrid of fully homomorphic encryption (FHE) and Ethereum Virtual Machine. This enables private smart contracts where data remains encrypted during computation, addressing Web3’s privacy gaps. The DDA consensus mechanism optimizes decentralized resource allocation, reducing latency (e.g., 10-second block time post-IIP-003 upgrade) (InitVerse Docs).

2. Developer Ecosystem

The platform offers INISaaS, an AI-assisted builder allowing rapid DApp deployment without coding expertise. It integrates with INICloud – a decentralized cloud service using $INI for resource settlement – providing scalable computing power. Complementary tools like Clown Wallet and Obs Swap enable seamless user interactions, creating a self-sustaining development environment (GitHub).

3. Token Utility & Governance

$INI serves as:
- Network fuel: Pays for transactions and cloud resources.
- Governance instrument: Holders vote on upgrades (e.g., IIP-003 reduced block rewards).
- Ecosystem incentive: Funds developer grants and partnerships (e.g., WorldAssets RWA collaboration).
Tokenomics feature a fixed supply of 548.8M tokens with controlled inflation via halving cycles.

Conclusion

InitVerse merges privacy-enhancing blockchain tech with accessible DApp infrastructure to empower Web3 builders. Will its focus on encrypted computation become the standard for enterprise-grade decentralized applications?