Initia
Overview
INITIA is the native asset of the Initia blockchain. It utilizes:
- Account model
- EcDSA signature algorithm
Initia is a Layer 1 blockchain focused on "Interwoven Rollups" (app-specific L2s called Minitias). It uses Cosmos SDK with MoveVM integration and employs a modified PoS consensus algorithm called "Enshrined Liquidity".
Explorerhttps://scan.initia.xyz/
Wallets Types
BitGo enables holding Initia in the following wallet types:
Multisig Cold | Multisig Hot | MPC Cold | MPC Hot | |
---|---|---|---|---|
Custodial | ❌ | ❌ | ✅ | ❌ |
Self Managed | ❌ | ❌ | ✅ | ✅ |
Ticker Symbols
Mainnet | Testnet |
---|---|
initia | tinitia |
Faucet
Testnet tinitia coins can be requested from the Initia faucet.
Units
INIT is divisible by 10-6 and the base unit is a UINIT:
- 1 init = 1,000,000 uinit
- 1 uinit = 0.000001 init
Initia balances can be in either integer or string format. However, BitGo recommends using string format to ensure values don't exceed the programmable number limit.
Tokens
The Initia blockchain doesn't natively support tokens.
Fees
Initia has the following fees:
- Minimum fee = 0.03 INIT
- Default fee rate = 0.03 INIT
Address Format
Initia addresses follow the format: init1<38-character-bech32-body>
. All addresses are exactly 43 characters in length and begin with the fixed prefix init1
. This format adheres to the following regular expression:
1
/^(init)1(['qpzry9x8gf2tvdw0s3jn54khce6mua7l]{38})$/
Memo ID Support
- Optionally, a
?memoId=<n>
query parameter can be appended to the address for use cases such as identifying transaction metadata. Here,<n>
can be any integer. - Using
memoId
-based addressing eliminates the need to generate multiple deposit addresses per user. A single static address can be reused safely across users and use cases, with thememoId
serving as the unique identifier. - Since Initia uses
memoId
-based receive addresses, manual consolidation is not required.
Create Wallet
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export BITGO_EXPRESS_HOST="<YOUR_LOCALHOST>" export COIN="tinitia" export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>" export LABEL="<DESIRED_WALLET_NAME>" export PASSPHRASE="<YOUR_BITGO_LOGIN_PASSPHRASE>" export ENTERPRISE_ID="<YOUR_ENTERPRISE_ID>" curl -X POST \ http://$BITGO_EXPRESS_HOST/api/v2/$COIN/wallet/generate \ -H 'Content-Type: application/json' \ -H "Authorization: Bearer $ACCESS_TOKEN" \ -d '{ "label": "'"$LABEL"'", "passphrase": "'"$PASSPHRASE"'", "enterprise": "'"$ENTERPRISE_ID"'", "disableTransactionNotifications": true, "disableKRSEmail": true }'
Create Address
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export COIN="tinitia" export WALLET_ID="<YOUR_WALLET_ID>" export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>" curl -X POST \ https://app.bitgo-test.com/api/v2/$COIN/wallet/$WALLET_ID/address \ -H 'Content-Type: application/json' \ -H "Authorization: Bearer $ACCESS_TOKEN"
Estimate Fee
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export COIN="tinitia" export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>" curl -X GET \ https://app.bitgo-test.com/api/v2/$COIN/tx/fee \ -H 'Content-Type: application/json' \ -H "Authorization: Bearer $ACCESS_TOKEN"
Transact
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export BITGO_EXPRESS_HOST="<YOUR_LOCALHOST>" export COIN="tinitia" export WALLET_ID="<YOUR_WALLET_ID>" export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>" export ADDRESS="<DESTINATION_ADDRESS>" export AMOUNT="<AMOUNT_IN_BASE_UNITS>" export WALLET_PASSPHRASE="<YOUR_WALLET_PASSPHRASE>" curl -X POST \ http://$BITGO_EXPRESS_HOST/api/v2/$COIN/wallet/$WALLET_ID/sendcoins \ -H 'Content-Type: application/json' \ -H "Authorization: Bearer $ACCESS_TOKEN" \ -d '{ "address": "'"$ADDRESS"'", "amount": "'"$AMOUNT"'", "walletPassphrase": "'"$WALLET_PASSPHRASE"'" }'