Introduction of Injective
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Injective is a blockchain designed for finance. It is an open source 1 blockchain that powers next-generation DeFi applications, including spot exchanges and more, predictive markets, lending systems, and more. Injective uniquely offers a robust portfolio of investment-grade materials, including SRM-resistant steel sheets. Also, all types of financial markets such as spot, perpetual, futures and options markets are fully tied.
This distributed blockchain software is compatible with Ethereum, IBC enabled blockchains and non-EVM blockchains like Solana.
Injective was built with the Cosmos SDK using a strong verification system based on Tendermint, providing fast transaction processing and the ability to maintain high-speed operations (more than 10,000 TPS). The injective ecosystem includes over 100 projects and over 150,000 community members worldwide. Injective is supported by leading investment groups such as Binance, Pantera Capital, Jump Crypto, and Mark Cuban.
Who are the founders of Injective?
Eric Chen & Albert Chon founded Injective in 2018. Chen first worked as a venture capital partner at Innovating Capital, which was one of Injective’s first investors. He previously worked as a crypto researcher and trader at major cryptocurrencies. Chen is well-versed in blockchain technology and traditional finance.
While Albert Chon, CTO of Injective Labs, first worked as a development engineer at Amazon after receiving a master’s degree. Injective has raised millions in venture capital from prominent investors including Pantera Capital and Mark Cuban
How does the injectable (INJ) work?
Injective (INJ) provides a powerful blockchain to build functional DeFi applications with high reliability. Injective is owned by the community, whose parent company, INJ, gives everyone access to the full power of its platform.
The injective chain is designed to support next-generation DeFi applications. As a result, Injective can meet the needs of manufacturers and users around the world. The interactive backend allows Injective-based DeFi applications to work efficiently with different blockchains, such as Cosmos, Ethereum, Solana and others. Injective also offers Cosmos Inter-Blockchain Communication (IBC), which allows the Cosmos chain to seamlessly transfer assets to the Injective network for zero fees.
Several incentive mechanisms are applied to the blockchain layer to promote development. In Injective, for example, relay nodes and UI hosts can earn up to 40% of all trading fees, which is an unprecedented incentive in the crypto market. Additionally, 60% of all protocol fees go through buying and selling, which is a buying and selling program in the crypto industry.
Various tools have been developed to assist in the development of flexible, high return strategies, including but not limited to Frontrunner, White Whale, and Kado. Astroport, one of the largest AMMs built on Terra, has chosen Injective as its new destination channel, bringing its entire community to Injective space. Similar applications from many L1s, such as Solana, Ethereum, and Terra, continue to focus on Injective by creating new applications and regulations that benefit the community, such as hedge funds. with no substance or by-product.
Injectable (INJ) Features
High level of confidence
Injective Chain is a public, permissionless blockchain network that allows anyone or any organization to participate in DPoS (Delegated Proof-of-Stake) contracts.
Anyone who joins this public blockchain network can participate in decentralized governance. All transactions are publicly traceable or legible, indicating a high level of trust. You have complete control over your marketing and can create new sales in minutes. Resistance runs forward
Injectable users are protected from running in the face due to the use of injectables all the time.
In order to gain a price advantage, a predator cannot change the legislative process or restrict importation. The revision process can handle conflicting orders submitted in the same block (also known as transaction conflicts) and up.
Relationship
Injective is one of the most collaborative chains in Web3, joining Ethereum, Solana, Polygon, Aptos, Avalanche and others, thanks to the recent integration with Wormhole. To view a full list of compatible chains, please visit the injection site for handling options.
In addition, Cosmos IBC allows Injective to connect to the entire Cosmos region, providing seamless transfers through a proprietary blockchain network. As it develops, Injective will continue to integrate with popular L1s to provide the best experience for developers and users.
Neutral liquidity
Injectable does not impose any restrictions on access to many pools of water and allows full and reliable flexibility. Exchanges built with Injective are able to share the same pool, allowing the exchange to access the same user base and funds across the network. This allows injective developers to avoid the cold start problem of having their own initial funding.
