What Is Injective Protocol?
Injective Protocol is a Cosmos chain designed for Decentralized Finance (DeFi) applications. It provides a range of financial applications, including derivatives, cross-chain margin trading, synthetics, FX markets, and futures trading. It is a unique blockchain explicitly built for finance.
Background
Eric Chen and Albert Chon founded Injective Protocol in 2018 after a Binance hackathon.
How It Works
Injective Protocol is designed with robust out-of-the-box modules that developers can use to build sophisticated applications, including a decentralized orderbook. It is an open, interoperable smart contracts platform.
Built using the Cosmos SDK, Injective Protocol achieves instant transaction finality using the Tendermint proof-of-stake consensus framework. It enables fast cross-chain transactions across large layer-one networks like Ethereum and Cosmos Hub. The Injective ecosystem comprises decentralized applications focused on providing a best-in-class user experience. By providing unrestricted access to decentralized financial markets, products, services, and toolings, Injective Protocol empowers individuals to allocate capital more efficiently.
Key Takeaways
- Injective Protocol is a Cosmos chain explicitly designed for Decentralized Finance (DeFi) applications that provide various financial services.
- The protocol was founded by Eric Chen and Albert Chon in 2018 following a Binance hackathon.
- Injective Protocol provides developers with robust modules that can be used to create sophisticated applications, including a fully decentralized orderbook.
- By using the Cosmos SDK and Tendermint proof-of-stake consensus framework, Injective Protocol achieves instant transaction finality and allows for quick cross-chain transactions.
- The Injective ecosystem comprises decentralized applications that aim to provide a top-tier user experience, offering unrestricted access to decentralized financial markets, products, services, and tools.
