Injective is a blockchain platform that aims to provide a decentralized exchange protocol that is secure, fast, and scalable. The mission of the platform is to give users full control over their assets and make the trading process smooth and hassle-free.
The platform was founded in 2018 by Eric Chen, Mirza Uddin and Albert Nee. Eric Chen and Mirza Uddin are seasoned engineers, and Albert Nee is a former Wall Street trader. Their collective experience in engineering, finance and trading has helped them create a unique platform that solves many of the problems that traders face in the crypto space.
Injective is built on top of the Cosmos SDK, which provides a modular and flexible framework for building blockchain applications. The platform uses a Tendermint-based consensus engine that provides fast block times and high transaction throughput. This makes Injective ideal for high frequency trading and other applications that require low latency and high scalability.
One of the key features of Injective is a decentralized order book. Unlike centralized exchanges where the exchange operator holds users’ assets, Injective’s order book is completely decentralized and users retain full control over their assets. This eliminates the risk of hacking or theft associated with centralized exchanges.
Another unique feature of Injective is the use of an Ethereum compatible virtual machine (EVM). This allows the creation of decentralized applications (dApps) that can run on the Injective network using the same programming languages and tools used to develop Ethereum dApps. This compatibility with the Ethereum ecosystem opens up a wide range of opportunities for developers and traders alike.
Injective also offers its own INJ token, which is used to pay transaction fees and participate in platform governance. Users who own INJ can vote on proposals to further develop the platform, giving them a say in the direction of the project.
Overall, Injective is a promising platform that has the potential to disrupt the traditional exchange model. Its decentralized order book, fast and scalable architecture, and Ethereum compatibility make it a platform to watch in the coming years. As the crypto space continues to evolve, platforms like Injective will play an increasingly important role in the democratization of finance and the decentralization of power.
