Injective is the single fastest blockchain for building financial applications
DApps are used in various areas of our lives — from social networks and the gaming industry to finance. #DApps operate on the basis of smart contracts in a distributed network. Decentralization, resistance to attacks, built-in trust, transparent contract terms — all these are the advantages of DApps. The benefits for applications requiring #blockchain are clear.
Web2 applications are centralized and this is their most vulnerable point. Hacking one of the centralized servers can bring down the entire network. Leakage of information, distortion of data is also a very real risk of such servers.
DApps do not have central management and single points of failure. DApps also ensure continuous operation, even if some part of the network fails.
One of the main advantages of DApps is that with the help of smart contracts, developers can easily integrate cryptocurrencies into the main functions of the application.
A large number of DApps creates very high competition among developers.
But even among such competition, such a project as Injective stands out favorably.
The developers of Injective proposed their vision of a decentralized platform for financial applications, which can fundamentally change the paradigm of decentralized trading.
#Injective is built in the Cosmos ecosystem on the #Tendermint infrastructure. For developers, working with #Cosmos and Tendermint has a number of advantages. High scalability ensures the life of the network in the event of a data center outage. The network does not require mining devices, the system requirements for the device are quite simple.A stable network requires a minimum of 30 validators, which cannot be owned by one person. In this protocol, each blockchain is independent and is a child process of tendermint. This allows all blockchains to work with each other.
Any user can use the Injective decentralized protocol without prior permission.
Application BlockChain Interface (ABCI) — an external interface for interacting with the protocol. It is quite convenient and allows you to process transactions in any programming language. It can be hosted locally or on a web server. This interface is also used by IPFS.
The Injective project uses Proof-of-Stake (PoS) based on Tendermint. It allows derivatives trading, staking and delegation of rewards between Cosmos, Ethereum and other layer 1 protocols.
A distinctive feature of Injective is that it can keep an order book. At the same time, safety and speed are not affected. Injective can support a wide range of trading and yield generation operations on Tier 1 blockchain networks.
The governance of the Injective network takes place through a decentralized autonomous organization (DAO), in which everything is decided by voting.
Also, Injective offers a minimum trading commission, which will please all traders very much.
The goal of the project is to create a free decentralized platform for Web3 financial applications. Injective is the fastest blockchain for dApps that are highly interoperable and scalable. Injective is the best framework for building and running DeFi applications.As for the expansion of the Injective ecosystem, only recently one of the largest AMM protocols, Astroport, has joined the project, a $150 million ecosystem initiative has been launched, the largest institutions have been integrated: Pantera Capital, Kucoin Ventures, Jump Crypto, IDG Capital, Gate Labs, Delphi Labs, Flow Traders and Kraken Ventures, and launched the Global Hackathon with $1 million in funding.
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