What is Injective?
Description
Injective (INJ) is a decentralized platform that aims to introduce full interoperability and scalability in the trading of derivatives and digital assets, eliminating the risks associated with intermediation of these activities. The platform enables peer-to-peer (P2P) trading using a Layer-2 infrastructure for Ethereum, to ensure high speed and low transaction costs. Injective Protocol aims to be a decentralized trading infrastructure that seeks to democratize access to financial markets and promote a new era of open and decentralized finance.
Injective is designed to be fully decentralized and community-driven through its INJ token.
Technology
Injective Protocol's technology stands out for several key aspects:
Injective Chain: Injective's chain is a Layer-2 blockchain built for trading and decentralized finance. It utilizes the Injective Consensus Protocol (ICP), which combines elements of Proof of Stake (PoS) with a network architecture optimized for high-speed trading.
Interoperability: Injective Protocol supports cross-chain interoperability, allowing users to trade a wide variety of digital assets from different blockchains. This is made possible through the use of blockchain bridges coupled with a multi-chain architecture.
Exchange Protocol: At the core of Injective Protocol is its decentralized exchange protocol, which allows the creation of derivative or spot markets in a completely decentralized and permissionless manner. Users can create, share, and operate on unique markets without the need for intermediaries.
Zero Gas Fees: By utilizing a Layer-2 solution, Injective Protocol eliminates gas costs (network fees) for users, enabling fast and efficient trading without the high transaction fees typical of other Ethereum-based platforms.
On Conio it is possible to buy and sell INJ (Injective's native blockchain currency), however, it is not yet possible to withdraw and deposit INJ. On the other hand, you can use the "Convert" function to convert INJ to another asset from among those in the Conio marketplace.
What is Injective?
Description
Injective (INJ) is a decentralized platform that aims to introduce full interoperability and scalability in the trading of derivatives and digital assets, eliminating the risks associated with intermediation of these activities. The platform enables peer-to-peer (P2P) trading using a Layer-2 infrastructure for Ethereum, to ensure high speed and low transaction costs. Injective Protocol aims to be a decentralized trading infrastructure that seeks to democratize access to financial markets and promote a new era of open and decentralized finance.
Injective is designed to be fully decentralized and community-driven through its INJ token.
Technology
Injective Protocol's technology stands out for several key aspects:
Injective Chain: Injective's chain is a Layer-2 blockchain built for trading and decentralized finance. It utilizes the Injective Consensus Protocol (ICP), which combines elements of Proof of Stake (PoS) with a network architecture optimized for high-speed trading.
Interoperability: Injective Protocol supports cross-chain interoperability, allowing users to trade a wide variety of digital assets from different blockchains. This is made possible through the use of blockchain bridges coupled with a multi-chain architecture.
Exchange Protocol: At the core of Injective Protocol is its decentralized exchange protocol, which allows the creation of derivative or spot markets in a completely decentralized and permissionless manner. Users can create, share, and operate on unique markets without the need for intermediaries.
Zero Gas Fees: By utilizing a Layer-2 solution, Injective Protocol eliminates gas costs (network fees) for users, enabling fast and efficient trading without the high transaction fees typical of other Ethereum-based platforms.
On Conio it is possible to buy and sell INJ (Injective's native blockchain currency), however, it is not yet possible to withdraw and deposit INJ. On the other hand, you can use the "Convert" function to convert INJ to another asset from among those in the Conio marketplace.