INJECTIVE PROTOCOL-Fast, Secure and Fully Decentralized Trading

Blockchain technology has gotten to the level in which the whole world cannot do without it. We have discovered that this technology is making the news headline everyday which symbolizes global and rapid adoption of this technology. But despite the greatness and potential of this technology, there are still some things that needed to be improved upon its use. We have several and different blockchain network such as bitcoin blockchain, ethereum blockchain, eos blockchain, tron blockchain and some other more. The level of difficulties associated with each of this blockchain network varies based on the type of blockchain. We have some blockchain that are more cumbersome and difficult to use than some others, we also have some that easy to use but they are lacking some other qualities. Let’s take for example the speed of transaction which is solely dependent on the nature of blockchain transaction. Some transactions do take several hours before it could be confirmed on the blockchain network, some blockchain also charges high transaction and mining fees. This is the reason why a new team has gathered around to rectify this problem by launching a new blockchain project known as Injective Protocol

We are about to have an in depth discussion about a great project called injective protocol spare me a moment of your time to go through this write up

Injective Protocol enables fast, secure, and most importantly, fully decentralized trading on top of Ethereum.
What is Injective Protocol?
Injective Protocol is an end-to-end decentralized protocol allowing decentralized perpetual swaps, futures, margin and spot trading. We have built every component of our protocol to be fully trustless, censorship-resistant, publicly verifiable, and front-running resistant.
The protocol itself is principally comprised of the Injective Chain, the Injective Exchange, and the Injective Futures platform.
Why you should choose Injective Protocol?
Although it has several advantages compared to centralized exchange (CEX), a decentralized exchange (DEX) currently also has several problems:
❌ Limited usability
❌ Poor liquidity
❌ High latency
❌ Lack of compelling and diverse product offerings
❌ Censorship prone central points of failure
❌ Permissioned platforms (KYC, geo-blocking)
❌ Regulatory restrictions
The problem that often occurs in DEX today is that the original nature of decentralization is waning. There are boundaries that create bias. DEX usually tends to have slower trading executions and lower liquidity. Therefore, this is not ideal for active traders who want to enter and exit a fairly large position quickly.
That is why Injective Protocol offers very interesting innovations, technology and infrastructure, which will give you a truly decentralized, fast, and secure trading experience. One of the advantages of Injective Protocol is the layer-2 exchange protocol architecture that unlocks the full potential of borderless finance. You can also enjoy various services that support margin trading, derivatives, and futures. Are you ready with this innovation?

Injective Chain
The Injective Chain is a layer-2 sidechain and Cosmos Zone connected to Ethereum. We leverage verifiable delay functions (VDFs) to enforce a fair transaction ordering consensus that reflects real-world time via proof-of-elapsed-time, solving critical race conditions and miner extractable value issues present in Ethereum.
Currently, Injective Chain powers our layer-2 derivatives platform, serves as a decentralized Trade Execution Coordinator (TEC), and hosts a decentralized open orderbook. The chain itself is built on top of Tendermint and allows for transferring and trading Ethereum-based assets on the Injective Chain. In the future, Injective will be integrated with Cosmos IBC, bringing advanced inter-chain decentralized finance capabilities.
Injective Exchange
Unlike traditional exchanges which serve as the gatekeepers of the crypto industry, Injective makes exchange a decentralized public utility. What truly differentiates Injective is that we decentralize and open source every component of decentralized exchange. Everything — from the front-end exchange interface, back-end infrastructure, smart contracts, to orderbook liquidity — is provided openly and for free. This turns the traditional business model of exchange on its head, as we eliminate the technical barrier of entry for one to run a highly performant exchange.
Injective’s model instead rewards relayers in the Injective network for sourcing liquidity. By doing so, exchange providers are incentivized to better serve users, competing amongst each other to provide better user experience, thus broadening access to DeFi for users all around the world.
Injective Futures
The Injective Futures protocol is a decentralized peer-to-peer futures protocol which currently supports decentralized perpetual swaps, contracts for difference (CFDs), and many other derivatives! Our protocol allows individuals to create and trade on arbitrary derivative markets with just a price feed.
Huge shoutout to the talented UMA team for pioneering the priceless construction and for their deep expertise in helping us design our futures protocol!
What are we most excited about?
With the launch of our mainnet in the third quarter of 2020, we are excited to release the world’s first end-to-end fully decentralized exchange protocol tackling the huge global derivatives market. Our beta testnet along with tutorials for developers to try out will be released soon!
Here is a sneak peek into some of the exciting features in the works:
🚀 New Decentralized Futures & Derivatives Markets
💵 Integration with more DeFi platforms
⛓ Cross-chain trading
And most importantly, we are stoked to have you along with us on this journey of building a new decentralized and borderless financial system. To learn more, follow us on our various social media below and be part of the discussion in our growing community.
If you’re as obsessed as us about using magical internet money to change the world, please reach out to us at contact@injectiveprotocol.com. We are always looking for talented and passionate people to join our team.
For More Information, Please visit the links i have put below this article.
Official Website: https://injectiveprotocol.com
Telegram: https://t.me/joininjective
Whitepaper Link: https://docsend.com/view/zdj4n2d
Github: github.com/InjectiveLabs
Twitter: https://www.twitter.com/@InjectiveLabs
Reddit: https://www.reddit.com/r/injective/
Hope you found something useful after going through this article? hurry up and invest in this project.
Author : Maniecool
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995