Injective brings together solutions for those who invest in the financial market. The blockchain has a decentralized finance system (DeFi) and the broker itself. The cross-chain platform, which works across multiple blockchains, also has its own token, called INJ.
The network is interesting, mainly, for those looking for solutions to determine the best applications in a DeFi environment, which works directly, without intermediaries or financial authorities.
Bridge between blockchains
The Injective blockchain was created with Cosmos SDK (software development kit). By running as a layer 2 application, it solves two main problems: lack of scalability in transactions and distance between blockchains.
Injective was one of the pioneers in cross-chain application. It made it possible to access cryptocurrencies allocated on other chains, such as Ethereum and Polkadot, without leaving the main chain.
It uses data collected from other exchanges to offer the best financial investment opportunities to investors. Artificial intelligence powers decentralized exchanges (DEX) and DeFi applications.
Ethereum Support
One of Ethereum's problems is its lack of scalability. At times with a large number of movements on the blockchain, the data transfer rate is significantly reduced. Layer 2 solutions like the INJ token chain exist to solve this.
Those who have wallets that run on Ethereum, such as MetaMask, will find a familiar environment in Injective, as the system has native support for this wallet, for example. You can access it without changing chains and tokens. Anyone who is used to Vitalik Buterin's network won't find the system strange either.
Another advantage is the low cost per transaction, even when negotiations are booming on the blockchain, with large amounts of data moving.
INJ token exchange
On Web3, the INJ token network has its own exchange. It was created using the 0x protocol. It is open source and allows users to trade different digital assets on Ethereum directly using open source smart contracts.
All development of the protocol and its solutions are accessible. This includes everything from the interface that the user uses to make transactions to the way the smart contract is written and the management of the exchange's order book.
Injective's brokerage seeks to avoid front running, the use of privileged information to gain early advantages in an investment. The Trade Execution Coordinator (TEC) causes a kind of delay so that new orders do not override existing ones and eliminate access prematurely.
INJ Token
The INJ token is native to the system. It is governance, that is, it gives the right to vote in assemblies for improvements and enhancements to the chain. It can also be used for staking on the platform: users who leave coins there are rewarded with the asset.
The system's consensus protocol is Proof-of-Stake (PoS). This means that the currency is not mined, like Bitcoin, but rewarded through on-chain trades. Periodically, it is repurchased and burned to maintain its value.
Learn more about cryptocurrencies
Injective brings a series of tools that help developers and investors trade. By following the NovaDAX blog, you can stay up to date with news from the crypto world and investment tips. Visit and check it out!
