What is Injective?
Injective is a layer-1 blockchain optimized for decentralized financial applications (DeFi). The platform offers developers pre-built, customizable modules to create dynamic applications that aren’t possible on other networks. With enhanced cross-chain interoperability and optimizations in its core architecture, Injective delivers a high-performance network capable of bringing global financial systems on-chain in a secure and efficient way.
Whitepaper: injective.com
How does Injective work?
Injective uses a customized implementation of the Tendermint Proof-of-Stake (PoS) consensus mechanism, enabling fast and secure transactions with instant finality. The platform also supports WebAssembly (Wasm) smart contracts, allowing developers to build advanced and interoperable DeFi applications.
The token
Ticker: INJ
Category: Platform Token
Blockchain: Injective
Protocol: Proof-of-Stake (PoS)
Year of launch: 2018
The technology behind Injective
Injective is built using the Cosmos SDK and utilizes the Tendermint BFT consensus mechanism. The platform supports interoperability with other blockchains, enabling cross-chain transactions and applications. Additionally, Injective offers an advanced infrastructure for DeFi applications, including a decentralized order book architecture and support for a variety of financial instruments.
The Injective ecosystem
The Injective ecosystem includes a growing number of decentralized applications (dApps), ranging from decentralized exchanges (DEXs) to platforms for synthetic assets and prediction markets. The platform also enables the creation of new markets and financial products, contributing to the expansion of the DeFi landscape.
Who founded Injective?
Injective was founded by Eric Chen and Albert Chon in 2018. The project was launched through the first incubation program of Binance Labs and has since attracted investments from prominent backers, including Mark Cuban and Pantera Capital.
Price at this moment
24h ago
€8.63
The value of Injective 24 hours ago
24h highest price
€9.01
The highest value of Injective the last 24 hours
24h lowest price
€8.50
The lowest value of Injective the last 24 hours
24h difference
€0.11809700
The value in which Injective has dropped or increased the last 24 hours
Impact on the environment
Click here to read more information about the impact of this coin on the environment.
Risk disclaimer
Please note: for more information about this crypto asset, consult the official resources provided by the project via https://injective.com/.
Before trading, make sure to read the general risk warning about crypto asset trading:
Cryptocurrencies, including Injective (INJ), are volatile and involve risks. The value of INJ can fluctuate significantly, and investments may result in financial losses. Always do your own research and only invest money you are prepared to lose.
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