Eric Chen and Alber Chon — two CHADS who introdused world Injective in 2018
These Guys are insane! if you see them just RUN — they will sweep away everything in their path, to build a strong and robust construction site for Web3 BUILDing!
Injective Blockchain has achieved sky high scalability since its dawn, including the introduction of a mainnet, a testnet, and finally a rebranding, all while sustaining remarkable speed and providing an impeccable user experience. Notably, prominent cryptocurrency backers such as Binance Pantera, Jump Crypto have supported Injective, further solidifying its role as a frontrunner in the DeFi landscape.
You can find detailed information about Injective’s investment rounds on Cryptorank by this link
Tendermint PoS technology
Injective uses a Tendermint-based Proof-of-Stake (PoS) consensus for fast and secure transactions. It’s interoperable with Ethereum and other chains, employing a decentralized cross-chain bridging architecture. The exchange module focuses on various markets and aims for zero gas expenses. Smart contracts using CosmWasm facilitate easy multi-chain transactions.
Injective’s Tendermint-based consensus enhances network security, randomly selecting nodes for block voting. It ensures consistent transaction sequences across systems, preventing double-spending attacks. The Proof-of-Stake (PoS) method, with periodic node selection, provides additional security. Injective’s advanced consensus process guarantees users a reliable and secure experience with immediate transaction finality.
By implementins PoS, Injective provides immediate transaction finality, ensuring that once a transaction is confirmed, it becomes irrevocable.
This stands as a notable advantage compared to PoW blockchains, where the potential for forks can result in transaction reversals.
It can be to much technical information for non-asian people (for most of us), in simple terms Injective is:
- fast
- cheap
- secure
- high-liquid (very important, so users won’t lose funds on slippage!)
Injective provides cross-chain bridge between Ethereum, Solana, Moonbeam and Cosmos with guaranteeing interoperability аcross chains.
Alright, done with that. Code lovers, next part is for YOU!