Injective dives into its past and reveals some expectations for the future of DeFi.
8 Questions for Injective Protocol
1. Please describe Injective to those unfamiliar with it. What’s your vision and mission?
Injective is an open, interoperable layer-one blockchain optimized for DeFi applications. It uniquely provides plug-and-play modules, including an order book and derivatives trading module, that make it easy for any developer to quickly launch finance applications with inherent value. Coupled with smart contracts capabilities, any developer can build complex applications with cutting-edge protocols. Built with Cosmos-SDK, Injective utilizes a Tendermint-based Proof-of-Stake (PoS) consensus mechanism to achieve instant transaction finality while sustaining lightning-fast speeds.
The current financial system is broken and too inefficient. DeFi has been promising in taking the first step towards breaking down the centralized infrastructure of the traditional exchange markets. Our mission is to take it a step further and to provide the most advanced, next-generation financial infrastructure for building DeFi applications on top of the Injective blockchain. Users can access these applications in a fully decentralized, fast, cross-chain, low-fee, and secure manner.
2. When was the idea behind Injective born, and what led to it?
Injective originally set out to rectify a pressing need in the world of finance: to create a truly free and fair financial system for all. This in turn could only be achieved by creating financial applications that are on par with the performance of centralized counterparts while still retaining complete decentralization.
At its very inception, Injective joined the first-ever cohort of the Binance Labs incubation program. Inspired by the world of cryptography, Injective Labs co-founders Eric Chen and Albert Chon started initial experimentations with Ethereum before quickly realizing that the difficult problems at hand could not be rectified by…
