Evgen_by | Injective

Posted on Jul 05, 2023Read on Mirror.xyz

The possibilities Injective gives us

Create your own markets

Many of you would like to create your own DeFi product to solve this or that problematic issue, Injective with its unique feature will help you achieve this goal!

With Injective, you get ready-to-use modules for developers, such as a fully decentralized stock market that can be used to create a variety of complex applications.

Bridges

Transactions between many popular blockchains are a huge advantage of the project. For example, if you have some INJ tokens stored with Bridge from Injective, you can easily transfer funds to another network. More information on this topic is written here. I've already written a tutorial on this topic using INJ tokens - MATIC as an example. Here is the link to it.

Injective Bridge supports:

Wormhole - Cross-chain connections; Peggy - Any ERC20 token; IBC - Chains with Cosmos IBC; Axelar - Cross-chain communications. You can use Injective Bridge to transfer assets to and from Injective with static blockchains like:

Ethereum, Solana, Cosmos Hub, Osmosis, Evmos, Axelar, Moonbeam, Persistence, Secret Network, Stride and many others.

Low fees at high speed Worth mentioning waiting time and transaction cost, Injective also shows itself very well in this regard. Let's compare it with such giants as Bitcoin and Ethereum. Bitcoin has an approximate wait time of 60 minutes for a transaction, but the process costs an average of $12. In the case of Ethereum the situation is slightly better, namely 5 minutes, although the fee is $2.8. Injective will definitely surprise you as the transaction will be delivered immediately to the recipient and the cost is $0.0002.

This figure is achieved with Tendermint consensus based on share proof.

Tendermint is software for secure and consistent application replication across many computers. By secure, we mean that Tendermint works even if up to 1/3 of the computers are arbitrarily disconnected. The ability to tolerate computer failures, including hacker attacks, is known as Byzantine continuity of operation (BFT). BFT theory has been around for decades, but software implementations have become popular recently due to the success of "blockchain technology" such as Bitcoin and Ethereum.

Tendermint consists of two main technical components: a blockchain consensus engine and a universal application interface. The consensus engine, called the Tendermint Core, ensures that the same transactions are recorded on each computer in the same order. The application interface, called ABCI (Application BlockChain Interface), allows transaction processing in any programming language.

Integration with other blockchain platforms Injective actively integrates with other blockchain platforms such as Ethereum, Cosmos and others to provide scalability and extensibility to the protocol. This allows the user to choose the most convenient and compatible blockchain platform for trading. You can see the number of societies on the official website or on Twitter.

You can find out more information from the links below:

Injective Hub: https://hub.injective.network/

Injective Bridge: https://hub.injective.network/bridge/

Injective Explorer: https://explorer.injective.network/

All Injective Social Links: https://linktr.ee/injective

Twitter: https://twitter.com/Injective_

Telegram: https://t.me/joininjective