INJ, A token from Injective Protocol, aims to solve global financial problems

Modified on Thu, 07 Dec 2023 at 06:43 PM

Eric Chen, CEO of Injective Protocol, once said that “investing” is currently inaccessible to billions of people worldwide. While most other platforms try to act like gatekeepers, they often run into technical issues. This is why Injective comes in to solve this problem, to enable everyone to invest without fees. Therefore, this is the origin of the emergence of this platform.

Getting to know Injective

Injective is a pioneering global DeFi Derivative Exchange running on the Injective Protocol blockchain network, a decentralized network financial system. There is decentralization in the network that helps verify transactions. This makes decentralized financial services transparent and reliable because it can be verified in every transaction.

Injective’s mission is to create an independent and inclusive financial ecosystem through decentralization. With a blockchain built for finance and Web3 plug-and-play Convenient for developers, dApps will transform the traditional financial system to be more interoperable, scalable, and truly decentralized.

Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom-built with the Cosmos SDK and utilizes a Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain the lightning-fast performance of around 10,000+ TPS.

Founder of Injective

Eric Chen is one of the co-founders of Injective Labs. Before founding Injective, he worked as a cryptocurrency researcher and trader in a major crypto fund. He is also an innovation leader in blockchain investments, including investments in well-known companies such as 0x, ChainLink, and Cosmos. Chen undoubtedly possesses extensive knowledge of blockchain protocols and traditional finance.

Another co-founder is Albert Chon, who serves as the CTO of Injective Labs. He completed his undergraduate and master’s degrees in Computer Science at Stanford University. He is a software development engineer with prior experience at Amazon. He is well-known for his contributions to the development of new Ethereum standards used by several prominent projects today. He co-founded Injective Labs alongside Eric Chen.

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