Injective Protocol:- A Decentralized Exchange To Battle with Bitmex, FTX And Binance Futures

Centralized exchanges have been the leading platforms to trade your assets since the advent of cryptocurrency, though it is very prone to been hacked by intermediaries or fraudsters. This is majorly due to the setbacks recorded by decentralized exchanges. Since blockchain technology was built on decentralized system, i prefer to carryout my transactions on decentralized exchanges unfortunately challenges face by the exchanges has often times be a major hindrance. These challenges are: poor trading pairs volume, transaction lags often experience as well as unresponsive support team. 

Exchanges like Binance, FTX, BITMEX and a host of others, which are centralized platforms on future tradings haven't recorded 100% safety over the years. Many hack attempt has been made on them, some of which were successful breaching proposed security trading promised to the traders, thereby risking user's assets to the hackers. To mention a few, there are also issues of unnecessary KYC, high trading fees as well as manipulation of asset prices on the platforms. 

To address these issues and many more as well as provide solutions; a group of cryptocurrency technocrat researched on these challenges to provide one of the best DEcentralized Exchanges. The DEX is aimed at implementing current technology, high-tech security and topnotch technology for better user experience on trading.

INJECTIVE PROTOCOL

To enhance consistent asset swap as well as permits awesome trading derivatives, Injective Protocol implements Contracts For Difference (CFD). With the aid of price feed, users can create as well as trade on arbitrary derivative market. The orderbook of Injective Protocol exchange is decentralized; Injective Protocol uses Injective-Chain, which operates on a Layer-2 platform; powers the system as well as serves as a decentralized Trade Execution Coordinator (TEC).

It is no doubt that most claimed decentralized exchanges use centralized servers as well as intermediaries to execute matching and relaying of orders. Very few decentralized exchanges like ForkDelta or EtherDelta implemented protocol to refresh order book after every filled blocks on the ethereum network cause it is an on-chain system. To address this falw, Injective Protocol imbibe a transparent decentralized platform with easy access to unlimited liquidity. Also Injective Protocol operates an on-chain system to ensure speedy order updates in order to avoid lag on order executions.

CORE FEATURES OF INJECTIVE PROTOCOLS

The core features of Injective Protocol that makes it stand out amongst the likes of Binance, FTX, BITMEX and others are:

1. No intermediary is needed to execute orders

2. Incoming orders are executed within best minimum timeframe

3. Order manipulation to gain price advantage is highly impossible

4. The system operates on neutral liquidity, which means that there is no limitation to access liquidity pool.

BOUNTY PROGRAM

In order for Injective Protocol to gain good and speedy recognition in the cryptospace, she is conducting a bounty program to award bounty hunters for putting up reviews about the project on various platforms (like Steemit, Linkedin, Medium etc) as well as various Social Platforms (Like Twitter, Instagram, Facebook). If interested, kindly Click here to join

CONCLUSION

Injective protocol no doubt has so much to offer in the cryptospace especially in decentralized exchanges with her modern, secured, seamless and effective derivative tradings.

Kindly visit any of these channels to get more info about Injective Protocol

Website: https://injectiveprotocol.com/

Twitter: https://www.twitter.com/@InjectiveLabs

Telegram: https://t.me/joininjective

Reddit: https://www.reddit.com/r/injective/

Medium: https://medium.com/@injectiveprotocol

Github: https://github.com/InjectiveLabs

WRITER'S DETAILS

Forum Username: Wingleness

Forum URL: https://bitcointalk.org/index.php?action=profile;u=2365425