An Analysis of Injective Protocol: A DEX for the Future of Decentralized Derivatives

October 17, 2020 | By | Reply | 10 Readers More


Multiple prominent cryptocurrency exchanges have been hacked over the years with the most recent major case occurring with KuCoin. Despite extensive security measures, it appears as though hackers are always finding workarounds to access privately held user funds. Despite having extensive KYC requirements exchanges continue to fall victim to privacy hacks and compliance issues as well.

Such events occur because the current cryptocurrency exchange infrastructure model is inherently flawed. Thankfully, they can be countered with the implementation of new and resilient models that are designed with today’s market particularities in mind.

This article will provide readers with a brief analysis of the recent events impacting KuCoin and BitMEX. Furthermore, it’ll showcase how advanced projects such as Injective Protocol can mitigate these situations moving forward.

An overview of…

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