Use of Ethereum as a Base Layer

Lessons > Use of Ethereum as a Base Layer
Course Content
Course Introduction
Welcome to the exciting world of Injective Protocol! This course has been meticulously designed to provide you with an in-depth understanding of the Injective Protocol, its unique features, mechanics, and its role in the ever-evolving landscape of decentralized finance (DeFi). Whether you are a blockchain enthusiast, a cryptocurrency trader, or simply a curious learner, this course will equip you with the knowledge and insights you need to understand and navigate the Injective Protocol. Throughout this course, we will dive deep into the purpose of the Injective Protocol and the problems it aims to solve in the blockchain space. We will explore its key features such as peerto-peer trading, zero gas fees, and fast transaction speeds, and break down complex concepts into easy-to-understand parts. We will also delve into the mechanics of the Injective Protocol, including its layer-2 decentralized exchange infrastructure and its use of Ethereum as a base layer. We will discuss the role of the Injective Token (INJ) within the Injective ecosystem, its use for governance and staking, and how to use the Injective Protocol for trading. Furthermore, we will explore the concept of insurance on Injective, compare Injective with other networks like Ethereum, and provide resources for further learning for those who want to continue exploring the world of Injective Protocol. By the end of this course, you will have a comprehensive understanding of the Injective Protocol, its unique features, and how it fits into the broader DeFi ecosystem. You will be able to confidently engage in discussions about Injective, make informed decisions about trading on the Injective Protocol, and have a firm foundation for further exploration and learning in this exciting field. So, are you ready to dive in? Let's embark on this exciting learning journey together!
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Expectations and Goals
Injective Protocol Deep Dive
Purpose of Injective Protocol
Problems Solved by Injective Protocol
Key Features of Injective Protocol
Here we will go over some of Injective key features like Peer-to-Peer trading, zero gas fees and fast transaction.
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Peer-to-Peer Trading
Zero Gas Fees
Fast Transaction Speeds
The Mechanics of Injective Protocol
Learn what the Injective protocol is and how it works.
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Layer-2 Decentralized Exchange Infrastructure
Use of Ethereum as a Base Layer
The Role of INJ in the Ecosystem
Use of INJ for Governance and Staking
Using the Injective Protocol
Insurance on Injective Protocol
Comparing Injective to Other Networks
In this section, we will compare Injective Protocol with one of the most popular blockchain networks, Ethereum. This comparison will help you understand the unique advantages and potential challenges of Injective Protocol.
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Comparison with Ethereum
Pros and Cons of Injective
zkRollups
Key differences between the Layer-2 DEX Infrastructure and zkRollups:
Further Resources
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Resources for Further Learning
Continuing Exploration of Injective Protocol
All You Need To Know About The Injective Network
About Lesson

Welcome back! In this lesson, we will continue our exploration of the mechanics of the Injective Protocol. Specifically, we will discuss the use of Ethereum as a base layer in the Injective
Protocol’s architecture.

Ethereum is a well-known and widely used blockchain platform that supports smart contracts. It’s the foundation upon which the Injective Protocol is built. But why Ethereum? Let’s find out.

Why Ethereum?

The Injective Protocol chose Ethereum as its base layer for several reasons:
1. Maturity: Ethereum is one of the most mature and widely adopted blockchain platforms. It has a robust ecosystem, a large community of developers, and a wealth of resources that can be leveraged.
2. Interoperability: Ethereum’s smart contract capabilities make it possible for Injective to interact seamlessly with other Ethereum-based protocols and applications. This interoperability is key to Injective’s goal of creating a fully decentralized trading ecosystem.
3. Security: Ethereum’s decentralized and secure nature provides a strong base layer for Injective. The security of the Ethereum network is well-tested and trusted by the community, which adds an extra layer of trust to the Injective Protocol.

How Does Injective Use Ethereum?

As we learned in the previous lesson, Injective uses a Layer-2 decentralized exchange infrastructure to process transactions off-chain before batching them together and adding them to the Ethereum network.

This means that while the bulk of transaction processing occurs on Injective’s Layer-2 infrastructure, the final transaction data is stored on the Ethereum blockchain. This approach leverages the security and decentralization of Ethereum while also benefiting from the speed
and scalability of Injective’s Layer-2 solution.

The Benefits of Using Ethereum as a Base Layer

Using Ethereum as a base layer brings several benefits:
1. Trust: Ethereum’s track record and wide adoption give users confidence in the security and reliability of the Injective Protocol.
2. Compatibility: Injective is compatible with all Ethereum-based assets and protocols, which opens up a vast array of trading possibilities.
3. Decentralization: By leveraging Ethereum’s decentralized nature, Injective ensures that its protocol remains fully decentralized, aligning with the ethos of blockchain technology.

In the next lesson, we will move from the mechanics of the Injective Protocol to the role of the Injective Token (INJ) within the ecosystem. Stay tuned! Before proceeding, ensure you understand the role of Ethereum as the base layer in the Injective Protocol. Feel free to revisit this lesson as needed. Happy learning!

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