Injective Protocol, no doubt, is on a clear mission as its growth expansion takes on the blockchain industry with surprises left, right, and center. While its native token, INJ, has recorded exponential rallies with and without Bitcoin’s help, many crypto users and investors wonder how high it can go.
Innovative partnerships and integrations have been seen to be the latest focus of the Injective Protocol, many of which were recorded back to back in the previous week. Apollo is now here with extra unique layers of security. How does this culminate in the bullishness of INJ?
Injective Deploys Apollo Safe To Mainnet
In a recent bullish announcement, Apollo Safe was said to have been successfully integrated and deployed on the Injective Mainnet blockchain. This is great news for INJ users and the entire blockchain ecosystem as innovative security measures come to light to tackle the prevalent hacks and exploits in the space.
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To better understand this, Apollo Safe is a decentralized multi-sig protocol fully powered by CosmWasm smart contracts. For the first time, Apollo Safe launches on the Injective blockchain mainnet bringing an extra layer of security through its powerful smart contract-enabled multi-sig protocol.
As we all know, the sole aim of decentralization is to give authority to users to fully control and manage personal assets and funds with no intermediaries or third-party centralized systems.
While this is good, it has also resulted in several hackers devising means to exploit users by stealing personal private keys or finding a way somehow into user wallets to drain assets.
Apollo closes this security gap by introducing a multi-sig wallet to protect users leveraging decentralized applications and wallets. But what is a multi-sig wallet?
A multi-sig wallet is a digital user wallet controlled and operated by two or multiple signature addresses. It requires multiple user private keys to enable access into a single-user wallet.
This innovation removes the fear of users losing their assets if a personal wallet has been compromised or a private key was stolen. For a hacker or private key thief to fully succeed in draining a user’s wallet, they will need to have the private keys of the multi-signatories to that user account.
Apollo multi-sig wallet on Injective protocol adds an extra layer of security and user protection by notifying other signatories to confirm and verify transactions before funds are approved for transfer or release.
Why Is This Bullish News For INJ Token?
Cryptocurrency users are always on the move, searching for scalable blockchain networks with added layers of security to protect their digital assets.
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With Injective Protocol innovation and Apollo deployment, we could see an influx of users to the INJ ecosystem in the coming weeks. This will drive the ecosystem’s growth and bullishness of the INJ token.
INJ token slight retracement | Source: INJUSD on TradingView
Featured Image from Istock, Charts from TradingView.com
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