The Nivara Chain upgrade for the Injective platform has officially passed voting and will be implemented on February 18, 2025. This upgrade brings significant improvements and new features to the network.
Key Features of the Nivara Upgrade
The key features of the Nivara upgrade include:
* **Next-Generation RWA Oracle** - support for real-world asset price updates for decentralized applications. * **Modernized RWA Module Architecture** - improved access control mechanisms and flexible configuration options. * **Expanded Authorization Framework** - support for finer delegation control ensuring security compliance. * **Enhanced Exchange Module Security** - market fund isolation in derivative and binary options markets. * **Reinforced Injective Bridge Security** - implementation of segregated wallet systems and new event logging mechanisms.
Injective's Strategic Expansion and EVM Integration
This upgrade follows the announcement of integrating Ethereum Virtual Machine (EVM) support, enhancing Injective's performance and interoperability with Ethereum ecosystem applications. The EVM integration eliminates the need for external modules, making the platform faster and more secure.
Expanding Access to Traditional Finance Markets
Injective has launched an on-chain index via Helix for trading major company stocks like Amazon and Apple using blockchain technology, operating 24/7.
The Nivara Chain upgrade strengthens Injective's position in the decentralized fintech ecosystem, offering reliability, security, and new opportunities for interacting with traditional finance.
