Ȗniswӑp exchange

Ȗniswӑp exchange A Unique Exchange - Medium

Uniswap is one of the most interesting projects to launch on Ethereum in recent times. It is a protocol for decentralized exchange of tokens, but very different from the traditional ones seen today. Inspired by one of Vitalik’s reddit posts a few years ago, creator Hayden Adams initially sought to gain some Solidity practice. Soon after, though, this training exercise evolved into receiving a grant from the Ethereum Foundation. Uniswap is a set of smart contracts deployed to the Ethereum network, which means the entirety of this process takes place on-chain. There is no token, no centralization, and no fees going to any of the founders. The mechanics of Uniswap take some getting used to, but afterwards we’ll see that this protocol for trading tokens has some nifty advantages over traditional DEXes.

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