Uniswap is a DEX that revolutionized the way cryptocurrency trading is conducted by eliminating the need for intermediaries. With its innovative automated liquidity protocol, Uniswap allows users to trade cryptocurrencies directly from their wallets without relying on centralized exchanges.
This article will dive into the definition and potential future of Uniswap, along with how it works and its impact on the broader cryptocurrency ecosystem. For more detailed insights, follow the article by AZcoin.
What is Uniswap?
Uniswap is a fully decentralized exchange built on the Ethereum blockchain, enabling peer-to-peer trading without any centralized authority.
It was launched in 2018 by Hayden Adams and operates under the Automated Market Maker (AMM) model, which uses smart contracts to facilitate trades. Unlike traditional exchanges that rely on order books, Uniswap uses liquidity pools to enable seamless token swaps.
How Uniswap works