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Review on Uniswap (V2) by Enoch Ogbudu

Revainrating 4 out of 5

Uniswap is a fully decentralized protocol for automated liquidity

Uniswap is of course one of the most widely utilized decentralised application built on Ethereum by Hayden Adams in 2018.The Uniswap convention gives an easy to use, low latency interface for the immediate trade of ERC-20 cryptocurrencies. This amazing Dex instrument doesn't take any charges and it's intended to work as a public decent trade.



This gives all clients a similar beginning stage, and all currencies recorded on the DEX are allowed to exchange. Giving this much opportunity to clients can cause confusion, however the DEX tackles the issue by utilizing the steady item market creator system, which decides both value slippage and trade rates. The entire environment is held together by the clients, and the quantity of ventures on Uniswap is a demonstration of the framework's solidarity.

I highly recommend uniswap because it is a platform for users to trade on tokens without platform fees or charges from middlemen and it is a protocol on the Ethereum platform for the easy swapping of ERC 20 tokens.

Pros
  • Uniswap creates an opportunity for customers to create their decentralized exchange
  • Uniswap can reach $100 by future
  • It is very safe to use
Cons
  • Uniswap charging fees is quite expensive

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