Uniswap Ethereum Foundation.

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Avatar for BeardedCake
3 years ago

Good morning community, in the following article I will publish everything related to my Defi Uniswap product selection.

Uniswap is one of the first decentralized exchanges supported by ethereum Foundation , it was created on January 2, 2018 .

They want to create a fully decentralized product without the support of vcs but they did not have much success in the beginning because the cost was too high. so they had to take support from some vcs , but they limited their power widely on the platform.

Uniswap is a radical change at the time of exchanging, as it opens a door to a world of right not KYC or fragmentation of funds even liquidity is given a radical change in that two people either person must deposit half of an asset against the other half commonly in stable currency generating interest for the buyer or seller's commission.

Uniswap generated a total competition between centralized and decentralized exchanges since centralized exchanges are increasingly closer to governmental power which would generate many problems in the future, we see the case of the creator of Binance in a meeting with the central bank instead decentralized exchanges only respect the mathematics and what they were programmed for.

Uniswap in its beginnings had no major volume but with the hipe of 2020 Sushiswap was created which was a fork of Uniswap since the code was published openly (Uniswap) but with the incentive that had a governance token (Sushiswa) after this act the creators of Uniswap that for years have worked on improving the platform in different improved versions V1 V2 decided to create their own governance token which left many people surprised, because just for using the platform you received 400 UNI with a value in those days of 1200 US, nowadays it is more than 20. 20,000 US.

We are still far from Uniswap being widely used by ordinary people as the Ethereum network is trampled by SPAM miners. Yes miners posting spam to make transactions expensive and you can't verify a transaction without paying extremely high prices over 100 US to exchange a single transaction on Uniswap , but the community has taken notice and at a recent meeting the main developers have written enough.

The future is without miners and with trust based on your history on the Ethereum supercomputer , which greatly lowers the cost per transaction and the amount of transactions per second on the chain.

Currently there are solutions such as roll-ups that are slowly but surely mobilizing we have to see how they solve the spam problem , although many people are already working on it.

Also the community no longer publishes openly their development as it was done some years ago because of plagiarism, they wait for the product to be finished and release it to the market, there have been many cases of plagiarism of code that only change the name,

Finally the distribution of the token has been done as follows 15% of the total has been delivered in full in the recent airdrop 2020, 60% will be claimable for members of the community that provide liquidity to the market among other functions that help the protocol, 18% to investors with consolidation to 4 years which means they can not sell their tokens in 4 years 0.69% vested advisors people in legal aspect or helpers to the project.

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3 years ago

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@gbenga

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3 years ago

🥰😘

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3 years ago