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Uniswap was created on November 2, 2018 [3] by Hayden Adams, [4] a former mechanical engineer at Siemens. [1] Adams is the founder and CEO of Uniswap Labs, the company responsible for the development of the Uniswap Protocol, a decentralized exchange (DEX) built on the Ethereum blockchain. [5]
The Uniswap wallet app allows users to access virtually any cryptocurrency across several blockchains, including Ethereum, Bitcoin, Solana, Avalanche and others. The wallet can also be used to ...
The Uniswap protocol facilitates decentralized swaps of crypto-assets through an automated market maker (AMM) type design. The protocol has become one of the pillars of the DeFi ecosystem in Ethereum.
Another DeFi protocol is Uniswap, which is a decentralized exchange (DEX) set up to trade tokens issued on Ethereum. Rather than using a centralized exchange to fill orders, Uniswap pays users to form liquidity pools in exchange for a percentage of the fees collected from traders swapping tokens in and out of the liquidity pools.
Ethereum enthusiasts gather for a Merge party in San Francisco in 2022. Ethereum 2.0 (Eth2) was a set of three or more upgrades, also known as "phases", meant to transition the network's consensus mechanism to proof-of-stake, and to scale the network's transaction throughput with execution sharding and an improved EVM architecture.
Decentralized exchange Uniswap burns through more gas than any other application on Ethereum.
The first DApp on the Ethereum blockchain was published on April 22, 2016. [5] From May 2017, the number of DApps being developed have grown at a higher rate. [5] After February 2018, DApps have been published every day. [5] Less than one fifth of DApps capture almost all the DApp users on the Ethereum blockchain. [5]
On 15 September 2022, the world's second largest cryptocurrency at that time, Ethereum, transitioned its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS) in an upgrade process known as "the Merge". According to the Ethereum Founder, the upgrade would cut both Ethereum's energy use and carbon-dioxide emissions by 99.9%. [28]