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Uniswap

Uniswap

Uniswap is a cryptocurrency exchange which uses a decentralized network protocol.

Tag IconCryptocurrency,  Blockchain  
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Basic Information
Uniswap was created on November 2018 by Hayden Adams. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts. Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies and tokens; it is provided on blockchain networks that run open-source software. This is in contrast to cryptocurrency exchanges that are run by centralised companies. As of October 2020, Uniswap was estimated to be the largest decentralized exchange and the fourth-largest cryptocurrency exchange overall by daily trading volume. In contrast to centralized exchanges, Uniswap uses liquidity pools rather than serving as market maker, with an aim to create more efficient markets. Individuals and bots—termed "liquidity providers"—provide liquidity to the exchange by adding a pair of tokens to a smart contract which can be bought and sold by other users. In return, liquidity providers are given a percentage of the trading fees earned for that trading pair.
Headquarters
:
New York, New York, United States of America
Founding Date
:
2018
No. of Employees
:
21 to 40
Core Team
:
1.  
Hayden Adams
Founder and CEO
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