Uniswap (UNI)

1. Uniswap information

First publication November 2018
Block generation cycle 15 seconds
Total issuance limit 1,000,000,000
Consensus Protocol Proof-of-Work
Developer Hayden Adams
Main homepage https://uniswap.org/

2. Uniswap Overview

  • Uniswap is a popular decentralized trading protocol. The platform is known for its significant role in facilitating the automated exchanges of decentralized finance (DeFi) tokens.
  • Uniswap launched in November 2018. The project gained considerable support and basked in the limelight this year due to the DeFi explosion and surge in various token trading needs.

3. Characteristics of Uniswap

  • The aim of Uniswap is to keep token trading automated. The platform’s goal is to completely be open to any token holder. The team wants to improve the efficiency of trading.
  • Uniswap creates a more efficient solution. Solving liquidity issues, the exchange implements automated solutions to avoid the problems which haunted the first decentralized exchanges.