Uniswap enters a new phase
We regularly talk about the leading digital projects of the Blockchain industry. And in today’s article, we will touch on the advanced platform again. Next, we will talk about the new version of the Uniswap project. This digital exchange is launching the third version of its protocol. And this is one of the biggest platform updates of all time. So let’s figure it out. So let’s get started.
We remind about the project
Despite the phenomenal and obvious success of Uniswap, we understand that many of our readers are hearing about this platform for the first time. That is why it is first necessary to recall the concept of a digital platform and only then proceed to discuss the update. Actually, this project specializes in helping with digital translations. This is a currency exchange, but it is structured in a completely unique way. The main, but not the only difference from competitors is the decentralized operating principle. The platform operates in a distributed manner, without the possibility of control by third parties. Thus, the developers guarantee maximum privacy for their own clients. Platform users can quickly exchange ETH for tokens, conduct operations to purchase and sell currencies. And all this in a convenient, modern interface. With security and privacy.
Obviously, such an interesting concept has received the attention and commercial success it deserves. At the very least, a new trend among all digital exchanges can be considered an indicator of the popularity and solvency of the company. Many platforms today operate in a decentralized manner. But it was Uniswap that became the pioneer in this direction. And, in addition to the recognition in the community, the financial viability of the organization should be noted. The phenomenal income of the enterprise allowed the company to quietly earn, develop and find funds for functional upgrades. We will talk about one of these innovations in the next section.
What’s new in Uniswap?
The update affected the entire device of the platform. The list of technical parameters of the innovation can be read on GitHub. Fortunately, the project publishes its own code in the public domain. In addition, it should be noted that the platform has been rebooted several times after making changes. And it is also interesting that the founder of the project promised to tell about a certain “surprise” that is timed to coincide with the release of the new version of the project. Fundamental upgrade of the project will allow it to compete quietly with many decentralized platforms.
Of which there are indeed many more. Among the most obvious competitors for Uniswap are such sites as Curve, SushiSwap, PancakeSwap. These and many other platforms are gradually shifting the consumer focus from Uniswap. Therefore, the exchange now offers breakout instruments such as concentrated liquidity and the ability to enter into multiple positions within a single transaction. This will take the user experience for Uniswap customers to a whole new level.
Now everyone can combine many useful tools and fully enjoy the advanced functionality of Uniswap. We congratulate the Uniswap team on the solemn relaunch of the platform and have no doubt that this is just the beginning of an exciting project path to even greater success. Obviously, we will soon hear about new achievements of Uniswap. To stay updated on this and many other projects, follow our news articles. We publish only high-quality, interesting material. Thanks for attention. Good luck!