Uniswap has announced the release of a new version of its decentralized exchange

uniswap-v3-release

The third version () of ’s platform will be released, with the goal of improving performance and capital liquidity in this market. Uniswap is a ground-breaking open built on .

Uniswap enables users to trade , eliminating the need for intermediaries. A peer-to-peer transaction is much faster than a exchange and allows for greater freedom. Users can connect to one another directly using the Uniswap protocol. They can instantly exchange whatever assets they want once they’ve connected, without the need for any intermediaries like banks or cryptocurrency . There is no need for a central party or an order book. The protocol contracts used by Uniswap enable users to transact without the use of intermediaries, achieving a high degree of decentralization as well as censorship resistance.

Smart contracts manage transactions, allowing users to easily trade products and cryptocurrencies. While fraudulent transactions, the algorithm automatically calculates a clear and safe rate between various cryptocurrency exchanges.

The exchange protocol in Uniswap was designed primarily for . However, because smart contracts have exchange functionality, the exchange protocol can be used to implement completely decentralized exchanges. The Uniswap Project is based on a continuing discussion about the relationship between cryptocurrency and the traditional financial system.

Version 3 will include a number of new features, including “concentrated liquidity,” which allows liquidity providers connected to the Uniswap ecosystem to set minimum and maximum caps on how much of their holdings are added or removed from any given liquidity pool, giving liquidity providers greater control over the price ranges in which their capital is used. According to Uniswap’s announcement, this will make the protocol more capital-efficient, allowing Uniswap to run more efficiently.

After months of teasers and announcements, Uniswap has announced that the mainnet will go live on May 5th.

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