Upbit Adds Uniswap to Listing

Uniswap is one of the leading decentralized cryptocurrency trading protocols that operates on the Ethereum network. It allows users to exchange cryptocurrencies without the involvement of traditional exchanges and centralized intermediaries.

The Uniswap protocol is based on smart contracts that provide direct interaction between participants of the Ethereum network. This mechanism allows users to trade cryptocurrencies directly on the blockchain, bypassing centralized platforms. Thus, Uniswap functions as a decentralized exchange (DEX), where transactions are carried out without the involvement of external operators.

The key feature of Uniswap is the use of an automatic market maker that regulates trading operations. This mechanism allows users to interact with reserves stored in smart contracts without the need to create orders or use servers to confirm transactions. This model differs from classic exchanges, where trading data is processed through centralized platforms.

Uniswap provides full transparency and security of all transactions that are recorded in the Ethereum blockchain, which guarantees the immutability of data and protects users from possible manipulation. All transactions are carried out in real time, eliminating the need to trust centralized authorities.

The protocol is managed through the UNI token. Owners of this token can participate in decision-making regarding the further development of Uniswap, which strengthens decentralization and makes the protocol management more democratic.