Uniswap: A Decentralized Exchange (DEX)
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Uniswap
Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain. Unlike traditional centralized exchanges (CEXs), which are operated by a central authority, Uniswap operates autonomously. This means there's no need for intermediaries, such as brokers or custodians.
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Advantages of Uniswap
Security: As a decentralized platform, it's less vulnerable to hacking attacks compared to centralized exchanges.
Accessibility: Anyone with an Ethereum wallet can use Uniswap without requiring KYC (Know Your Customer) verification.
Transparency: All transactions are publicly recorded on the Ethereum blockchain.
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