What is UNI?

_{What is Uniswap (UNI)?}‍

Uniswap (UNI) is a decentralized trading protocol
Renowned for facilitating automated trading of DeFi tokens
Launched in November 2018, Uniswap runs on the Ethereum blockchain
and uses the Automated Market Making (AMM) system to trade ERC-20 tokens.
Without relying on traditional order books

_{Blockchain nativo:}

Uniswap is a decentralized application (DApp) of type decentralized exchange or DEX.
That runs on Ethereum and has the UNI token in the form of ERC-20 tokens.

_{Protokola Konsensus:}

Like many tokens based on Ethereum, UNI also uses an Ethereum-based PoW consensus system.
And with ETH's 2.0 upgrade, it will switch to a PoS system as well.

_{Trilemma (Security, Speed, Scalability):}

Seguridad: Uniswap is built on Ethereum, so it also gains security strengths
In addition, smart contract verification and general identity verification procedures have been added.

snelheid: Uniswap's transaction speed is directly dependent on ETH's network
This means that when there is a lot of activity over a certain period of time, it slows down the transaction itself.

Scalabilità: In addition to the general scaling element similar to that of ETH.
In Uniswap V3, a feffer called concentrated liquidity has been added.
This allows for flexible and efficient transactions for liquidity provider (s).

_{Founder/Date Founded:}

Hayden Adams created Uniswap in November 2018 with the guidance and support of Vitalik Buterin.
Who is the founder of Ethereum?

_{Objective/Use Case:}

Uniswap was created to be a tool for swapping various tokens.
that works on the Ethereum network without intermediaries
This will give token users more control power and lower overall transaction fees.
By itself, the UNI token itself gives the power to vote, modify or develop the project to those who hold UNI.

_{Total supply/Limit or Unlimited:}

UNI has a total of 1 billion tokens, which have been distributed to various parties: users, teams, project consultants.
Includes reserve funds for user groups

_{Supply Deflation:}

UNI does not have a system for burning coins or controlling fixed inflation.
But UNI holders can collectively vote to have policies or future developments that will affect UNI and its price.

This article provides a basic understanding of Uniswap and UNI tokens.
For those who are just starting out in the world of digital assets, it should be borne in mind that digital assets are changing rapidly.
Therefore, always keep abreast of the latest developments and updates.

_{Sources of information:}‍

Uniswap whitepaper
Ethereum/Roadmap
Uniswap Docs
blog.uniswap.org
blog.uniswap.org/uniswap-v3

‍