A completely decentralized exchange rising star in the crypto industry is what Uniswap is. We can check how many centralized exchanges were hacked in the very recent past to understand the benefits of Uniswap.
In 2013, about eight lac and fifty thousand bitcoins were stolen from the exchange back. This is has reported by Mt.gox.
Again in 2014, around nineteen thousand bitcoins were effectively stolen. This time, the hackers got in to the exchange system with the assistance of malicious mail that was unfortunately opened by one of the employees. This incident has been reported by Bitstamp.
In 2014, seven thousand one hundred and seventy bitcoins were stolen as reported by BTER. In 2015, one lac twenty thousand bitcoins were stolen completely from the exchange as recorded by Bitfinex. It has happened in all of the following years till 2021 and we have understood that this will happen in 2022.
We all get the points. The centralized exchanges are far more convenient for trading. However, this means that we are required to deposit the very precious bitcoins into their hands and simply wish that they will not lose them.
Completely different is Uniswap. All you are required to do is trade within the cold storage wallet without the requirements to send the coins to the exchanges. This is an amazing method to trade with piece of mind. Over the last two years, Uniswap has become more important.
The token symbol of Uniswap exchange is what UNI is. This token has been created to create profitability to the Uniswap system and also the users that hold the Uniswap UNI token can highly influence over key decisions that the Uniswap protocols shall decide in the very future. That makes it flexible and completely governmented by the actual users and not only the owners.
