Uniswap v3 Launches TWAP Oracles On Ethereum’s Proof-of-Stake
Uniswap unveiled an innovation to bring scalability and solution to protocols. The new tool dubbed TWAP Oracles is an algorithm that provides information regarding the price of an asset. This is for developers who encounter setbacks when developing smart contracts fused with a Decentralized Finance (DeFi) protocol on Ethereum.
The launch of Uniswap v2 was geared towards empowering mainnet builders to design decentralized on-chain TWAP Oracles, free from internal or external manipulation. Uniswap v3 extended included this with additional gas capabilities within TWAP Oracles. This offered far more perks to the network than PoW did. But, unfortunately, it had unforeseen consequences on TWAP oracles and other layers that depended on PoW blocks.
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