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Uniswap Labs Revealing New Version Of Uniswap According to a | Crypto | Bitcoin | Blockchain

Uniswap Labs Revealing New Version Of Uniswap

According to a June 13 blog post by Uniswap’s Founder, Hayden Adams, Uniswap Labs has published a draft of the code for Uniswap V4. The new code includes “hooks” or plugins that enable developers to construct their own liquidity pools. The new design will be more efficient, with preliminary data indicating that it will lower the cost of pool construction by 99%. It will also enable developers to make their own compromises, enabling them to create minimalistic pools that are less expensive to operate.

Perhaps the most significant difference is that it opens up a far larger playing field for developers to construct their own pools with their own rules, possibly leading to much more experimentation. For the first time, Uniswap Labs is soliciting community input on Uniswap v4 prior to its public release. This community-driven initiative is intended to highlight Uniswap’s commitment to decentralization. It is a significant distinction intended to distinguish decentralized exchanges (DEX) from centralized exchanges (CEX), such as Coinbase and Binance, which are now facing SEC litigation. Uniswap is the world’s biggest decentralized crypto exchange by volume.

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