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Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts to create liquidity pools for the execution of trades. It is an open source project and falls into the category of a DeFi product ( Decentralized finance ) because it uses smart contracts to facilitate trades instead of a centralized exchange.
A particular case of CFMMs are the constant product market makers (CPMMs) such as Uniswap v2 and Uniswap v3 where the trading function uses the product of the quantities of each asset in the pool to determine clearing prices. CFMMs are also popular in prediction markets.
Virtual currency. Virtual currency, or virtual money, is a digital currency that is largely unregulated, issued and usually controlled by its developers, and used and accepted electronically among the members of a specific virtual community. [1] In 2014, the European Banking Authority defined virtual currency as "a digital representation of ...
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This work is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License as published by the Free Software Foundation; either version 3 of the License, or any later version.
Augur is a decentralized prediction market platform built on the Ethereum blockchain. [1] Augur is developed by Forecast Foundation, which was founded in 2014 by Jack Peterson, Joey Krug, and Jeremy Gardner. [2] Forecast Foundation is advised by Ron Bernstein, founder of now-defunct company Intrade, and Ethereum founder Vitalik Buterin.
Binance Holdings Ltd., branded Binance, is a global [9] company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading software. Binance was initially based in China, then moved to Japan ...
Proof of work. Proof of work (PoW) is a form of cryptographic proof in which one party (the prover) proves to others (the verifiers) that a certain amount of a specific computational effort has been expended. [1] Verifiers can subsequently confirm this expenditure with minimal effort on their part.