What is Uniswap - A Beginner's Guide (2022 Updated)

🦄Uniswap is a decentralized permissionless exchange that allows users to trade ERC-20 tokens directly.🌈This is a complex topic, make sure you go through the following videos for the basics:👉 What is Ethereum - https://youtu.be/jxLkbJozKbY👉 Bitcoin Trading fo Beginners - https://youtu.be/c7VH96My_3I👉 What is Blockchain Technology - https://youtu.be/2yJqjTiwpxM 👉 What is DeFI - https://youtu.be/btB__oHQ0sUHere is what's discussed in the video:0:57 What is Uniswap?1:13 How Traditional Crypto Exchanges Work1:57 Orders on Traditional Exchanges2:28 Decentralized Exchanges (DEX)3:40 Traditional Crypto Exchange Trades4:47 DEX Trades4:55 Liquidity Pools5:28 Traditional Price Discovery5:47 DEX Price Discovery6:06 Uniswap AMM6:32 Constant Product Market Maker Model8:07 Uniswap8:41 Uniswap Versions9:28 Using Uniswap9:52 Price Slippage10:25 Beware of Scams11:04 UNI Token12:18 Conclusion12:53 Bloopers🧐Read our in-depth guide here:https://bit.ly/3voUEAU📖 Join our 7-day Bitcoin crash course absolutely free:http://bit.ly/2pB4X5B🔔 Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:http://bit.ly/2BVbxeF📲 Get the latest news and prices on your phone:iOS - https://apple.co/2yf02LJAndroid - http://bit.ly/2NrMVw2👇See anything we haven't covered? Leave us a comment in the comment section below