The Uniswap network is intended to facilitate the buying and selling of crypto assets in a manner similar to that of a regular exchange.
It accomplishes this through the use of smart contracts, which allow crypto traders (known as crypto liquidity providers) to deposit crypto assets into pools. Other crypto traders can then buy and sell these assets thanks to these smart contracts.
The “Factory” smart contract includes an exchange registry as well as a way for deploying a “Exchange” contract for a specific ERC20 coin.
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