Sushi’s to receive a setback with the release of a license by Uniswaps v3

Uniswap v3 aims to reduce the transaction costs
  • Uniswap has introduced the facility of a license to safeguard their open-source codes from copying
  • Even after this step, experts believe that the code-banks are not very much secure from being copied and used wrongly
  • This entire matter came into the limelight when SushiSwap copied the codebase of Uniswap and created a huge misleading data structure

A license of being the third iteration as of now has been provided by Uniswap for code banks as of now, to keep a check on the increased number of duplicate entries which are just vividly copying the general functioning of the company and are claiming to be the company that is seriously messing with the users of the platform. This Tuesday, DEX had released a white paper concerning Uniswap v3, which a possible yes to all its rival projects, such as SushiSwap, which has violated the copyrights of Hayden Adams’s creation, which was a blog post based on the Brooklyn New york team. This included certain details wherein a business sourcing licenses will act as a delay in the commercial use of the codes for around two years. 

Uniswaps comments on the matter

They have mentioned that the code will be kept as open-source and with a GPL license for any further projects that will be built or based upon. With the enforcement of the use of a license, the code of Uniswap cannot be copied and wrongly used by any other platform. However, even after the license, the copying of code bank is a major drawback of any of the open-source codes that have been there in the cryptocurrency market. In an interview, a member had mentioned that a free open source code would keep decentralized finances popular in the coming days, as mentioned by Uniswap. To build a working ecosystem of the Uniswap community, all around the code base of Uniswap v3 is an important step. 

DeFi’s Summer surge

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Witnessing the height to which DeFi rose in the Summer when a copy of Uniswap was released by a developer with Chef Nomi’s pseudonym, whose project was actually SushiSwap. This entire incident made it more important to introduce a license in the code banks of Uniswap to prevent these mishaps. This had forced the release of a token by the Uniswaps and was called the ‘Vampire mining’ of the tokens of SushiSwap. In the present days, as per Messari, the token was at the eight positions as per the market capital volume in the domain of cryptocurrency.

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Andrew Smith
Andrew is a blockchain developer from his education and developed his interest in the cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer.

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