Crypto academy week 4 home work post for gbenga:-

Hey there. This is prakhar pratap singh and today's post is against the Home work given by @gbenga for week 4.
Today's task is based on the ethereum blockchain.
So let's get started

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what is ethereum

So ethereum blockchain was founded in 2018. The problem with bitcoin blockchain that was also there at that time, was that it was very slow. The transaction was slow and there was also deficiency.
To tackle this problem in 2018 ethereum blockchain was founded.

It also has its own coin named ether which is a coin of ERC-20 token.

usefulness of ethereum

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Ethereum is very useful and popular as it allows it's user to built apps on its plateform and also enables user to write code too. These apps are decentralised apps or Dapps in nature. And automated transaction is one of the usefulness of these codes.

For example you want to exchange your coin and you estimate that you will get maximum gain at 3 am in the morning. Then rather than waking up till 3 am and disturbing your schedule, you can set automated transaction that will it's be executed at 3 am in the morning.

what is uniswap

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Now this ethereum blockchain ecosystem has many Dapps in it. And one of the most useful and popular app is uniswap app.

This app is very useful in swapping between all the coins listed in ERC-20

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So uniswap is a decentralised app on the ethereum blockchain. And it allows it's user to swap instantly between all the coins listed on ERC-20 token.

one of the most important feature of this app is that it's very easy to use and us Fully automated. In this app it eliminates all the features in which one can place order. This means in this app you don't have to ask for bid.
This app with its software instantly swap the coins.

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It is a very big currency project. And one of the biggest benefit of this is that it's fully open source.
This means anyone can copy it's code and can create its own exchange for coins.
And as it's decentralised this can't be managed against any user by anyone.

how to use uniswap

To use uniswap to swap your coins, follow the following steps

• at first, go to this link
And this will take you to the main page of uniswap

^{and the interface will be like this on your mobile screen}

•• after that click on use uniswap option that will be shown there.

••• after that, this page will take you to the page where you will be shown options to swap

•••• being a new user, you will have to connect your wallet to this.
Select wallet connect option. And then you can connect your wallet from outside

Here you will find many wallet that can be connected to this.

And after this, a QR code will be shown and after scanning this with a compatible wallet, your wallet will be connected to the uniswap

••••• after selecting your coins, means which coin you want to swap with whom. Select bith coins.
And then click swap and your work will be done.

So you can see how easy it was
So use of uniswap that is based on ethereum blockchain** has made the coin exchange very simple and very easy to use.

So that's all guys. Thank you for reading my this post regarding ethereum blockchain and uniswap.

Hope you all will find it good and full of knowledge..

Cc
@steemcurator01
@steemcurator02
@gbenga