/biz/ - Business & Finance

i will spoonfeed newfags and oldfags that are stuck with 2017 bags. hear me out.

Uniswap is the biggest dex by volume in the whole cryptospace.
its frontend is hosted on central cloud meaning if that company would go down due to outage most normies won't be able to access Uniswap.
however pic related is Uniswap but hosted on the internet computer. which means even if Uniswap's host goes down Uniswap is still up and running and can be accessed from the internet computer blockchain. try it out yourself https://lqku6-wqaaa-aaaad-qalmq-cai.ic.fleek.co/#/swap

now you'd think well thats cool but what else? well dfinity has finalized the bitcoin integration a few months now and is almost done with the ethereum integration. what does this mean for ICP and every crypto enthusiast? Uniswap could use the full potential of icp by enabling btc swaps right from their frontend. the biggest dex in existence will give you the ability to swap ethereum for bitcoin and vice versa.

Uniswap is 1 example of many things that can be done with chainkey cryptography thanks to icp.

In a few months/years ICP will be the hub of all things blockchain related. all ethereum dapps will keep building on ethereum but host their frontend on icp just because its much more secure and can't be nuked unless you take over the whole nervous system. I believe icp will be the web3 hub. eventually all dapps will be hosted on this blockchain. and all dapps will have the ability to sign transactions on multiple blockchains. people will be able to swap bitcoin for avax that same avax for eth and that same eth for doge all from 1 single dex. the future is bright and a lot of people are unaware of the tech that is available.