Blockchain based Application: Decentralized Financial Technologies for Exchanging Crypto Currency

Abstract

In this paper, the distributed decentralized network with the nodes at any place can access the data behaviour intention performance is analysed and explained in detail. The bitcoin blockchain is elementary of several crypto-currencies. The blockchain technology holds principal assurance for a difference of enterprises, including financial services, cryptocurrency exchange, laundering of anti-money tracking system, unique identity security, healthcare, real estate, supply chain, and logistics monitoring. Results showed that blockchain is considerably new technology and the nodes are sharing their data in the network without any trust in other nodes. Furthermore, key aspects of using this technology, the users in the crypto world buy, sell, or exchange the crypto-coins in the blockchain network. Many of the protocols are there to exchange cryptocurrencies. The main contributions of this work liesbased on the protocol named uniswap protocol, which helps the users to exchange the crypto-coins. Uniswap protocol is defined to be the automated liquidity protocol provision on the blockchain Ethereum platform. With the uniswap, a user can buy or sell the ERC20 tokens in the decentralized distributed network by using an Ethereum smart contract. This paper will help the users in the blockchain network to useuniswap protocol as a trustworthy and efficient way of exchanging the crypto-coins or the tokens in the blockchain network.