Uniswap Launches Crypto Wallet For Android, Equipped With Sophisticated Security Features

The Uniswap DEX platform has released a crypto wallet. (Photo; Doc. Coinbilgi)

JAKARTA - Uniswap, the leading decentralized crypto exchange platform (DEX), launched an Android version of the crypto wallet to meet user demand. This digital wallet allows users to swap or swap tokens between blockchain networks easily and safely. This is a continuation of the launch of the iOS version of the crypto wallet which was carried out last April.

The Uniswap crypto wallet is designed to provide optimal experience and comfort for its users. This wallet supports six languages and 18 currencies, as well as a number of blockchain networks such as Arbitrum, Polygon, Base, Optimism, and BNB Chain. It doesn't stop there, Uniswap plans to add more networks in the future.

Callil Capu Myr, vice president of design at Uniswap Labs, said that the Uniswap crypto wallet is part of the company's vision to reach more users and global audiences. He said the company not only relied on machine translations that were less accurate, but also improved features in the crypto wallet.

The Uniswap crypto wallet has received a positive response from users. In Apple stores, this wallet has received more than 600 reviews. Capumen said that before officially launching the wallet, Uniswap had done enough beta testing to get feedback and correct errors and damage.

Capumen also emphasized that the Uniswap crypto wallet has been adjusted to various sizes and configurations of Android devices. He said that this is important to ensure the performance and quality of crypto wallets.

Uniswap MEV Blocking Feature

One of the improved features is the MEV blocking (Minimal Extractable Value). This is a value measure that can be extracted by malicious actors from transactions that have not been processed or are still in the queue. MEV is claimed to protect transactions from frontrunner attacks and sandwiches. This feature ensures that transactions are carried out in a collection of private transactions that cannot be peeked at by other parties.

For information only, the MEV blocking is a feature that prevents others from taking advantage of your crypto transactions. For example, if you want to buy tokens at a low price, someone can find out your transactions and buy the token first, then sell them to you at a higher price. This is called a frontrunner attack.

Then, there are people who can find out your transactions and buy tokens after you buy them, then sell them at a higher price before you sell them. This is called a sandwich attack. These two attacks can hurt you because you have to pay more expensive or get a lower profit than you should.

Therefore, the MEV blocking feature can protect users from these attacks by making your transactions private. This means that your transaction cannot be seen by other people until it is complete. Your transactions are also grouped with other transactions that are private, so they cannot be distinguished or separated. That way, other people cannot intervene or interfere with your transactions.