Being open and honest is really necessary.
It was stated there that they did not want any of their customers to be surprised at any point.
In addition, Uniswap said that none of this information includes personally identifying details such as a first or last name, street address, date of birth, email address, or Internet protocol address. Uniswap has confirmed that the aforementioned information is absent from this material.
Despite this, some members of the cryptocurrency community have expressed concerns that the developments run counter to the industry’s fundamental principles, which are centered on protecting the privacy and anonymity of users. These members of the community have voiced their concerns in a number of different ways.
The programmers who created the cryptocurrency that protects users’ anonymity On November 21, Firo sent out a tweet to its 83,700 followers in which it said that the recent privacy upgrade that was done by Uniswap establishes a “dangerous precedent” for DEXs. The post was directed against Uniswap.
OwenP, an affiliate for the decentralized exchange SpookySwap, made the statement that it was unusual for a decentralized exchange to gather and keep user information on the backend of the platform. OwenP’s statement was made in response to a question about why a decentralized exchange would do such a thing.
As a result of the recent shutdown of the FTX cryptocurrency exchange at the beginning of this month, the term “transparency” has gained greater traction in the industry.