The Uniswap app interface crashed last night, citing issues with the gateway provider Cloudflare. This is the latest in a series of related incidents outlining the strong importance of decentralization so let’s read more in today’s ethereum latest news.
Uniswap, the popular decentralized exchange running on ETH, suffered an outage due to issues with Cloudflare. The team behind the protocol announced the crash last night, advising Uniswap users to access the protocol via a number of other avenues. The crash follows a major issue with Ethereum’s service provider Infura which only enhances the importance of true decentralization. The Uniswap app interface suffered an outage last night and it was announced via Twitter from the team behind the protocol that pointed to its Internet Service Provider Cloudflare as the main source of the issue.
The https://t.co/liqYXtQoM2 site is temporarily down due to issues w/ the @Cloudflare IPFS gateway. Now is a good time to remember the benefits of decentralization!
1) it’s available on other IPFS gatewayshttps://t.co/gJxPeqw10o
2) it can be run locallyhttps://t.co/Nv7DWjEKxc
— Uniswap Protocol 🦄 (@UniswapProtocol) November 14, 2020
Uniswap is an automated market marker operating on the ETH blockchain. Thanks to the increasing adoption of Defi on Ethereum, this is the most widely used crypto exchange with a daily volume surpassing one of the centralized exchanges like Coinbase. Due to Uniswap’s decentralized nature, last night’s outage limited access to the app through one avenue. The team directed users to other access points in their announcement, outlining the benefits of decentralization. The recommendations included accessing the site via the alternative IPFS gateways and the decentralized cloud services that run the app locally, trading with the contract address via Etherscan, and using aggregators.
The state of decentralization of the DeFi protocols like Uniswap has been a top topic recently and the popular BTC advocate Anthony Pompliano even caused controversies when he posted a tweet suggesting that most apps are running on Ethereum and they can even be shut down by turning off centralized servers. The founder of Uniswap Hayden Adams joined the discussion explaining that the protocol’s smart contract is immutable and cannot be shut down. The immutability of smart contracts is one of the fundamental properties of blockchain-like ETH. Last night’s problem concluded a week when the centralized servers became a major talking point in the ETH community.
If the government threatened to arrest Hayden, you don’t think he could shut it down?
— Pomp 🌪 (@APompliano) October 7, 2020
On Wednesday, the ETH gateway provider Infura went down which led to major problems on apps like Metamask. Most of the discussion turned to the importance of running independent nods to achieve decentralization.
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