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As we delve into the world of cryptocurrency, we are constantly on the lookout for exciting opportunities and groundbreaking developments. Today, we bring to you an exclusive opportunity presented by Uniswap (UNI) with the v4 Address Mining Challenge.
Uniswap v4 Address Mining Challenge
Uniswap, a prominent decentralized exchange protocol, has unveiled a unique challenge that allows participants to have a say in the deployment address for the upcoming Uniswap v4 launch. This initiative offers a chance for the crypto community to play a crucial role in shaping the future of this innovative platform.
The challenge, which kicked off on November 10, 2024, and will run until December 1, 2024, invites participants to mine and submit potential contract addresses for the v4 core contract. The selection criteria will focus on specific patterns within the address, including the number of leading zeros and the significance of the number 4.
What to Expect from Uniswap v4
Uniswap v4 represents a significant evolution of the protocol, positioning it as a versatile developer platform. With new market structures and asset offerings, v4 aims to enhance customizability and cost-efficiency for users. The architecture is optimized for gas savings, making it 99.99% cheaper to create pools and reducing costs on multi-hop swaps.
Participation Guidelines
To participate in the challenge, individuals can use the CREATE2 function to generate deterministic addresses based on specific parameters. Tools like create2crunch can aid in the creation and submission of candidate addresses to the challenge smart contract on the Ethereum mainnet. The scoring criteria for addresses include various factors like leading zeros, consecutive 4s, and overall presence of the number 4.
Submission and Validation Process
Participants can submit multiple unique addresses during the challenge period, ensuring that the first 20 bytes of their salt align with their Ethereum address for security purposes. The challenge contract will validate submissions, with the highest-scoring address being chosen as the winner. The selected address will become the official deployment address for Uniswap v4, marking a significant milestone for the protocol’s development.
For real-time updates on submissions and scores, participants can track their progress on the v4 Address Mining Challenge Leaderboard.
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