The post Uniswap (UNI) Unveils Address Mining Challenge Ahead of v4 Launch appeared on BitcoinEthereumNews.com.

Tony Kim Nov 10, 2024 15:10 Uniswap (UNI) invites the crypto community to participate in the v4 Address Mining Challenge, offering a unique opportunity to influence the deployment address before the official launch. Uniswap (UNI), a leading decentralized exchange protocol, has announced an exciting opportunity for the crypto community with its v4 Address Mining Challenge. This initiative invites participants to contribute to the final step before the launch of Uniswap v4 by helping choose the deployment address, according to Uniswap Protocol. The Challenge Details The Uniswap v4 Address Mining Challenge commenced on November 10, 2024, and will remain open until December 1, 2024. Participants are encouraged to mine and submit potential contract addresses for the v4 core contract. The selection criteria for the official deployment address will focus on the number of leading zeros and the prominence of the number 4 in the address structure. Uniswap v4 marks a significant evolution of the Uniswap Protocol, transforming it into a versatile developer platform. It introduces new market structures and assets, offering enhanced customizability and cost-efficiency. The architecture of v4 is optimized for gas savings, with pools expected to be 99.99% cheaper to create, and users benefiting from reduced costs on multi-hop swaps. How to Participate Participants can utilize the CREATE2 function to generate deterministic addresses using the hash of the initcode for Uniswap v4, the deployer address, and a user-selected salt. Tools like create2crunch can be employed to generate and submit salts, corresponding to candidate addresses, to the challenge smart contract on the Ethereum mainnet. The contract will score and rank addresses in real-time, with a leaderboard tracking the scores as entries are submitted. Scoring criteria include: 10 points for each leading 0 nibble 40 points for addresses starting with four consecutive 4s 20 points if the first nibble after four…

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Filed under: News - @ November 10, 2024 3:12 pm