'Decentralized Exchange' Bancor (BNT) Sues Uniswap (UNI) for "Patent Infringement"
JH Kim
Summary
- Bancor has reportedly filed a patent infringement lawsuit against Uniswap.
- Bancor claims infringement of its patent for automated on-chain token swap technology without centralized intermediaries.
- Bancor has claimed damages but has not disclosed the specific amount.
According to the cryptocurrency-focused media outlet The Block on the 20th (local time), the decentralized exchange Bancor (BNT) has filed a patent infringement lawsuit against Uniswap (UNI).
The media stated, "Bancor claims that its patent for DEX smart contract technology, which enables automated on-chain token swaps without centralized intermediaries, has been infringed upon," and "although they have claimed damages, the specific amount has not been disclosed."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.