- BPRotocol and Localcoin Foundation filed a law against Uiswap in a federal court in New York.
- Prosecutors claim that UNISWAP has used the patented CPAMM technology without years.
- Bancor claims to have created and patent the automated market maker model for fixed products in early 2017.
UNISWAP faces a new legal challenge as BPRotocol and Localcoin submit a lawsuit at the New York Federal Court. The case claims that UNISWAP has used the patented decentralization technology (DeX) developed by Bancor without permission. The lawsuit raises questions about intellectual property rights surrounding the automated market makers of fixed products, or CPAMMS.
BPRotocol targets UISWAP for CPAMM
BPRotocol claims that the UISWAP platform works using the Bancor structure in 2016. With the replacement of request books, this automatic trading form makes a major feature for Dexs today. According to BPRotocol, temporary patents helped to secure technology in early 2017.
Protocol and local, designed and entered the Pancourt Protocol, which brought CPAMM trading to decentralized financing. According to court documentsThis design remains essential for how the UISWAP protocol implement the premium symbol bodies. Prosecutors argue that UNISWAP repeated these mechanisms without licensing or credit.
The deposit in the American boycott court for the southern region of New York means that this represents a serious legal challenge for the Defi community. BPRotocol emphasizes that the violation extends for several years and affects the basic architecture of UISWAP. The lawsuit also emphasizes the importance of Bancor in creating liquidity systems on Blockchain.
Localcoin Uniswap accuses the acquisition of an unfair feature
Localcoin, the original developer behind Bancor, joins BPRotocol in following the damage against UISWAP for unlicensed use of the CPAMM model. The lawsuit claims that this use allowed UISWAP to obtain a major competitive advantage within the Defi market. Localcoin states that this interest was developed without giving credit or payment to the founders.
Prosecutors argue that the success of the UISWAP came partially from the implementation of patented features without a license agreement. They say the violation negatively affected Pancor’s ability to grow and succeed in the Dex Market. They are damaging and asking for preventive measures.
Both indicate that this situation is not only related to the lost money, but also related to how to recognize decentralized innovation. Prosecutors have focused heavily on defending intellectual property and Blockchain was developed. An extraordinary deposit in this field because it emphasizes patent rights in an area mainly used by open source protocols.
The team defends open access to the protocol
UNISWAP LABS responded by rejecting the lawsuit as not allocated and clarifying that its protocol has been in public reach since its launch. They say that the lawsuit will not interfere with its operations and describe it as something that pulls the focus from the hot Defi sector. UNISWAP confirmed its commitment to transparency and innovation.
UNISWAP also stated that it will support legal defense and confirm its position on open source development in decentralized financing. The company once again confirmed that CPAMM is a legal mechanism that can be used without breaking any impregnated patents. It plans to continue development even as it manages legal issues.
Related reading South Korea is declining on non -profit and exchange purchases
