1 Level
9 Review
2 Karma
Review on 0x by Temi Tutor
In principle, this is a protocol that allows the distributed exchange of ERCβ¦
In principle, this is a protocol that allows the distributed exchange of ERC-20 tokens, which are tokens running on Ethereum Blockchain. There are several well-known teams sharing protocols, including Ethfinex, Radar Relay and Paradex. It is very likely that Augur will soon incorporate with the ZRX protocol.
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Pros
- Users can order directly from Ethereum Wallets without having to send money to the exchange Therefore, there is no counterparty risk. it also allows much more fluidity because anyone using the protocol can access other people's orders. Therefore, there can be an unlimited exchange based on the protocol, but everyone has access to all other liquid assets.
Cons
- Dex competitors like OpenLedger, EtherDelta, OmisGo and also Khyber.network has gone far with development and has gain more ground therefore making it hard for the adoption of 0x.
