Review on 0x by Fabrizio Zampieri
0x is an open protocol that facilitates operation of the decentralized…
0x is an open protocol that facilitates operation of the decentralized exchange of Ethereum-based tokens and assets.
0x token (ZRX) is used by Makers and Takers to pay transaction fees to Relayers (entities that host and maintain public order books). ZRX tokens are also used for decentralized governance over 0x protocol’s update mechanism which allows its underlying smart contracts to be replaced and improved over time.
Pros
- In 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Developers can use 0x to build their own custom exchange Dapps with a wide variety of user-facing applications.
Cons
- Complex and technical project but not so friendly-use. Marketing actions should be improved.
