Review on 0x by Nuriddin Badiev
Currently, 0x trading volumes are quite low. And indeed, if you look at the…
Currently, 0x trading volumes are quite low. And indeed, if you look at the markets, you will see that decentralized exchanges are still lagging behind in terms of turnover. The same Binance stimulates a large trading volume due to short waiting times and high throughput. This is a great business idea for short-term development, but it will be difficult for them to maintain such indicators for a long time. In turn, more and more 0x repeaters appear on the network, and Ethereum scaling issues are being resolved. Just see, in 2018, it is planned to launch solutions that will improve network capacity in 10-100X.
Pros
- It should immediately highlight the advantages of such decentralized exchanges, in which it is planned to use the ZRX: They allow you to control your funds. Centralized exchanges, in turn, can temporarily or permanently block your account. They create global order books. Anyone in any country can use them. No registration required. Just trade. Convenience of work with decentralized applications. They automatically support new tokens. You no longer have to wait and ask questions on the forums “When will Bittrex add this promising token?”.
Cons
- Do such exchanges have flaws? Yes, here are the main ones: Decentralized exchanges require users to secure their funds. The tools themselves are still at an early stage of development. At the moment they do not have high bandwidth, as, for example, Binance. Weak support for fiat currency. They challenge regulated financial institutions. They lack remuneration (like commissioners to miners) for network results and work.
