Review on 0x by Othere Obtentus

Name: 0x
Item: 0x
Rating: 4

September 11, 2020

Peer-to-peer exchange of assets on the Ethereum blockchain

0x is an open protocol built to provide a decentralized exchange as component of the Ethereum network. 0x is built using a system that includes Ethereum smart contracts and enables everyone around the globe to participate in a decentralized exchange.
0x is structured to be distinct from centralized and decentralized exchanges, offering the best possible mix of services. The 0x Platform is nearer to a decentralized cryptocurrency exchange, but it has major variations. 0x tackles the key problems of decentralized exchanges, which are costly, unreliable and can not be run by each other. 
0x tackles each of these problems by creating a standard protocol. This protocol can be extended to all orders that are transmitted off the blockchain. In the algorithm, the transactions have to go back to the network until they are resolved regardless of any transaction. This greatly accelerates the flow and reduces any excessive processing costs. 
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