Review on 0x by Francisco Varela
0x Project
It is a completely open source and decentralized protocol based on ethereum, which means that the users of the tokens are its sole owners, its operation depends on a large communication structure and intertwined smart contracts.
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Pros
- In order to meet the needs of the commercial world and broaden its functionality, they implemented the use of extension contracts.
- It has the ability to carry out off-chain transactions and on-chain agreements.
- It offers low conversion rates and reduces transaction times, making it a better user experience.
- The project raises by selling its own ZRX coin.
- It provides the necessary protocol to improve the functioning of decentralized exchanges and reduce gas costs or transaction fees.
Cons
- It is a new project and it does not yet have a solid position against the competition.
