Review on 0x by onur bln
Ox ZRX
an altcoin with another name 0x. 0x is no stranger to those who have ethereum, the first two characters of eth addresses. Although this altcoin comes out of eth infrastructure, it aims to support eth. their purpose is to speed up the eth network. It would not be wrong to say a separate dapp protocol under eth. I more or less guess what the price of zrx will be as I see the price of tons of coins with no cure in the market. It is the al-hold coin. The fact that central exchanges are connected to a certain center is not considered reliable by some users. For this reason, they prefer decentralized exchanges. Since decentralized exchanges are not affiliated with a single person or company, they do not have the risks of closing centralized exchanges. In case of tax on crypto money exchanges with the legal regulations of the states, this tax can be avoided.
The disadvantages of decentralized exchanges are that their volumes are very low and all transactions are processed very slowly and are charged very high transaction fees due to the blockchain. There is an imbalance in transaction time and transaction fees depending on the density of the blockchain network.
The 0x (zrx) protocol aims to regulate the disadvantages of decentralized exchanges at this point. In decentralized exchanges built on the 0x protocol, all transactions are first performed outside the blockchain network and then processed into the blockchain network.
The 0x protocol does not charge a fee for this transaction, but decentralized exchanges built on the protocol may charge transaction fees.
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Pros
- altcoin that has made a crazy jump as of now,
- bought an exchange from coinbase
- money entering coinbase.
- With this platform, users will be able to exchange smart contracts via decentralized exchanges.
Cons
- very unstable
