Review on 0x by Gabriel Medina

Name: 0x
Item: 0x
Rating: 4

September 08, 2020

It is a project that has achieved many goals in a short time

0x is based on the creation of applications to exchange ERC20 tokens, coming from the Ethereum network. Its objective is precisely that, the interaction between ERC20 tokens that are linked to that network. It is an open protocol without permits that will help us to trade between ERC20 tokens that belong to the Ethereum blockchain. This project began to be developed in 2016 but it was in 2017 that its token had been circulated. 0x is based on a smart contract solution, programmable for decentralized applications. Therefore, these two variants are included for the system:

Connection liquidity to reduce obstacles for companies, this will allow businesses to enter groups where they share their digital assets.

Easy and accessible integration which will allow adding functions in the exchange platform for experiences in other scenarios.

This project developed a protocol where we can build ourselves and incorporate exchange tools on the website that we have at hand, soon we will be seeing many with the need for the 0x protocol as a solution.
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Pros

It has a very important implementation that can be taken into account in the future.
It has products that work as well as decentralized applications.
Solve problems of an ecosystem growing by your proposal.
It has a pleasant acceptance by the community of those who want to invest.

Cons

You have to make efforts to promote good advertising to attract more people.
These types of exchanges do not have much of a reputation and therefore have no competition.
Its design is by Ethereum, so it depends on this network.