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Review on 0x by Giovanni Sebastian
0x is a modular building block that can be assembled and reconfigured. It is a…
0x is a modular building block that can be assembled and reconfigured. It is a public and non-lease protocol that enables fast, untrusted exchange of Ethereum-based assets. Searching for rent in the economy is an attempt to increase the share of existing wealth without creating new wealth. Rent-Seeking has proved a loss of government revenue, income inequality and overall economic efficiency. On the other hand, the 0x operation is to create a symbolic world in which all values flow freely.
Pros
- Unlike centralized exchanges, which are expensive to operate, the open source platform, the 0x protocol is completely free. This is possible because the order is carried out of the chain, which eliminates the Blockchain Bloat while greatly reducing gas costs. Instead, relays collect commissions by sending orders and facilitating transactions.
Cons
- Ox is based on the ethereum Blockchain which means issues been encountered on the ethereum network like scalability issues will automatically affect it.
