1 Level
16 Review
20 Karma
Review on 0x by zet david
The 0x seems like a logical step from decentralized cryptocurrency exchangesโฆ
The 0x seems like a logical step from decentralized cryptocurrency exchanges, effectively taking care of many of the flaws those exchanges contain. Due to its versatility and the easy availability of the protocol, it is not far-fetched that 0x will grow quickly, providing the basis for other similar exchange systems using the Ethereum blockchain.
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Pros
- The success of the project may not directly result in the appreciation of the ZRX token. In fact it may potentially have the opposite effect. The value of the token is, in the long term, inversely related to the velocity of the token. Essentially there is no reason for any party to hold onto the token for more time than is necessary to execute a transaction. And we can imagine the more successful the project becomes the higher the velocity. And with no fees 0x will not have the ability to execute buy-backs to increase the value of the token.
Cons
- Although 0x has made significant progress in its development of its protocol, it is still waiting for the broader community to produce a set of tools for modeling and analyzing sophisticated cryptoeconomic systems. 0x is now committed to doing this internally.
