Review on 0x by Adedayo Adeniji
Ox a decentralized transactions tokenizer
I report my view about Ox which was launched in 2016 as a decentralized transactions tokenizer exchange protocol based in San Francisco, it is established on the protocol which involves ethereum smart contracts.
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From a first hand experience as it users, you have to your advantage the elimination of middle men by the smart contract of Ox due to its decentralized nature and thereby establishing easy and cheap peer to peer exchange.
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By the help of Ox's relayer which discovers buyer for the off chain order book it has created. You stand to enjoy a user friendly Ox API, and Ox instant.
I seem to enjoy a safe non-custodial trading and flexible order type and an ethereum based token symbolized as ZRX, good graphics design, secure smart contracts and increased liquidity.
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It is an exchange with perfect solutions to the challenges facing its centralized counterparts.
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Pros
- It has secured smart contracts
- It has increased liquidity
- User friendly graphics
Cons
- It is based on ethereum cryptocurrency ledger
- There are more centralized counterparts to contend with
