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Revainrating 4 out of 5

The 0x seems like a logical step from decentralized cryptocurrency exchanges…

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.

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.

Revainrating 4 out of 5

0x is an open protocol that facilitates operation of the decentralized…

0x is an open protocol that facilitates operation of the decentralized exchange of Ethereum-based tokens and assets. 0x token (ZRX) is used by Makers and Takers to pay transaction fees to Relayers (entities that host and maintain public order books). ZRX tokens are also used for decentralized governance over 0x protocol’s update mechanism which allows its underlying smart contracts to be replaced and improved over time.

Pros
  • In 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Developers can use 0x to build their own custom exchange Dapps with a wide variety of user-facing applications.
Cons
  • Complex and technical project but not so friendly-use. Marketing actions should be improved.

Revainrating 5 out of 5

https://0xproject.com/ ETH shaped exchanging project. Simplifying the…

https://0xproject.com/ ETH shaped exchanging project. Simplifying the interface will help market share advances.

Pros
  • You can run a node for it. You can directly impact and improve the speed of ETH based transactions. Extremely impressive wiki page with breathtakingly technical back end illumination. ETH shaped objects are valuable due to their inherent non-lockstep with BTC shaped object. Investment properties and upside may exceed functional value in the early days.
Cons
  • I'm lazy and this project requires either some actual fairly advanced keyboard punching skills to make it go. Being lazy, I won't soon be pursuing this project with my own thinking power. I'll read about it, but tech should make things simpler, easier, not exclude the lazy and the ignorant from the benefits of the project. In the instructions on how to set up a support node for 0x Watcher, it includes among the 2 thousand words the sentence, "That's it.", then continues for another 40 thousand or so words. Nitpicky yes, but I gotta put something here. I always approve of additional methods of advancing cryptocurrency and each project brings something special to the table. The fact that I do not yet have the discerning eye to properly examine this projects special properties does not invalidate them. Hopefully someone with a deeper tech background than I will post a review and help the community better understand how 0x protocol can help improve our world.