Review on OAX by francis fernandez
OAX: Ensuring the decentralization of exchanges
When using exchange platforms we look for options that allow us fast, transparent and reliable transactions.
For this reason, selecting an exchange house is a decision to be made in an analytical and conscientious way.
OAX is the cryptocurrency of the OpenANX exchange chain.
The mission of this platform is to contribute to the transfer of digital assets without the control or intermediation of third parties; to enable fast and transparent transactions under a secure blockchain.
Token:
OAX is a digital asset that is hosted on the Ethereum network.
Its market value is currently low; but nevertheless, it continues to climb positions on the crypto chart.
What makes OAX different from the rest?
OAX uses a protocol known as Layer 2 that guarantees scalability to the chain; managing processes and providing solutions that contribute to the total decentralization of exchanges.
OAX focuses on keeping the exchange market free of obstacles and interference that cause delays in the digital asset conversion procedures.
Another advantage of OAX is its open source protocol that allows developers and the community in general to use its coding for improvements and new projects based on blockchain technology.
For all these reasons, OAX constitutes a driving mechanism for the exchange industry and a reliable instrument when selecting a functional platform for the conversion of our assets and investment and trading tasks.
Pros
- Guarantees exchange of cryptocurrencies without intermediaries
- It has a token operated by the robust Ethereum platform
- Ensures efficiency in transactions
Cons
- Coin cannot be mined
