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Review on 0x by larueer kenbe
0x is an open protocol for decentralized exchange for ERC20 tokens on theβ¦
0x is an open protocol for decentralized exchange for ERC20 tokens on the Ethereum blockchain. 0x provides building block for developers to build various DEX applications on. Trades will be executed using Ethereum smart contracts. The 0x protocol can be used for free, except for the standard gas fees, but providers of DEX services will be able to charge transaction fees in ZRX.
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Pros
- 0x project has been one of the most watched out projects and going by their github repo it has a healthy development on their base protocol code and also on supported tools. The 0x protocol allows to trade any Ethereum-based assets that comply with the ERC20 token standard but have plans to support ERC223 tokens in future.
Cons
- There are inefficiencies in the design of existing Decentralized exchanges that impose high friction costs on market makers as these implementations place their order books on the blockchain, requiring market makers to spend gas each time they post, modify or cancel an order. Frequently modifying orders in response to evolving market conditions is prohibitively expensive. Maintaining an on-chain order book results in transactions that consumes network bandwidth and bloat the blockchain without necessarily resulting in value transfer.
