1 Level
6 Review
3 Karma
Review on 0x by Qua Khu
The 0x protocol, however, is used by the Radar Relay exchange, a marketplace…
The 0x protocol, however, is used by the Radar Relay exchange, a marketplace with a volume of $1.5 million in 24 hours, and listing 58 altcoins. At the moment, decentralized exchanges are small in comparison to leading marketplaces such as Binance, but their activity has been key to achieve price discovery for new projects. The 0x protocol is seen as one of the major developments in decentralized exchanges, along with IDEX, EtherDelta, and Bancor.
Pros
- 0x Token is used to manage permissions on the update mechanism of protocol 0x. It allows potential Smart Contracts to be replaced and improved over time.The 0x Platform's Smart Contracts will have access to user funds and a lot of DAPPs need to be plugged into the 0x Smart Contract.
Cons
- Doesn't has as much trading features as traditional exchanges. 0x also support a P2P tokens exchanging.
