1 Level
6 Review
15 Karma
Review on 0x by Luu Huynh De
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
- - They’re backed by Polychain and Pantera Capital. They are two of the most respected blockchain-based funds in the world - They have one of the largest active communities in the crypto space - They’re about to release reusable UI components and 0x v2 on the mainnet
Cons
- 0x is claiming that they are going to make best decentralized, but we all know today world is not happy and satisfies to use decentralized exchange because decentralised exchange dosent have ho much liquidity crypto exchange some developers find some bugs on the 0x network.Maintaining an on-chain order book results in transactions that consumes network bandwidth and bloat the blockchain without necessarily resulting in value transfer.Summary:
