Review on 0x by francis fernandez
OX-REVOLUTIONIZING BLOCKCHAIN EXCHANGES
In the blockchain technology economy, we see daily updates and launches of new platforms and applications used in the trading of crypto assets.
Within the wide variety of options offered by the blockchain market; we find Ox (ZRX).
Basically, Ox is a free protocol used by programmers and companies to generate products that can be exchanged (buy and trade) for cryptographic tokens using the Ethereum platform.
It is an open source application that focuses on the use of smart contract technology, to achieve the decentralized exchange of a large number of Ethereum-based tokens, which also include all ERC-721 and ERC-20 assets.
Why use Ox Protocol?
*Liquidity:
One of the main advantages offered by this open source protocol is the ability to generate liquidity in the crypto market; which makes it possible to acquire crypto assets by companies.
*Flexibility:
The Ox Protocol platform also offers flexibility when adding exchange compatibility to products offered by companies and developers, due to its modular system. This system allows you to connect your own smart contracts by using an extensible API.
It also allows game creators the ability to add exchange functionality to their platforms through the use of non-fungible token technology (NFT).
* Auditable smart contracts:
Another of its important characteristics is that Ox Protocol has fully auditable smart contracts that have emerged victorious from rigorous audit tests.
* Efficient exchange:
Ox Protocol has an efficient exchange system that offers secure wallet-to-wallet trading without the need for withdrawals and deposits.
* Negotiation flexibility:
Ox Protocol allows buyers and sellers to make offers and promotions of assets with specific conditions.
Pros
- It has support for Ethereum products, due to its integration with this platform.
- It is a totally free platform.
- It allows the trading of cryptographic tokens
- It allows an easy integration of the exchange system to the products offered by companies and developers
- Offers fully auditable and fair smart contracts.
Cons
- Currently it is only integrated into the Ethereum platform.
New products
Comments (1)
September 10, 2020
0x is one of the most promising projects in the current market, to promote the growth and development of decentralized exchanges, making them more secure and with interoperability between dapps, and with the functionality of exchanging ethereum tokens in any decentralized exchange that uses its protocol. they are doing agreat job !
