ZRX is a decentralized protocol on Ethereum and uses Smart Contracts toβ¦
ZRX is a decentralized protocol on Ethereum and uses Smart Contracts to increase transparency.
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Pros
Token ZRX is used to manage permissions on the update mechanism of protocol 0x, allowing its underlying smart contracts to be replaced and improved over time. There should be an update mechanism since 0x is built on Ethereum's fast-growing technology platform, since the 0x program's intelligent contracts will have access to user funds and a lot of dAps. needs to be plugged into the 0x smart contract. Non-centric administration ensures that this update process is guaranteed and minimizes network disruption.
Cons
Doesn't has as much trading features as traditional exchanges. 0x also support a P2P tokens exchanging.