17 Apr 2018 Arjun Agarwal
Crypto Investors Focus on Decentralized Exchange Markets and 0x
One of the factors that harm coins and the crypto markets performance are thefts and hacks which always cause a substantial price drop in a short time.
This security feature attracts investor attention in the long run, where the smart contracts perform all the action.
One party initiates the contract looking for another party to accept the deal and there is no third party or central service involvement. This minimizes theft risks when it comes to tokens like ZRX, MKR, or RChain, since users have full control of their asset at all the time.
Despite the high level of security, the blockchain presents two issues faced by users. The speed of transactions confirmations is slower, and the transaction fees are higher than what users expect and other protocols offer.
The Ox project aims to tackle these issues - some of the processes are done off-chain to avoid system bloating. This also helps to keep costs lower.
In the early days of 2018, some cryptocurrency analysts stated that ZRX has the potential to be one of the successes this year.
The network stability is powered by the growing number of other tokens based on the 0x protocol.
The ZRX token even established a positive trend, despite some days with lower activity and small cost devaluation.
The popularity of the 0x protocol increases and the network could become too busy. To prevent the issue, the 0X team is already working on a second version of the protocol.Cryptocurrency exchange 0x Exchanges News ZRX cryptocurrency news decentralization dex crypto news Decentralized Exchange