Read 0x (ZRX) News, Price Prediction, Opinion and Analyses Created By Users

0x (ZRX)

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0x (ZRX) is a cryptocurrency made by Amir Bandeali and Will Warren in 2016. It is a decentralized open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain. The 0x protocol is used to power decentralized exchanges (DEXs).

Although 0x is not a DEX itself, it is a powerful protocol that allows developers to build DEXs on top of it. In today’s DEXs, the exchange is usually powered via smart contracts on-chain. This means that any time a user wishes to make a deposit, order or execute a trade, they will have to pay GAS fees at each step. Although DEXs offer security as the user maintains control of their funds, the GAS fees at each step can quickly add up, making DEXs unviable for profitable trading. 

0x aims to circumvent the blockchain bloat and high GAS fees through its protocol. The 0x protocol uses off-chain order relaying that allows users to only run transactions through the network when a trade is executed and thus reduces the overall GAS fees at each step. It does this by using “relayers” who are responsible for broadcasting orders through public or private order books. Basically, the relayers are those responsible for finding all the open orders and presents them to the network. For the trade to be executed, a taker must take the order and pay a compensation fee to the Relayer in 0x for facilitating the trade.

The 0x token is the cryptocurrency that powers the entire protocol. Relayers are paid in 0x. The tokens can also be used to make governance decisions on the network by holders.

In this tag you can discover 0x (ZRX) news, price prediction, opinion and analysis created by users.

Introduction to ZRX - Features, Strength and Weakness

28 Jul 2020 3 minute read 0 comments markcuwalin

A qualified and optimistic team developed the 0x project in October 2017. The project aims to create a protocol for P2P trading for any ERC-20 tokens in a transparent and decentralized ecosystem and runs on Ethereum Blockchain. In 2017, Amir Bandeali...

Most Aesthetically Pleasing DEX - Matcha

7 Jul 2020 1 minute read 0 comments eHyun

      Matcha is a simple decentralized crypto exchange that pulls liquidity from various liquidity pools and fetch the best price for users. You trade your asset directly from your wallet. No registration is required. You get the most competitive pr...

ZRX/BTC 0x, price prediction 03072020 BearTrader

3 Jul 2020 1 minute read 3 comments BearTrader

When I've read those articles:

0x Officially Launches DEX Matcha

1 Jul 2020 1 minute read 1 comment Abhi K

The 0x (ZRX) development team has officially launched its decentralized exchange (DEX) Matcha on June 30, according to a blog post. The 0x protocol, which offers tools for developers they can use at their own decentralized exchanges, has largely exis...

Maker Implements KNC and ZRX as Collateral

29 Jun 2020 1 minute read 1 comment Abhi K

On June 28, MakerDAO announced that it has approved the Kyber Network (KNC) and 0x (ZRX) assets as collateral for its lending protocol. The two assets join Ethereum (ETH), Wrapped Bitcoin, Basic Attention Token (BAT), USD Coin (USDC), and two real wo...

Top Whales Picks in June ($LEND, $REN, $ZRX)

26 Jun 2020 1 minute read 0 comments Yasin

According to the crypto analytics company Santiment, whales; aggressively buys Ren (REN), Aave (LEND) and 0x (ZRX) coins. As is known, Santiment uses a metric that measures the amount of token held by off-exchange accounts also known as whales. A sta...

Maker to Vote On KNC and ZRX As Collateral Tokens

22 Jun 2020 1 minute read 2 comments Abhi K

On June 15, MakerDAO (MKR) has announced that its governance community will vote on the inclusion of Kyber Network (KNC) and 0x (ZRX) as collateral for generating DAI. The community began voting on the improvement proposals on June 15, with the execu...

The total number of DeFi users over time approaches 600,000 / LRC, ZRX, SNX, MKR, KNC, analyzing top DeFi Tokens.

20 Jun 2020 6 minute read 0 comments Crypto adict (Manu VZ)

The total number of DeFi users over time is approaching 600,000 according to the analytical platform Ethereum Dune Analytics. The total number of DeFi users reached 193,000 in May. Most of the growth comes from Kyber (74,360) and Uniswap (70,739). Fi...

Full List Of 0x (ZRX) Partnerships, Integrations, and Top 5 Relayers (2020)

19 Jun 2020 5 minute read 0 comments list3r

0x is a cryptocurrency exchange protocol created by Amir Bandeali and Will Warren in 2016. It enables the peer-to-peer exchange of assets on the Ethereum blockchain and is used to power a range of decentralized exchange. It is important to remember t...

Despite Decentralization Ambitions, DeFi Is Still Dominated By Super Rich Token Holders

6 Jun 2020 3 minute read 1 comment PassionCryptodotcom

Decentralized finance doesn't seem so decentralized after all, especially when you look at symbolic concentration. Key points to remember 90% of the supply for most DeFi tokens is held in less than 10% of addresses. LINK is the least concentrated of...