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.

Cryptocurrencies to Watch This Week For Knowing How To Swim On The Bears Ocean

13 Nov 2023 2 minute read 1 comment Rubikkav

This week it is a good idea to keep an eye on BTC, ZRX & FIL. Roaring Lion Bitcoin continues like a heavyweight roaring lion. It is important to note that there is a short-term low convergence, but it is important to keep the medium-term high div...

Taking a Look On 0x (ZRX) Price Prediction: The Next Big DEX?

13 May 2022 3 minute read 1 comment Swapzone

0x (ZRX) might not be the catchiest name, but this decentralized Ethereum exchange protocol should not be overlooked. The protocol is designed to make exchanging tokens without a central exchange like Binance or Coinbase simpler and safer. The develo...

0x (ZRX): Price Updates, Recent Developments, Future Events, Community

25 Apr 2022 1 minute read 0 comments DailyCoin

Visit DailyCoin for more articles ZRX, the native token of 0x, an infrastructure protocol on Ethereum, has jumped by more than 60% in a lackluster market. The ZRX rally comes after Coinbase announced that it would utilize the 0x Protocol in building...

Ox (ZRX) Surged More Than 260% And Dropped In Golden Pocket | Another Pump Expected

23 Apr 2022 1 minute read 0 comments moon333

  You can also support my work at Patreon for more ideas:   To check the Patreon trade success testimony, you can watch this pinned post:   In order to play and watch the current...

E&S: ZRX, The Liquidity Endpoint For DeFi

9 Aug 2021 3 minute read 0 comments MikeZillo

Hey Publish0x community! Welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area. In this article we talk about more features of 0x! In the last E&S article I introduced you 0x (ZRX) and I said that is an open-sour...

The London Hard Fork is Here: Ethereum Rising

3 Aug 2021 1 minute read 4 comments The Lynx

What is the London Hard Fork and how will it benefit Ethereum? According to Blockworks, “In software parlance, a hard fork is a split in the underlying base code of the software that takes it a different direction than before. Common in the blockchai...

E&S Token Review: 0x (ZRX)

1 Aug 2021 2 minute read 1 comment MikeZillo

Hello Publish0x community and welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area. With this article we are going to introduce the 19th cryptocurrency of this section with the 40th “E&S” article. Today we will...

Get Ready For Second Big Bullish Wave Of Ox (ZRX)

14 Jul 2021 2 minute read 0 comments moon333

  SMA and key level support:After a powerful bull run, the price of ZRX dropped at very strong support of $0.50 which is a key level of support for the priceline of ZRX. Previously this $0.50 support level has been working as a resistance as well. N...

0x open protocol and ZRX token explained

11 Jun 2021 2 minute read 0 comments Heath Muchena

0x protocol and its native token, $ZRX, were created out of the necessity to bring a much-needed upgrade to already existing decentralized exchanges (DEXs). To do this, the Ethereum blockchain will be used to develop a network of exchanges that are i...

Top 4 Substrate Tokens to Keep on your watchlist

20 May 2021 1 minute read 4 comments Defiant Pathfinder

It is said that many are called but only a few are chosen. So In this article i am going to talk about the top 4 substrate token and where their future is headed. The first rule of investing is to know what you are getting yourself into so that you u...