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.


0x Protocol — Building Decentralized Exchanges (…and so much more?)

11 Dec 2018 8 minute read Owl Yoda $12.83 tipped

0x is one seriously ambitious project. It’s primarily developing a protocol to enable decentralized trading of tokens on Ethereum. It has the potential to become the technical standard delivering seamless interoperability of tokenized value across pl...

Game of DEX Protocol - Who's Gonna Win & Where To Be Invested?

2 weeks ago 8 minute read Jeremy Wall $7.20 tipped

Anyone who’s taken the time to delve into this crazy world of crypto knows how expansive and revolutionary this industry is and it’s crazy to think of how far it has come. It all started in 2009 with the launch of Bitcoin as peer-to-peer electronic c...

Crypto Protocols Aren't Sexy Yet, But Will Cause The Next Crypto Boom

1 week ago 8 minute read Jeremy Wall $6.01 tipped

In the Fat Protocols thesis written by Joel Monegro in 2016, he predicted that where value is captured with blockchain, it will be the opposite to that of the internet. Explaining, he said the foundation of the internet – the shared protocols in whic...

What Is 0x? - [A Comprehensive Guide to Understanding 0x]

1 week ago 6 minute read Mr.CryptoWiki $6.00 tipped

image source: https://coinsutra.com/0x-protocol-zrx/ 0x is a set of smart contracts. A protocol. It is a platform that can provide a means to exchange various digitized assets on the Ethereum blockchain in a decentralized way. Powering decentralized...

Here’s What August’s Most Active ERC-20 Dapps Have Been Working On

3 Sep 2019 11 minute read Santiment $5.33 tipped

Each month, we shine a spotlight on the 10 ERC-20 projects with the highest-recorded developer activity for the past 30 days, as calculated by Santiment. Development Activity is an oft-underrated indicator of project success, as it demonstrates the m...

Most Exciting Crypto Projects Out Of San Francisco Bay Area

19 Aug 2019 3 minute read Adamic0 $4.90 tipped

Even if blockchain development and startups are quite a global phenomenon, with Asia and Europe really leading the way with innovation, there are several major projects in America that are are looking good to cause some quakes in various industries....

A Quick Overview Of 0x Project

13 Sep 2019 7 minute read Rumi $4.34 tipped

Overview 0x іѕ а blосkсhаіn рrоtосоl dеsignеd tо fасіlіtаtе dіgіtаl аѕѕеt trаdеѕ іn а decentralized manner. It uѕеѕ the Etherеum blосkсhаіn and оffеrѕ а solution tо the drawbackѕ оf cryptocurrency еxсhangеѕ through аn “оff-сhаіn оrdеr rеlау with оn...

3 Undervalued Cryptocurrencies You Might Like In July 2019

2 Jul 2019 3 minute read Da_Sound $3.07 tipped

Okay, I’m going to start a series that will hopefully grow over time (depending on how much time I have) What I’m trying to do is to make some crypto selections every once in a while. I think I’ve got some interesting ones :) Well, I always say that,...

ZRX / BTC technical analysis [HUOBI]

2 weeks ago 1 minute read MrBullishSail $1.33 tipped

ZRX seen from the 1W temporary we can see how the price is showing a big bullish push after the slow decline that was pronounced towards the support located at 0.00001473 which is marked on the graph by the black horizontal, the closing of the pr...

Ethereum - History and functioning of ETH

1 Aug 2019 6 minute read Roberto D. $0.13 tipped

What are Ethereum? Cryptocurrency means a digital decentralized system that is not controlled by anyone and that allows money to be exchanged simply and quickly. In practice, this is a new payment method that anyone can use. Ethereum, in addition to...