ERC20 Token

0x (ZRX)

0x is an open protocol for decentralized exchange on the Ethereum blockchain. It is intended to serve as a basic building block that may be combined with other protocols to drive increasingly sophisticated dApps. 0x uses a publicly accessible system of smart contracts that can act as shared infrastructure for a variety of dApps, as shown in. In the long run, open technical standards tend to win over closed ones, and as more assets are being tokenized on the blockchain each month, we will see more dApps that require the use of these different tokens. As a result, an open standard for exchange is critical to supporting this open economy.

• Off-chain order relay + on-chain settlement = low friction costs for market makers + fast settlement.
• Publicly accessible smart contracts that any dApp can hook into.
• Relayers can create their own liquidity pools and charge transaction fees on volume.
• Decentralized update mechanism allows improvements to be continuously and safely integrated into the protocol without disrupting dApps or end users.

“In 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat.