Total Coins: 2695
Total Market Cap: $ 1,548,522,995,872,931
24H Trade Volume: $ 10,326,633,729
0x (ZRX)
ZRX
$ 0.7408 ( -9.63%)
Mkt. Cap.
$ 740.8 M
Vol. 24H
ZRX 842.61 K ($ 628.27 K)
Open 24h
$ 0.8197
Low/High 24h
$ 0.684 - $ 0.8273
Last trade
ZRX 3,674.800 ($ 2,722.255) / Bitfinex

Charts price for 0x (ZRX)

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Description of 0x (ZRX)

0x Origin

Release Date: August, 2015.

0x is an open source, permissionless protocol that allows for ERC20 standard tokens to be traded on the Ethereum Blockchain. The project was created by a team of individuals with extensive backgrounds in engineering, business design, and research. 0x was founded by Amir Bandeali and Will Warren.

0x Functionality

0x pretty much focuses on off chain order relays that reduce transaction fees as well as network bloat. Essentially, 0x takes some stress off of actually making decentralized transactions.

 For example, on a decentralized exchange, all transaction functionality is powered by smart contracts which run on the Ethereum Blockchain. This also means that users are always in control of their funds personally. However, in order to have this bit of freedom, users need to pay a fee in gas. Which is used to compensate miners so that they can continue on verifying transactions.

Theres a problem here, in that fees can rise quickly if you have to pay a ton of them to just move assets around. 0x wants to reduce this issue and aid decentralized exchanges by taking advantage of off-chain ordering relays together with on-chain settlements. So, orders broadcast by users can be picked up by other users off-chain. This allows transactions to go through only when a trade is totally executed.

0x holders can also use the digital asset to vote on decisions that can affect the Blockchain system, integrations, and updates without affecting the entire network at once. 0x also has a Token Registry Contract, which stored pertinent metadata about each ERC20 token.