What is 0x Protocol (ZRX)? – A Bit of News

0x Protocol has been created with the conviction that most digital assets and goods will be tokenized. This paradigm shift needs to be supported by secure and sound technology, which is where is 0x Protocol comes into place.

The project was founded in October 2016 and has been continuously progressing to become a plug-in with the ultimate goal of becoming the go-to decentralized exchange for the Ethereum ecosystem.

In this article, we discuss this highly innovative project.

What the 0x Protocol is Trying to Solve

0x Protocol is an open, permissionless protocol allowing for ERC-20 tokens to be traded on the Ethereum blockchain. This means that 0x allows anyone to trade their Ethereum-based tokens directly on the blockchain, only cheaper and faster than possible on Ethereum’s blockchain.

Essentially, 0x Protocol is a plug-in for Ethereum-based applications and smart contracts that require token exchange functionalities. Whether tokens are issued for capital, voting rights,…

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