0x project purpose and description

0x clarity of purpose

0x purpose and aspects

Peer-to-peer exchange of ERC20 tokens, Protocol for Trading Tokens, interoperability among decentralized applications (dApps), DApps built on top of the protocol can access public liquidity pools or create their own liquidity pool

Short description

The Ethereum blockchain has become host to a variety of digital assets, with more being created every month. Soon, thousands of assets will be tokenized and moved onto this open financial network. As the token space continues to develop, the need to exchange these assets will be compounded. 0x protocol will act as a critical piece of infrastructure for the token economy, allowing Ethereum smart contracts to programmatically and seamlessly exchange Ethereum-based assets.

Abstract

We describe a protocol that facilitates low friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain. The protocol is intended to serve as an open standard and common building block, driving interoperability among decentralized applications (dApps) that incorporate exchange functionality. Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use and that any dApp can hook into. DApps built on top of the protocol can access public liquidity pools or create their own liquidity pool and charge transaction fees on the resulting volume. The protocol is unopinionated: it does not impose costs on its users or arbitrarily extract value from one group of users to benefit another. Decentralized governance is used to continuously and securely integrate updates into the base protocol without disrupting dApps or end users.

Link to Roadmap: https://blog.0xproject.com/0x-development-roadmap-e82a2974efcc
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