0x ZRX

$0.6698
Market Cap $ 365.944 MM (#24)
24h Volume $ 8.418 MM
Chg. 24h: -4.29%
Algo. score 4.5/5  (#2)
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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

0x additional differentiation against competition

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Short description

At its core, 0x is an open and non-rent seeking protocol that facilitates trustless, low friction exchange of Ethereum-based assets. Developers can use 0x as a platform to build exchange applications on top of (0x.js is a Javascript library for interacting with the 0x protocol). For end users, 0x will be the infrastructure of a wide variety of user-facing applications i.e. 0x Portal, a decentralized application that facilitates trustless trading of Ethereum-based tokens between known counterparties.

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://docs.google.com/document/d/1_RVa-_bkU92fWRsC8eNy4vYjcTt-WC8GtqyyjbTd-oY/edit
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