About 0x (ZRX)
0x (ZRX) is an open-source protocol built on the Ethereum blockchain, enabling seamless peer-to-peer exchange of ERC20 tokens. Designed as a universal standard, it enhances interoperability among decentralized applications (dApps) with embedded exchange functionality. The protocol is unopinionated, ensuring no unnecessary costs or biases toward specific users or groups.
How 0x Works
The 0x protocol executes trades via Ethereum smart contracts, which are:
- Publicly accessible and free to use.
Flexible, allowing dApps to:
- Access existing liquidity pools.
- Create private liquidity pools.
- Apply transaction fees.
Its decentralized governance system enables secure, continuous upgrades without disrupting users or dApps.
The Role of ZRX Tokens
The native ZRX token serves two key purposes:
- Fee Payment: Market participants pay transaction fees to Relayers (entities hosting order books).
- Governance: Holders vote on protocol updates, ensuring ecosystem fairness.
👉 Discover how ZRX powers decentralized exchanges
Key Features of 0x Protocol
- Interoperability: Integrates seamlessly with dApps.
- Liquidity Pools: Supports both public and private pools.
- Decentralized Governance: ZRX holders influence protocol evolution.
FAQ
What is 0x (ZRX)?
0x is an Ethereum-based protocol for decentralized ERC20 token exchanges, powered by ZRX tokens.
How are ZRX tokens used?
- Pay fees to Relayers.
- Vote on governance proposals.
Who founded 0x?
Will Warren and Amir Bandeali launched the project in 2016.
👉 Explore ZRX tokenomics and trading
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