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0x Protocol
Exchanges
DEX
0x is an open protocol enabling peer-to-peer asset exchange on Ethereum.
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About 0x Protocol
0x allows decentralized, peer-to-peer exchanges on Ethereum and other chains. It supports various assets, enabling developers to build exchanges with its APIs. The protocol uses the ZRX token for governance and staking.
0x is a pioneering protocol that enables the decentralized exchange of tokenized assets across multiple blockchains, offering a seamless and accessible solution for the global crypto community. At its core, 0x is designed to facilitate a tokenized world where all forms of value—be it cryptocurrencies, NFTs, or other tokenized assets—can flow freely and efficiently. By empowering developers to integrate exchange functionalities into their applications, 0x helps create a robust ecosystem of decentralized finance (DeFi) tools, marketplaces, and services.
The protocol stands out as a foundational layer for decentralized exchange infrastructure, offering efficiency, transparency, and interoperability. It utilizes off-chain order relay with on-chain settlement to significantly reduce gas costs and enhance transaction speed. Beyond just technical innovation, 0x is committed to fostering a community-driven ecosystem, enabling developers, liquidity providers, and users to contribute to the protocol’s growth and evolution. Its governance model, powered by the ZRX token, ensures that the community has a direct say in the protocol's development.
0x Protocol FAQ
0x stands out due to its off-chain order relay and on-chain settlement, which drastically reduce gas costs and improve transaction speeds. Unlike many protocols, 0x supports cross-chain liquidity aggregation, allowing developers to build applications that can access liquidity from multiple blockchain networks seamlessly.
The ZRX token serves as a governance token for 0x, allowing holders to vote on protocol upgrades and changes. Additionally, ZRX can be staked by liquidity providers to earn rewards in ETH, incentivizing active participation and ensuring a healthy liquidity ecosystem.
0x is highly versatile and supports trading both fungible tokens (like cryptocurrencies) and non-fungible tokens (NFTs). This makes it an excellent choice for developers building marketplaces for NFTs or applications that need a combination of tokenized assets.
0x uses rigorously audited smart contracts to ensure a secure trading environment. Its hybrid design, which combines off-chain order relay with on-chain settlement, not only improves efficiency but also reduces risks associated with front-running and high gas fees commonly seen in other decentralized exchanges.