0x

0x is an open protocol for decentralized exchanges built on the Ethereum blockchain.

However, its technology is quite interesting and it has a strong potential impact. Our guide today will provide a much clearer introduction to the project and how it allows anyone in the world to operate the exchange for ethereum tokens. Before we get to know more about it, it is first very important to understand the basics of ETH tokens.

0x is creating a protocol using Ethereum smart contracts for anyone in the world to be able to operate a decentralized exchange. Its team believes that there will be thousands of ETH tokens in the future that will create a need to efficiently and trustlessly exchange them. Looking into the project, we can see that at first glance it doesn’t look too exciting but it does have the power to reshape the entire Ethereum ecosystem into something much more secure. As one of the most important systems in the crypto space, the Ethereum blockchain can be improved upon.

Both the blockchain and the ecosystem surrounding it the crucial part of the world of Defi. The goal of decentralized finance is to create a modern and much fairer alternative to the financial services that can be accessed via the internet. The World Bank already noted that there are 1.7 billion people that don’t have a bank account and two-thirds of them own mobile phones which is why Defi advocates hope that by reaching these people, Defi will promote better financial inclusion. 0x’s ZRX coin is a part of the Defi world as well and it was created by ZeroEx Inc, a company set up in 2017 by Will Warren who was a technical adviser to the Basic Attention Token, and a former trader Amir Bandeali.

The idea behind this protocol was to create a space where any sort of asset whether that is a crypto coin or a crypto token, stock, commodity, or online gaming items could be tokenized and traded on the blockchain. The plan was to create a new way of trading ether but the scheme became a decentralized exchange that allowed users to trade independently and according to teh website of the company, it currently employs 32 people and has a team of advisers as well. The mission statement of the team is “creating a tokenized world where all value can flow freely.” How can this be done, we learn in our guide below.

Let’s first see what we will be learning in this guide.

1. How Does 0x Work?
2. Who Created It?
3. Centralized VS Decentralized Exchanges
4. 0x Token
5. Downsides
6. What Makes 0x Unique?
7. How Does It Get Value
8. Best 0x Wallets
9. Best 0x Exchanges
10. 0x Liquidity Pools
11. How To Choose A Wallet With ZRX?
12. Can You Mine 0x?
13. Governance And Market Makers
14. Wrap Up