It is a common observation that as the world is moving towards complete digitalization, everything that has value will be tokenized. Tokens are unique digital assets that a person can own and store in a digital wallet, and in the future, someone’s house verification will be a token stored in an online wallet instead of a paper.

We are already seeing fiat currencies and securities getting tokenized. For example, US Dollar is now available on digital tokens called stablecoins like Tether (USDT), TrueUSD, and USDC. According to an estimate, there is a total of $256 trillion worth of assets in the world, everything from property to art, to stocks to oil. With the help of blockchain technology, they all can be tokenized.

The idea of tokens began to take shape during the 2017/2018 ICO boom. At that same time, a team believed that there will be thousands of Ethereum tokens in the future and there will be a need to trustingly and efficiently exchange them. That team, led by Will Warren and Amir Bandeali, created a protocol on Ethereum with a tokenized future in mind. The protocol is named 0x Protocol. In the following text, Crypto Economy will provide you a brief overview of 0x Protocol.

0x whitepaper describes 0x as an open protocol for decentralized exchange on the Ethereum blockchain. The project is the brainchild of Will Warren, co-founder and current CEO, and Amir Bandeali, co-founder and current CTO of 0x. The protocol is developed by 0x Labs and the team is based in San Francisco, California.

0x Protocol aims at powering the decentralized exchange where all kinds of assets, stocks, currencies, precious metals, could be traded publicly on the blockchain as tokens. It uses Ethereum smart contracts for anyone in the world to operate a decentralized exchange. With 0x Protocol, 0x Labs is creating an open-source infrastructure that will enable frictionless peer to peer (P2P) exchange of tokens.

0x is fundamentally a network protocol used to facilitate signaling between buyers and sellers rather than a crypto-economic protocol. It is a publically accessible smart contract that any dApp that incorporates exchange functionality can hook into.

0x refers to their model as an “off-chain order relay with on-chain settlement” that combines the efficiency of state channels with the fast settlement of on-chain order books.

0x is implemented with Ethereum smart contracts. The main idea for 0x is to be used by other projects as a back-end transaction protocol. Thus, the 0x protocol itself is application-agnostic and helps decouple the transaction protocol layer from the application layer.

The meaning of “off-chain order relay with on-chain settlement” means that order books are hosted and maintained by separate entities called Relayers. Only the transactions are settled on the Ethereum network.

The 0x’s decentralized exchange (DEX) contract processes the exchange on the blockchain. According to the whitepaper, the entire 0x DEX contract is approximately 100 lines of code and it costs approximately 90k gas to fill an order. 0x DEX serves two relatively simple functions: fill and cancel.

In 0x, the one who creates order is called “Maker” and the person who fills that order is called “Taker.”

By combing these things, one can explain the 0x workflow as:

Tokens on 0x Protocol are traded in two types of order: Point-to-Point order and Broadcast orders.

These trade orders are just like peer-to-peer messaging that allows two parties to directly exchange tokens with each other using just about any communication medium they prefer to relay messages.

In 0x Protocol, if a maker wants to trade Etherem token with a taker whom he knows to trade with, he can simply send a 0x order via instant message or email. A taker just has to accept the trade and trade will be executed. According to the 0x whitepaper, these orders are called point-to-point orders.

0x messages are similar to the SWIFT messaging system that banks use to communicate with each other about money transfers. This P2P exchange of tokens is powered by a consumer-facing product called 0x OTC. Since 0x order messages are relayed off-chain, the link can be sent through any method the person issuing the order prefers, ranging from email to Twitter to even writing it down on a piece of paper.

Each point-to-point order message contains order parameters and an associated signature. Order parameters are concatenated and hashed to 32 bytes via the Keccak SHA3 function. The order originator signs the order hash with their private key to produce an ECDSA signature.

Broadcast orders are used when there are no direct takers. In broadcast orders, buyers and sellers post orders on decentralized marketplaces called Relayers in 0x Protocol.

If a direct taker is not available, Makers can visit 0x Relayers. Relayers are marketplaces that connect buyers and sellers. On Relayers, anyone can place their buy or sell orders. Every order on these marketplaces contains everything needed to make a transaction happen. When a taker finds an order he likes, he just has to confirm it with his crypto wallet and 0x Protocol securely completes the trade.

Several kinds of Relayer exist in the 0x ecosystem, each with their different kind of marketplace. Any developer can create its Relayer by using 0x’s open-source software. The benefit of these relayers is that they can serve an endless number of communities. For example, a music fan can create a marketplace for concert tickets or a game relayer can create a marketplace for in-game items. In this way, the 0x team hopes to create millions of unique global marketplaces, thus enabling a truly global economy. Thanks to blockchain technology, this is now possible to create a more secure and efficient global economy.

Relayers host and maintain an off-chain order book in exchange for transaction fees.

ZRX is a native token of 0x Protocol. It is primarily a governance token but is also used for relayers to charge fees for hosting broadcast orders. Transaction fees are moved from the Maker and/or Taker to the Relayer upon settlement of a trade.

Token holders can also participate in decentralized governance where they can vote on upgrade proposals. In October of 2019, the team released Version 3.0 of 0x that also featured a new ZRX staking mechanism.

In ZRX Staking, market makers can create staking pools. Market makers in 0x are a special category of traders that provide a significant amount of orders in 0x orderbooks. Their function is to make it possible to have liquid markets with tight spreads between bid and ask, and low slippage when executing large orders.

Market makers are entitled to receive rewards in exchange for their activity, which is crucial for the good functioning of 0x markets. To collect these rewards, they need to stake ZRX tokens. To do so, they create staking pools, which allow them to stake their ZRX and attract other tokenholders’ ZRX, provided that they share a portion of rewards with them.

ZRX staking mechanism gives market makers monetary rewards in ether and additional ZRX voting power for providing liquidity.

Important Links

Website: https://0x.org/

Whitepaper: trong> https://0x.org/docs

Twitter: https://twitter.com/0xproject

0x (CURRENCY:ZRX) traded up 10.9% against the dollar during the 24 hour period ending at 21:00 PM E.T. on January 17th. During the last seven days, 0x has traded 18% higher against the dollar. 0x has a total market capitalization of $443.24 million and approximately $197.37 million worth of 0x was traded on exchanges in the last 24 hours. One 0x token can now be purchased for about $0.59 or 0.00001639 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

0x Profile

0x Token Trading

0x can be purchased on the following cryptocurrency exchanges:. It is usually not currently possible to buy alternative cryptocurrencies such as 0x directly using U.S. dollars. Investors seeking to acquire 0x should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy 0x using one of the aforementioned exchanges.

0x Cryptocurrency is currently on bullish momentum by 40.67% in the last 14 days. At 20:42 EST on Thursday, 6 May, 0x is at $2.12.

Currently, 0x has 212367 Twitter followers and 19056 Reddit subscribers.

As of now, on Github, there are 470 forks, 1341 stars, and 84 subscribers.

S&p dow jones brings Bitcoin, ethereum to wall st with cryptocurrency indexes. According to FX Empire on Tuesday, 4 May, "The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them."

Goldman offers new Bitcoin derivatives to wall street investors. According to Bloomberg Quint on Thursday, 6 May, "While Dimon later softened his tone, the banking world has long seen Bitcoin as a plaything for criminals, drug dealers and money launderers.", "For years after its creation in 2009, Bitcoin was shunned by Wall Street banks, with JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon once threatening to fire any of his traders caught buying and selling the digital currency. "

Bitcoin traders in U.S. lack investor protections, gensler says. According to Bloomberg Quint on Thursday, 6 May, "U.S. investors lack protections when they trade Bitcoin on cryptocurrency exchanges, Securities and Exchange Commission Chairman Gary Gensler told lawmakers.", "The SEC has signaled that Bitcoin is a commodity under U.S. law and therefore not subject to the agency’s toughest rules."

More news about 0x.

Development of new 0x Extensions. Passer and Distributor Contract. 3 min readIntroduction We designed the Passer Contract and Distributor Contract for 0x protocol ecosystem.The BlockBase Team has developed two extension contracts that enable projects to offer new forms of NFT trading to their users.Who we are? BlockBase, Inc. is a development and consulting firm of blockchain technology based in Japan. And we build Marketplace of NFT which named. 3 months ago, we were adopted by Acceleration program of 0x. Therefore we replaced backend system to 0x protocol and built new 0x Extensions contracts for Japanese regulation and a better UX.Passer Contract Wrapping ETH into ERC-20 compliant wETH has been a barrier to adoption for the greater DeFi ecosystem. With the Passer Contract, users can simply send ETH and the orders they want to fill. It is similar to a forwarder contract, but the passer contract that the taker to send ETH and get ETH to the maker. The algorithm of passer contract is temporarily mint and approve PASS tokens(ERC20) when the fill order is executed. Then PASS token and ERC721 token are transferred by ERC20Proxy and ERC721Proxy. When PASS token TransferFrom is called, the minted passer token is burned and ETH is automatically send to the maker. These processes is executed in one single transaction. Please refer to this image for details of the transaction.Passer tokens are like a gear. It is for the smooth sending and receiving of ETH.More information of the Passer Contract can be .Distributor Contract In the current 0x Protocol system, although the fee payment was ZRX, the users needs to get ZRX tokens, We need to improve usability more easily. It is also discussed in .The distributor contract allows taker and maker fees to be paid in ETH .The developer and the service provider set the fee distribution address and distribution ratio, and the distributor contract enables distribution. The distribution is possible up to 10 or more addresses because it is made with emphasis on extensibility. This also enables the return of profits to developers and creators who provide NFT. More information of the Distributor Contract can be .Conclusion We are confident that we can contribute to the 0x ecosystem. This contracts has already been released (Apache License 2.0). A library using this contract will be provided as an open source soon.We deliver NFT developers much easier and simpler way to build MarketPlace of NFT!

Matcha, a decentralized exchange from 0x that launched today, wants to become the new standard in cryptocurrency exchanges. The 0x team believes there is an opportunity to raise the bar and create a new, simpler trading experience that will usher the next wave of crypto traders into the greater DeFi ecosystem.

With Matcha, 0x is attempting to provide a better and easier-to-use experience similar to Robinhood, but for decentralized finance, said Matt Taylor, 0x’s head of marketing.

“Robinhood gave people a very clean user-friendly way to trade these assets,” he told Decrypt. “We feel part of the opportunity for us—and how we are going to differentiate between Matcha and other DEXs—is by creating much better design and user experience.”

Image via https://matcha.xyz/[/caption]

0x was founded by Amir Bandeali and Will Warren as a platform to build decentralized exchanges. In a 2018 post, Warren described 0x’s mission as “building public infrastructure, making assets more accessible, more liquid, and empowering enterprising teams around the world to build a new financial system.”

While there are already DEX online based on the 0x Protocol, such as Tokenlon and Bamboo Relay, Matcha is the first one produced by the 0x team.

Taylor said that until recently, 0x has been focusing on developing its core protocol and building out its ecosystem. So why now? "We strongly believe there is an opportunity to substantially improve the DEX trading experience, both in terms of design and pricing,” he said. “Matcha's UI/UX is more intuitive than other DEXs because it abstracts away the complexities involved with trading on Ethereum. Additionally, the 0x team recently created a solution for aggregating the best prices from across DEX networks like 0x, Kyber, Uniswap, and more.”

Matcha utilizes 0x API under the hood, which uses smart ordering routing to split orders across 0x Mesh, Kyber, Uniswap, Oasis, Curve, and a variety of RFQ providers.

The Matcha DEX offers a variety of ERC-20 tokens as well as stablecoin-based trading pairs: ETH, WETH (Wrapped ETH), USDT, LINK, COMP, USDC, MKR, BAT, ZRX, NMR, KNC, REP, ENJ, SNT, REN, TUSD, DAI, MANA, WBTC (Wrapped BTC), ANT, and SNX.

DEXes, which facilitate peer-to-peer trading, are popular in part for skirting the KYC and AML requirements of regulated exchanges. Their number continues to grow, with over thirty DEXs currently online, built on Bitcoin, Ethereum, Tron, EOS, Stellar, and now 0x protocol.

Since funds transfer peer to peer, DEXes are prized for a variety of other features too, including privacy and security. With no single point of failure, they tend to be less susceptible to hackers, and have no need for custodial service.

However, decentralized exchanges do have risks. If something goes wrong with a transaction, or the site crashes, users can be out of luck. Very few provide dedicated customer service that can step in to resolve issues. Likewise, the U.S. Securities and Exchange Commission looks askance on them. In 2018, the SEC filed charges against Zachary Coburn, founder of the decentralized exchange EtherDelta for operating an unregistered national securities exchange.

https://matcha.xyz/[/caption]

Day traders and other investors often prefer centralized exchanges because they offer higher liquidity and the ability to margin trade.

Matcha currently does not charge fees for transactions, “but perhaps in the future—may be far future—we will decide to start to implement a business model to take fees or another route to monetize that business,” Taylor said.

Cryptocurrency and BlockchainMoney 0 Comments0x, What is Zerox, ZeroxWhat Is 0X (ZRX)?0X is an Ethereum-based, decentralized cryptocurrency exchange that enables peer-to-peer (P2P) token exchanges. This drastically increases security by cutting out the middlemen of exchanges, which are notoriously unsafe and prone to theft and other cyber attacks. 0x uses its proprietary ZRX ERC-20 token to facilitate on-chain and off-chain transactions.Who Is 0X?0x was founded in October 2016 by Amir Bandeali and Will Warren. They created the platform to streamline Ethereum token trading to reduce gas costs. They lead the 0x Foundation, which maintains and operates the network.Use Cases of 0X0x is used for Over-the-Counter (OTC) trades that dont involve a centralized exchange. This creates more trading pairs and enables faster token liquidity.How to Mine ZRXYou can not mine ZRX, but relayers can charge and receive a fee for initiating exchanges and transfers. ZRX can be purchased on 0x, Coinbase, and other cryptocurrency exchanges.Notable Partnerships and InvestorsZRX is accepted on a wide variety of cryptocurrency exchange markets. It helps that its an ERC-20 token. The 0x protocol is also used in a range of blockchain projects, including dEX, Radar, Blocknet, Augur, Aragon, Maker, and more. While 0X doesnt have a fee, any of these relayer partners may charge its own proprietary fee for using the protocol through their exchange platform.Learn More About 0XIf you want to learn more about 0X, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.

 As its website conveys, “0x is an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain” and used to power decentralized exchanges (DEXs).When they founded 0x in October of 2016, Amir Bandeali and Will Warren were betting on the disruptive trajectory of blockchain technology. They believe in a future where assets of all flavors, from stocks to currencies to precious metals, are traded publicly as tokens on the blockchain. Given the versatility of Ethereum’s platform and the scope of its decentralized applications, they think Ethereum’s blockchain is the ideal medium to accommodate this revolution in asset exchange.  TL;DR: 0x is a protocol that wants to streamline token trading with off-chain orders via Ethereum powered smart contracts. The crux of 0x’s decentralized trading focuses on an off-chain ordering relay that cuts back on gas prices and reduces network bloat. For those of you who have any experience with a decentralized exchange like Ether Delta, you may already see the benefit of off-chain orders.  If you don’t, here’s a quick explanation. Most decentralized exchanges function using smart contracts powered by the Ethereum blockchain. This means that all order functions and trades take place within these smart contracts, and users are always in control of their funds, rather than trusting them to a third party like they would with a centralized exchange (e.g., Binance and Bittrex).  It also means that traders must execute transactions on the blockchain every time they want to manage their funds, whether that be for depositing funds into an exchange’s smart contract or placing, canceling, or filling an order. This costs gas, a fee paid in Ethereum to ensure that these transactions are processed on the blockchain by its miners.  If you were using Ether Delta, for instance, you’d pay a gas fee every time you wanted to deposit funds into the exchange’s smart contract to make an order. And you’d pay another gas fee to execute that trade once your order is filled.  Between depositing, placing an order, executing a trade, and withdrawing, gas fees can add up quickly. Decentralized exchanges are great for their security benefits, but they lag behind their centralized counterparts in both user operation costs and accessibility for this very reason.This is where 0x comes in. The 0x protocol improves decentralized exchanges by utilizing off-chain ordering relays in conjunction with on-chain settlements. Essentially, this allows you to broadcast an order off-chain that another user fills. Only value transfers are executed on-chain, leaving all other trading commands to off-chain procedures. Thus, transactions are only run through the network when a trade is executed, allowing users to reduce the gas fees associated with trading operations.To accomplish this, 0x uses what it calls “relayers.” Relayers are responsible for broadcasting orders through public or private order books. They bring liquidity to the network by hosting its order books, acting effectively as an exchange. Unlike an exchange, however, a relayer cannot execute a trade. It can only facilitate trading by presenting maker orders broadcasted to the network. For a trade to be fully executed, a taker must fulfill the order by submitting the maker’s signature along with its own to the decentralize exchange’s smart contract. In compensation for facilitating this exchange, a relayer is paid a fee in 0x’s native currency, ZRX, for each transaction.When trades are processed through a relayer, they are known as Broadcast Orders. Broadcast orders allow for anyone to submit an order to the network, and in turn, they also allow for anyone to intercept these orders and fill them.0x also accommodates Point-to-Point Orders, which are orders transmitted by makers with a specific taker in mind. These orders allow two users to directly transfer funds through a variety of messaging mediums, including email, Facebook messenger, and more. When a maker address sends an order relay this way, only the specified taker address can fulfill it, protecting funds from being hijacked by malicious third parties.Along with compensating relayers for broadcasting order books, the ZRX token is used to facilitate decentralized governance on 0x’s platform. Stakeholders use the currency to vote on decisions that affect the blockchain, including protocol integrations and upgrades, without disrupting the entire network.In addition, the 0x protocol is application agnostic, and its smart contracts are open sourced and publically accessible. This allows any development team to build on 0x if they need an exchange function for their token or platform, so the protocol serves as a plug-in for other Ethereum-powered DApps. Its application agnosticism and shared protocol layer also allow for DApp interoperability, creating a “shared infrastructure for a variety of [applications].”There are already a number of crypto projects that are building on 0x, including Augur, Status, district0x, Blocknet, Request Network, and many more.Lastly, 0x sports a “Token Registry contract [that] will be used to store a list of ERC20 tokens with associated metadata for each token: name, symbol, contract address, and the number of decimal places needed to represent a token’s smallest unit (needed to determine exchange rates). The registry will serve as an official on-chain reference that may be used by market participants to independently verify token addresses and exchange rates before executing a trade.” 0x stakeholders are responsible for governing this information by adding, modify, and removing data when needed.Following a high of $0.50 coming out of its ICO, 0x slowly receded to a support of ~$0.20 throughout September 2017. It remained at this level during the month of October and had a relatively quiet November in a time when most altcoins were gaining.Starting in December 2017, 0x made a run for the heavens, peaking at an all-time high of $2.37 on January 13th. It quickly corrected from this top, however, falling down to $0.373 in the middle of March 2018.Since then, the token price has had three significant bumps. The first occurred in April/May in which it reached a local high of just under two dollars. Following that high, the price has consistently fallen, experiencing brief price increases coinciding with the launch of 0x V2 on testnet in June and the launch of 0x V2 on mainnet in September. Surprisingly, the ZRX price saw an immediate dip after being listed on Coinbase in October 2018.0x is currently trading at just over $0.30. Many investors state that past performance doesn’t indicate future price movements. However, it seems as if the ZRX price does tend to rise immediately following news of a new product launch. Make sure you’re keeping an eye on the project’s roadmap to spot when the next announcement may occur.Most of 0x’s trading volume comes from Binance in the form of Bitcoin and Ethereum trading pairs, but it’s listed on a number of popular exchanges, including Huobi, OKEx, HitBTC, and Liqui among others.You can also grab some ZRX on Coinbase Pro (formerly GDAX) for USD or EUR.0x is an ERC20 token, so the MetaMask browser extension, Ledger Nano S, and MyEtherWallet will support 0x along with any other ERC20 compatible wallet. If you’re looking for a software wallet, check out Exodus.The 0x team is lead by co-founders Will Warren and Amir Bandeali but is more well known for their advisory board. Fred Ehrsam (Coinbase co-founder), Joey Krug (Pantera Capital Co-CIO), and Linda Xie (Co-founder Scalar Capital) all advise the project.The 0x protocol’s biggest competitor is the Kyber Network. Both projects focus on decentralized exchange protocols, albeit in different ways. While 0x places order books and matching off-chain, Kyber keeps the entire process on-chain.Back in September of 2017, the 0x team posted an updated roadmap on their blog. In late November that year, they posted a development update addressing some of the roadmap’s Q4 goals for 2017. These included:The team has done a good job of accomplishing the items on their roadmap. They set out to complete 0x V2.0 by Q2 2018 and, lo and behold, they had it completed in June.0x Instant is a recent release from the 0x team. With Instant, you can add a widget to your app or website that enables users to purchase ERC20 and ERC721 tokens. 0x has not released a roadmap for 2019 yet.With its protocol, 0x takes the strengths of both centralized and decentralized exchanges while leaving their weaknesses behind. Off-chain order relays allow for the same low-cost operations that centralized exchanges offer without sacrificing personal asset management and fund security. The on-chain transaction settlements, in addition, give users all the benefits of decentralized trading, making it so that transactions are only cleared once both makers and takers hold up their end of the bargain. And both processes are managed via smart contracts for enhanced security.Given the maelstrom of hacks that have swept funds from centralized exchanges over 2017 and 2018, the cryptocurrency community needs decentralized exchanges. As crypto gains prominence and more money enters the market, so too will opportunities increase for malicious actors to profit from vulnerable investors.  Decentralized exchanges offer a panacea to such a community ailment, and perhaps 0x’s novel design will do its part to usher in a new era of secure, decentralized trading.  Editor’s Note: This article was updated by Steven Buchko on 1.7.2019 to reflect the recent changes of the project.The post What Is 0x (ZRX)? | A Guide to the ERC20 Exchange Protocol appeared first on CoinCentral.Coincentral.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.

Will you be at Devcon5 this October in Japan?0x, Hummingbot, and imToken invite you to join this super team of DeFi projects for an evening of engaging discussion and networking during DevCon in Osaka!Agenda18:30 - 19:00: Doors open19:00 - 19:45: Presentations19:45 - 20:45: Networking, food, & drinks/ 0x /0x is an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain. We provide the public infrastructure that can be used to build decentralized versions of existing markets, as well as new markets that could not have existed before blockchain. Learn more at and follow on Twitter at @0xProject ()/ Hummingbot /Hummingbot is an open-source software client that allows users to create and customize automated, algorithmic trading bots for making markets on both centralized and decentralized digital asset exchanges. Learn more at and follow on Twitter at @hummingbot_io ()/ imToken /imToken is a feature-rich digital asset wallet enabling multi-chain asset management, DApp browsing and secure, private exchange of value. Learn more at and follow on Twitter at @imTokenOfficial ()Event venue website: Attendees (21)Go to Attendee ListBay Area Quant/Algo Crypto TradersSee more events

The price of 0x (ZRX) has hit a two-year price high amidst hopes that falling Ethereum fees will lead to greater decentralized exchange usage. 

According to CryptoCompare data, the Ethereum-powered open protocol 0x has reached its highest price since October 2018, surging more than 40% on Friday to $0.97.  It has since corrected to $0.72 at press time.

The price jump for ZRX follows just days after stablecoin issuer Tether announced plans for launching a USDT token on the OMG Network, taking a significant amount of strain off the ethereum blockchain. 0x investors are hopeful the decrease in ethereum network usage will lead to falling gas fees, which reached a record high of $6 last week, thereby spurring greater interest in decentralized exchanges. 

0x enables the peer-to-peer exchange of assets on Ethereum’s blockchain and allows users to access a variety of decentralized financial instruments. However, the protocol is limited by network congestion on ethereum, with high fees leading to an overall reduction in investor activity. 

Denis Vinokourov, head of research for crypto prime broker Bequant, told CoinDesk:

Vinokourov pointed to the surge in price for other DEX coins, including Aave’s LEND which is up 3,000% year-to-date. The research head speculated that 0x may still have plenty of ground to cover despite the recent price jump. 

Featured Image Credit: Photo via Pixabay.com

I hold a B.S Computer Science and have an extensive experience and interest in technology, cryptocurrencies and the online advertising industry. I worked with leading companies like Softbit, MediaFem, OLX Group, and Telecom. I am  living in London, UK.Enter your email address to subscribe to this blog and receive notifications of new posts by email.Home » Cryptocurrencies » Decentralized exchange: 0x launches new service for exchangesThe 0x open source protocol, which allows the exchange of ERC-20 tokens in Ethereum, announced the launch of 0x Instant, a new service that will allow incorporating the ability of quick purchases and exchanges with tokens to a website or an application.According to the information published on the company’s blog on December 6, 0x Instant is an open source project with customization possibilities, which seeks to meet the needs of users of any decentralized application (dApp) or website. At the same time, it makes it possible to carry out exchanges with tokens ERC-20 or ERC-721 (non-fungible) through 0x.In this sense, the service offers the possibility of exchanges from any digital portfolio of Ethereum (ETH), such as MetaMask, Ledger, and Trezor, among others, to acquire and market with the native tokens of any project that has integrated Instant to its platform. In this way, a preexisting difficulty in 0x is solved, the fact that it does not allow the exchange with ETH because it is not an ERC-20 token.This is an addition that has already incorporated crypto companies such as Coinbase, CoinGecko and Augur, according to 0x CEO Will Warren, who explains that in this way users can, for example, buy REP, the native token of Augur.The company adds that Coinbase Wallet and Balance have also integrated Instant into their respective products. The idea is that any company, developer, site, or application can monetize your project and add a new source of income, because when working with Instant the hosts earn up to 5% for each transaction.In this regard, it is indicated that there is also the possibility of acquiring control over the design of the user interface, through AssetBuyer, a library that facilitates the purchase of any asset with ETH, taking advantage of the 0x liquidity.0x is a decentralized exchange project of cryptocurrencies based on Ethereum. Founded in 2017 by Will Warren and Amir Bandeali, in August of that year it managed to raise about 24 million dollars through its initial offer of coins, despite having received some criticism related to possible code errors and weaknesses in its white paper (whitepaper).According to his statements, 0x aims to create a platform where all kinds of assets can be freely exchanged. This includes fiduciary currencies, stocks, bonds, commodities, debt instruments, real estate, videogame items, digital collectibles and software licenses, among others.The project is the issuer of 0X (ZRX), a token that last July began to be quoted in the Coinbase exchange house, temporarily increasing its price, after registering a new price increase, starting with the incorporation into Coinbase Pro.This fact generated controversy in October 2018, due to a journalistic investigation that revealed connections between the project, the Scalar Capital firm and the exchange house. The information gave an account of a possible management of insider information by Scalar Capital, prior to the incorporation of the ZRX token into the Coinbase portfolio.Despite the above, the ZRX token also suffers the effects of the market crash that began last November, having a drop of more than 80% compared to its price at the beginning of the year. On January 13 0X was sold at $ 2.37 and for this date it is sold at $ 0.30, according to data from CoinMarketCap.

The 0x (zero x, ZRX) protocol is trending heavilylately, and for good reason. This long-lived Ethereum-based token has been burning a hole in the charts, with over 150% gains since mid-September. We look at the charts to see if the rally can continue.Like many altcoins, ZRX had been searching for a bottom for quite some time after a lengthy downtrend and then a flat consolidation. That brought about the conditions for a breakout, which began on September 17.We see that 0x has reached its second thick zone of resistance during this uptrend, and we already see it being rejected. The RSI is well overbought, although its performance in general has been superb with hardly any bear divergence to speak of on the daily timeframe; and ditto the histogram, which almost achieved an even high on price peaks. Momentum here remains bullish and the trend up, even though ZRX is likely to see another pullback here.If we come down to the 8-hour chart on the ZRX/BTC pairing, we see the scope of a possible retrace here. Drawing a Fibonacci retracement overlay from the most recent swing low in the uptrend, we find 3433 sats a likely candidate for a retrace target as it is confluent both with significant previous price action, and with the 0.618-65 golden pocket of the Fibonacci range.We see very healthy indicators, with only a slight bear divergence on the RSI which will likely presage a small correction. The histogram doesnt even have a bear divergence here, and buy volume even on the most recent price jump is even higher than previous jumps. The histogram is arching down, though, at the time of writing, again predicting a small retracement.With altcoins like ChainLink () clearing the path for altcoins, and with Bitcoin dominance looking to be in a general decline, 0x has a good chance of continuing its bull rally for a little while longer. It might need some time to chew through this resistance and cool off a bit to set up for the next leg up, however, so we should expect some selling and profit-taking here.The views and opinions expressed here do not reflect those of CryptoGlobe.com and do not constitute financial advice. Always do your own research.Featured Image Credit: Photovia Pixabay.com

The Rise of Decentralized Exchanges and the Importance of the 0x Project (ZRX)One of the main impediments to the widespread adoption of cryptocurrency investing is the belief that the current crop of exchanges are lacking the kind of security that people have come to expect from banks and traditional investment accounts.A small but significant number of high profile hacks and thefts from major cryptocurrency exchanges have kept this security concern at the forefront in the public’s understanding and awareness of cryptocurrencies and blockchain technology.Upcoming decentralized exchanges, however, promise to address these security concerns while also addressing the issues that centralized exchanges were established to deal with in the first place.Decentralized exchanges, such as the 0x Project, and the coins that are integral to their functioning, such as 0x Project’s ZRX, are set to dominate the future of cryptocurrency exchanges and asset transfers in general.One of the largest and most glaring inconsistencies in the blockchain and cryptocurrency space is the need for centralized exchanges to govern the transfer of what were intended to be a decentralized form of currency.While cryptocurrencies could always nominally be transacted in a decentralized manner, the state of blockchain technology at the time meant that this process would be slow and costly. Therefore, centralized exchanges were developed to overcome these drawbacks to the state of decentralization and allow cryptocurrency investors the kind of user interface that they were accustomed to from more traditional investment platforms.The high profile hacking events and the on-going concern over the ‘front-running’ of orders, however, have ensured that there remains a steady demand for the true decentralization of cryptocurrency investing.The state of blockchain technology has finally caught up to the demand for cryptocurrency investing with the development of major decentralized exchanges.One of the most promising stars of these rising decentralized exchanges, the 0x Project, uses a protocol where additional information to a transaction is processed in an alternate system outside of the underlying blockchain (0x Project uses the Ethereum Smart Contract system), while only the actual transaction itself is processed by the underlying blockchain.The 0x Project system dramatically reduces the load as the protocol provides the high quality user interface that modern investors expect, while ensuring that the actual transactions are performed in a decentralized manner free from the security concerns that plague the current crop of centralized exchanges. ZRX is the payment that the facilitators of 0x Project’s protocol receive for processing the additional information to the underlying blockchain transaction.Therefore, as decentralized exchanges come to dominate the world of cryptocurrency investing, ZRX and similar coins will become some of the biggest names in the blockchain and cryptocurrency space.2019 promises to be a heady year of changes for blockchain technology and cryptocurrencies in general, and this rapid transformation of cryptocurrency exchanges from centralized to decentralized will be one of the driving stories in the year ahead and beyond.ZRX is poised to dramatically increase in value as the 0x Project becomes one of the dominant protocols for these game-changing decentralized cryptocurrency exchanges.Disclaimer: The author of this article does not currently invest in cryptocurrencies so that they can offer an unbiased perspective on the contemporary blockchain and cryptocurrency space.Your email address will not be published. Required fields are marked * - March 12, 2019, 10:00 pm - March 12, 2019, 9:07 pm

(adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-3565551098915916", HomeCryptocurrenciesBitcoin, Ripple, Ethereum, BitTorrent and 0x (adsbygoogle = window.adsbygoogle || []).push({}); The price of BTC continued to climb rapidly this week and found resistance at $5350, not far from the next resistance at $5500. Further significant resistance levels are at $6000. From below, support at $4800. In case of retesting the last level (and getting supported there) could grant the market a green sign for bullishness. In the meantime, Bitcoin holds nicely on top the $5000 support area. Against the dollar at resistance at $180 is being tested, while support is at $170. The RSI is fragile in its high levels, and a correction to 200-days moving average can also take place soon. Against Bitcoin, a positive trend for ETH this week with an attempt to break up the 50 moving average line, with support around 0.033 BTC. Next resistance lies at 0.036 BTC. Against the dollar, XRP saw a sharp increase in trading volume that has not been seen since December 2018. The volume increase had resulted in a breach of resistance at $0.32, as the resistance lies around the 200-days moving average line which is currently at $0.37. Support lies at $0.34, and as of now seems to hold. Against the Bitcoin, the price is aiming downwards (bearish), and unstable support is found at 6600 SAT. The next resistance lies at 7100 SAT. Against the dollar, the support for ZRX is built around $0.34, while resistance lies at $0.39. The trading volume has risen, while the RSI is in its lower area. Against Bitcoin, following retesting support around 6400 SAT, ZRX had some attempts to break up the 7200 SAT resistance level. Against the dollar, the range is relatively stable between the range of $0.00072 – $0.00082. Against Bitcoin, support around 14 SAT is tested while resistance lies at 18 SAT. It will be interesting to see if the 14 SAT level will hold. Be the first to know about our price analysis, crypto news and trading tips: Follow us on Telegram or subscribe to our weekly newsletter.

As cryptocurrency prices continue to tumble, some blockchain projects may disappear into the digital dust while others forge on with product development that will lead to ease of use and greater adoption.Standardization of payment platforms and cross compatibility between them is one issue that needs to be addressed before cryptocurrencies get anywhere near mainstream adoption. The 0x protocol aims to do exactly that and has taken a step towards that objective with the announcement of the 0x Instant payments service.Using the service with ‘a few lines of code’ can enable crypto purchasing to be added seamlessly to any app or website according to the announcement medium post. The open source code also allows hosts to earn a little commission on every transaction if they configure it to do so.“Under the hood, Instant aggregates liquidity from 0x relayers for any ERC-20 or ERC-721 asset. It automatically finds the best prices within the 0x networked liquidity pool and lets users pay for tokens with ETH via MetaMask, Ledger, Trezor, or any other Ethereum wallet,” the post added.An off-the-shelf UI and Instant Configurator can be embedded into games or dApps to enable instant crypto payments. The blog adds that ‘developers and creators can utilize Instant to build product experiences that couldn’t have existed before.’ Non-fungible token marketplaces, non-custodial crypto wallets, dApps, and crypto price feeds are already utilizing the service according to the release.Coinbase Wallet has already integrated 0x Instant into its mobile wallet app for seamless transfer of Ethereum based tokens. Others crypto operations such as CoinGecko, Augur and Emoon are also already utilizing the system.By eliminating third party exchanges as intermediaries, the platform allows dApp to dApp or wallet to wallet transfers and conversions minus the exchange commissions. Instant has also been designed to allow crypto-based price feed websites to monetize traffic by adding their own fees on transactions within the site.0x is essentially a protocol layer that supports the decentralized exchange and transfer of all Ethereum based tokens. Its focus is towards developers that need exchange functionality for a wide range of tokens.Unfortunately for its own native token, the market reacted in the wrong direction as ZRX has been pulled into the digital quagmire with the rest of the altcoins. At the time of writing 0x was down 3% on the day to $0.318. Since its all-time high of over around $2.50 ZRX has plunged 87% to current levels.Innovation and development is the key to the continuation and longevity of crypto projects, and this must now become the primary focus above the dismal prices for those that are to survive.Get the latest news delivered to your inbox.Email* * I consent to my data being collected and storedEmailThis field is for validation purposes and should be left unchanged. jQuery