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May 05, 2018, 02:03:27 PM |
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0x(ZRX) is an open protocol that is designed to offer a decentralized exchange as part of the Ethereum blockchain. 0x is made using a protocol that involves Ethereum smart contacts that allow those around the world to run a decentralized exchange.
0x, at its core, is an open source decentralized exchange protocol, so any use case that involves the trading of different assets can eventually be built using 0x. The idea of decentralized exchanges is becoming more popular in modern times when ordinary exchanges do not withstand the loads from the influx of customers. In March 2017, the protocol closed a huge round of financing, which was headed by Polychain Capital.
Latest news April 25 - BatchOverflow attack on ERC20 tokens. ZRX tokens are not vulnerable to this issue. So, the news did not harm ZRX tokens by any means. (Affected tokens, according to media reports: MESH, UGToken, SMT, SMART, MTC, FirstCoin, GG Token, CNY Token, and CNYTokenPlus.)
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