0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain
What is 0x (ZRX)?
0x is an open, permissionless protocol enabling for ERC20 tokens to be traded on the Ethereum blockchain and can be used for powering decentralized exchange. In addition, 0x is an open source, peer to peer, a free and decentralized protocol for low friction and trustless exchange of Ethereum based coins, which offers a native currency called 0x protocol token. The coin offers a platform and set of protocols to form user-facing DApps on Ethereum network.
0x (ZRX): History
0x founded in October 2016 by Amir Bandeali and Will Warren the CEO and the CTO. Along with them, this project is made of blockchain engineers, software engineers graphic designers, strategists, and so on. Amir Bandeali and Will Warren were betting on the disruptive trajectory of blockchain technology. They trust in a future where assets of all flavors, from stocks to currencies to precious metals, are exchanged publicly as tokens on the blockchain. They thought about the versatility of Ethereum platform and the scope of its decentralized applications. They decided that the Ethereum’s blockchain is the ideal medium to accommodate this revolution in asset exchange.
In Q4 2016, the pre-alpha was released and tested on Robsten testnet. The project went live 2017 through crowdsale on 15th April 2017 where people can purchase it against Ethereum. It has a fixed supply of 1,000,000,000 ZRX.
How Does 0x (ZRX) Work?
0x is basically a platform that aims to bring standards to the DApps creation on Ethereum network. It plans to improve and standardize the interoperability of different DApps. The different DApps give different Smart Contracts and token which freely interact if they are made upon 0x platform. The main thing is that the DApps must conform to ERC20. 0x utilizes the existing Ethereum blockchain, and it doesn’t provide a new network. 0x tokens (ZRX) are used to pay the Relayers (think, miners) who host and maintain public order books (ledger). The tokens can be used to maintain the DAO created using the 0x platform.
How to Buy 0x (ZRX)?
First of all, you have to set a 0x wallet for storing your coins. You can choose MyEtherWallet to store your coins. Then buy Ethereum by using Coinbase. Then exchange it for 0x.
0x (ZRX) Price Prediction 2018
ZRX can be a profitable investment option. 0x price equal to 0.971 USD at 2018-02-26. If you buy 0x for 100 dollars today, you will get a total of 102.973 ZRX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-24 is 16.308 US Dollars. With a 5-year investment, the revenue is expected to be around +1579.26%. Your current $100 investment may be up to $1679.26 in 2022. 0x (ZRX) price today is $0.973768 and have the current supply of 513,643,197 ZRX. The market cap value is $500,169,309, and the volume is marked as $10,991,200. 0x price prediction, 0x price forecast, 0x price and news, ZRX price forecast, ZRX price prediction 2018, What is the price of 0x 2018.