The protocol is designed to serve as an open standard and basic building block, running interoperability among decentralized applications (DApps) that include exchange functionality. An Ethereum Smart contract system, which is free to apply, publicly available and any Decentralized Application can be attached to it, supports are runs the show for traders. The 0x coin is an ERC20 token, and over 500 different cryptocurrencies have issued this class of token.
ZeroX – 0x is a protocol that promotes low friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain.
– Just over a week ago, in working together with Coinlist, the team behind 0x run the 2019 Hackathon with many-many participants competing for the first places to collect the rewards and highlight their ideas.
There were over 700 registrations for the hackathon, with final submissions from 50+ teams from 30 countries. Thank you to all that joined our hackathon and built innovative products for the 0x ecosystem… Beyond engaging with teams from around the world for the past month, the hackathon gave the 0x team an opportunity to learn how we can improve our documentation and tooling to better serve developers integrating 0x…
According to the team’s blog post – the winners for the first place collecting $10,000 and second $5,000 were Tokenary [which opens gates for offline and online user exchanging of cryptoassets with friends nearby – they utilize the Zerox Protocol to trustlessly execute these trades.] and Cash Flow Relay [2nd place – a place to trade C2FC or Commitments to Future Cash Flows which makes it possible for businesses to present future cash flows in the form of token which are easily tradable with the 0x token].
– To make sure that decentralized applications [dapps] developers are developing on the right path of the law on the 0x blockchain network platform, the team has showcased plans for a couple of legal resources to help devs in the ecosystem.
Strategic Legal Counsel of the core team – Jason Somensato, via a blog post has rolled out a couple of resources that could possibly help devs better understand some of the key legal issues.
The first project is an open source legal reference resource designed specifically for developer teams building projects that may integrate 0x or other open decentralized financial protocols. This resource consists of two parts: (1) The 0x Legal Wiki summarizes some of the key U.S. laws that may impact projects built on 0x; (2) The 0x Legal Library is a collection of links to important cases, statements from regulators, and commentary by others within the legal community addressing the application of these laws to the crypto industry.
Per time of writing, the pair ZRX/USD is one of the only in the green after the speedy decline which the complete crypto-market experienced two days ago. ZRX is changing hands against the US Dollar at $0.2615 counting 5.16% in the green leading the BTC market for 5.38%. With a market cap of $152.7 million 0x stands as the 34th largest coin by market capitalization.