Today, there are a lot of projects on the cryptocurrency asset market. Some of them are highly promoted and popular, and there are startups that have not yet received fame among users, although no less interesting startups. One of these coins is 0x. Many experts believe that this particular currency can break the monopoly structure of large corporations, since its technology is already successfully functioning on many blockchain resources.

At this time, most investors either have not yet heard about the site, or are afraid to invest in an unfamiliar network. What is crypt and what are its forecasts for the future, in the material below.

About 0x project

A cryptocurrency called 0x, or ZRX, is a protocol that decentralizes the exchange of tokens and assets based on the Ethereum information blockchain. Developers use the platform when creating their own applications for exchange platforms and its functioning tools. The token itself is used to implement dispersed control of mechanized renewal, allowing for replacement and enhancement of underlying smart agreements.

The system protocol allows you to effectively reduce gas costs for procedures carried out on the blockchain. All financial manipulations are provided by the Ethereum smart contract system. Such trades are publicly available and free to operate, so any dApps has the ability to seamlessly connect, including access to liquidity pools.

On this cryptocurrency platform, users have access to financial instruments for the formation of trading resources, thanks to which each interested participant can start their own trading.

The entire functional part of the portal is based on Ethereum smart agreements, which allows you to create a single single-level network for exchanging tokens. The project tools are implemented within several main industries:

a network of smart agreements, thanks to which it is possible to form orders for the exchange of an internal coin;
a list of assets available for inclusion in resource-based trading;
a JavaScript application that offers a range of API applications for performing your own operations.
The entire software basis of the site is provided for use free of charge. When registering his dispersed exchange, its author can independently set the amount of commission, determining the amount of deductions from each financial transfer to his deposit.

The main goal of the development team is to provide a seamless platform for converting Ethereum tokens. Considering the fact that the number of coins is increasing significantly every day, then the ideology is quite promising, especially within the framework of a decentralized resource, since centralized networks are not only more susceptible to the influence of fraudulent cyber attacks, but are also largely influenced by the developers themselves in the conduct of trading. Equipping Zero X allows you to create dispersed structures that do not require trust, that is, all procedures are carried out without intermediaries or third parties. The creator of such a project influences the process only at the expense of the commission.

Compared to other blockchains of trading platforms, the exchanges of this network differ in terms of liquidity and speed of financial transactions. Their implementation guarantees the resource user activity and relevance for doing business. All projects based on this site operate independently of each other. However, within the network, coin liquidity is counted as a general metric. Such an assessment system allows monitoring the trend, and then moving on to private inquiries.

The speed of financial transfers is ensured by external processing of information. The project implements the possibility of settlements for active orders outside the information chain. In this case, only the results of agreements that have already been completed are entered into the blockchain.

Opportunities 0x

Crypt 0x was created with one idea - to form a secure network based on blockchain technology to activate dispersed applications and trade crypts off-site with minimal fees. This is how we got a protocol on the basis of which new applications and platforms can be built.

This system arrangement solves the main disadvantages of digital exchanges:

insufficient level of decentralization;
vulnerability to hacker hacking;
difficulties for participants in the form of "freezing" a personal account, long verification or registration, large commissions.
Coins are also used to pay charges within the system (for creating applications, orders, trading operations with crypt). In addition, those who own the tokens can participate in the formation of the protocol itself through voting. The main area of application of digital assets is the formation of a hub for new dispersed converters.

0x transactions carried out on the system are conducted through smart contract technology. Also in the process, a completely new approach for the industry was implemented, which consists in conducting financial transactions outside the information block chain. Such operations significantly reduce gas costs - these are costs that are borne by the sender in order for the coins to be entered into the elements of the blockchain block system, and then sent to the recipient. The earner gets them for the transaction. Miners receive their main income, however, when transfers are made using such a non-standard scheme, gas decreases, and the use of tokens becomes more profitable.

The networks assets are digital tokens; in the future, the authors of the project argue that all assets and goods will be tokenized. Such a step will open up new opportunities for system participants, since any user can become a relayer, apply technology, and convert a crypt.

How 0x is created

The creators of the 0x cryptocurrency are Warren and Amir Bundaley. These specialists were previously part of the staff of the popular company Coinbase. Their ideology is reflected in the name of the project - "zero exchange", which implies almost free transfers in the network. The start-up was triggered by an ongoing and evolving problem - the lack of a liquid, secure and financially cost-effective e-cash converter. Also, another factor that contributed to the creation of the site was the fact that the market is mainly dominated by centralized exchanges for exchanging coins, offering not always favorable terms of purchase and sale.

So, in these conditions, the creation of a resource on the Ethereum blockchain began. The ideology was to integrate useful functionality:

a dispersed network for liquid token conversion;
infrastructure for the formation of applications using the Zero X protocol.
In the winter of 2017, the developers presented to the public a completely finished White Paper, and in August this year, they successfully carried out an ICO.

Is 0x infinite?

This digital currency is a startup, the ZRX of which was created through a full premine, as a result of which the tokens are mined immediately in full. So, in total, 1 billion coins were generated. All assets were distributed:

half to ICO contributors;
15% to the authors themselves;
15% to the development team;
10% to founders;
10% to the largest private investors.
The project has received approval from many investment organizations and venture capital companies. In addition, he was honored at the Consensus 2017 Stamp Competition.

Project Zero X has two main functions:

Governance - the platform allows token holders to vote for protocol changes. The mechanism of this function allows you to automatically update agreements, ensure consistency between participants, and efficiently update the protocol.
Relay Charging - The nexus will place OTC orders and their engines to match requests from users wishing to trade the ERC-20 coin.
Asset fees are paid for each transaction, so the more transactions are processed, the more valuable the coin becomes.

There is no mining of tokens in this network, since all the currency was released into circulation at once. In this regard, users can become repeaters, take part in the maintenance of the system. Payment will come in the form of commissions from senders.

Strengths of 0x

The 0x cryptocurrency is quite widespread in narrow circles of the crypto community due to its advantages, allowing the coin to be among the most potentially promising projects:

Inexpensive and free financial transactions - the technology makes it possible to conduct transactions without any costs or with a minimum amount of commission fees. In this case, the user does not need to pay for the services of intermediary firms.
High level of protection of funds and personal data - the resource does not save customer deposits, since all transfers go directly from the seller to the buyer. Thanks to such a system, it is simply impossible to steal funds from the base.
Liquidity - dispersed conversion allows for the transfer of a variety of ERC-20 protocol tokens, so customers do not depend on the exchanges available coin list.
Confidentiality - there is no verification or registration process on the site.
Independence - the personal account of participants cannot be blocked, as they can exchange without authorization.
However, due to a number of shortcomings, the resource is still in demand only in narrow circles and is not included in the mass use of cryptocurrency market participants. Among the cons:

Liquidity limit - the activity of the site is limited to coins of the Ethereum protocol and at the moment the addition of other types of tokens is not discussed.
Increased attention - when completing a transaction, the client must be extremely careful, otherwise the risk of introducing an error is very high.
Small network parameters - due to the lack of mining, the reward for processing transactions is minimal. Repeater income is not that great.
Subject to the elimination of these shortcomings and modernization of the system, an increase in the number of adherents is ensured, but at the moment the developers are not focused on this.

0x in TOP currencies

The rate of 0x cryptocurrency depends on the popularity of the technology promoted by the resource. So, the more adherents the protocol attracts, the more the value of the coin within the network will grow.

Experts are confident that Zero X digital cash will become highly demanded in the cryptographic market. This is explained by the presence of several strong and important parameters that the system possesses:

active application of the technology in 14 dispersed applications (Paradex, Radar, Veil, Ethfinex, dEX, LakeTrade and others);
integration into the promising asset tokenization industry;
the presence of a new innovative approach to converting cash, which consists in synchronizing smart agreements and platform protocol.
It follows from this that the project can become the center of a worldwide decentralized tokenization market and secure exchange of electronic coins. This will increase not only the intrinsic value, but also the market price of the crypto.

But this forecast will become relevant only if several important negative nuances are eliminated in the form of low bandwidth, little support for real money, lack of reliable mechanisms for protecting deposits and awards of trading participants.

A promising technology, a professional development team and a foundation in the form of the Ethereum platform are the facts that are encouraging to the cryptographic community and give them confidence in the bright future of the resource. Experts hope for the development of the project and its strengthening in the market, because the platform is very much superior in its structure to many startups operating at the moment.