04 Dec Cryptocurrency in Focus: 0x is Forging a Path for Decentralized Finance – Stock Market -…
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0x is emerging as the leading trading protocol for digital assets and is forging a path for decentralized finance.
It enables the peer-to-peer exchange of assets on Ethereum, using the native ZRX token for trading fees and governance.
The protocol is essentially the engine powering popular decentralized exchanges such as Radar Relay, Paradex and Bamboo Relay, allowing them to pool their liquidity. The 0x team has launched a number of open source tools including 0x Instant, 0x Launch Kit and Asset Swapper to make the trading of digital assets as easy as possible.
The newest version of 0x’s decentralized finance trading protocol went live on Ethereum Monday. The transition will help create a more cohesive decentralized finance system by introducing a new set of bridge contracts that aggregate liquidity across several decentralized exchange networks, including Uniswap, Kyber, and MakerDAO’s Oasis.
The new version, known by crypto-techies as the 0x Improvement Proposal 56 or…
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