What is 0x Protocol?
Cryptocurrency 0x (ZRX) is an open-source protocol created on the Ethereum smart-contracts basis. Developers can create their own decentralized exchanges (DEX) and take fees for their services. In other words, the 0x project isn’t an exchange platform, but the core for their creation.
The key objective of the project is to eliminate the inconvenience during the tokens exchange created on the Ethereum blockchain. Many users believe that 0x is a decentralized exchange, but it’s not true. 0x Protocol offers users a platform that provides tools for creating their own decentralized exchange. All operations in the 0x Protocol environment are performed through Ethereum smart contracts. The project offers very interesting ideas.
Smart contracts in 0x allow you to bypass the difference between Ethereum tokens and create a single-layer network for crypto assets exchange.