What is 0x (ZRX)? | 0x ZRX Explained in Under 60 Seconds

What is 0x (ZRX)? 0x is an infrastructure protocol that allows decentralized trading of ERC20 tokens & other assets on the ETH blockchain. ZRX is the ERC20 utility token that powers the Ox protocol. ZRX holders govern the platform by voting on protocol changes.

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A collection of smart contracts work together to create a flexible, low friction decentralized trading protocol that DeFi developers can implement into their products.

Nodes, also known as relayers, host an off-chain order book & provide applications where users can conduct transactions. Trading fees are paid with ZRX tokens.

Matcha by 0x is a global search engine for liquidity & markets where users can trade tokens at the current best price.

0x uses Smart Order Routing to split transactions across DEX (decentralized exchange) networks to be filled with the lowest slippage possible.

Connected with all top DEX networks, so there is no need to add new sources. Exclusive Ox liquidity with professional market makers, free limit orders with Ox’s open orderbook, & private liquidity pools.

WEBSITE: https://0x.org/