0x (ZRX) is an open protocol that enables the exchange of peer-to-peer resources on the Ethereum blockchain and is used to power decentralized exchanges (DEX). This procedure allows tokens to be sent outside the main chain, which significantly relieves the network and reduces fees. The decentralization of the project allows anyone to set up a node and participate in ensuring the security and stability of the network.
The core of 0x's decentralized trading focuses on the forwarding of orders outside the main chain, which at the same time lowers gas prices and reduces network bloat.
The founders of 0x, Amir Bandeali and Will Warren focused on the breakthrough properties of blockchain technology. In addition, they believe in a future where assets of all varieties, from stocks to currencies to precious metals, will be publicly traded as tokens in the blockchain. Given the versatility of the Ethereum platform and the scope of its decentralized applications, they believe the Ethereum blockchain is an ideal medium to adapt to this asset exchange revolution.