Topic: [ZRX] 0X Project Speculation (Read 27344 times)

If in the absence of communication, ZRX is positive as it is, what do you think the performance will be if there is communication. Its a good project to consider for the long term investment.

The world of cryptocurrency has rapidly evolved into a thriving ecosystem in recent years. Alongside major cryptocurrencies like Bitcoin and Ethereum, numerous projects and tokens have emerged, with 0x (ZRX) being a notable player. In this comprehensive article, we will delve into what 0x is, how it functions, its history, and its potential future.

What Is 0x (ZRX)?

0x (ZRX) is a protocol that operates on the Ethereum blockchain, providing infrastructure for decentralized exchanges (DEXs). DEXs offer an alternative to traditional centralized exchanges, enabling users to directly swap crypto assets from one wallet to another. 0x was developed to make such transactions faster and more efficient.

0x supports ERC-20 tokens and simplifies the trading of these tokens through smart contracts. Users can utilize the 0x protocol to exchange tokens with other users. For instance, if someone wishes to buy Chainlink with Ethereum, they can use 0x to facilitate this trade. The transaction occurs without the need for a centralized intermediary, allowing users to retain control.

How Does 0x Work?

The fundamental principle behind 0x is built upon order books. This means that buyers and sellers can aggregate orders specifying their desire to exchange tokens. Users can then fulfill these orders, resulting in the trade.

Order books operate in a decentralized manner, enabling users to create their orders. Additionally, they can combine these orders to facilitate larger transactions. This enhances liquidity and enables the execution of more significant trades.

The 0x protocol leverages smart contracts to enable users to trade without concerns about reliability. Transactions occur on the Ethereum blockchain, ensuring transparency and security.

The History of 0x

The 0x project was founded in 2016 by Will Warren and Amir Bandeali. The 0x whitepaper was initially published in 2017, and the project has continued to grow since then. 0x was funded through an Initial Coin Offering (ICO) launched in 2017, and ZRX tokens have been traded on cryptocurrency exchanges since.

Over time, the project has undergone several updates and improvements, with different versions such as 0x V3 and 0x V4 aiming to enhance the functionality and usability of the protocol.

Future Potential

0x could become even more significant in the future, particularly with the growth of the decentralized finance (DeFi) ecosystem. DeFi applications disrupt traditional financial services by offering faster, cheaper, and more accessible financial products. 0x can continue to provide infrastructure to support this growth in the DeFi space.

Moreover, there is the potential for 0x to integrate with more blockchain platforms in the future. This could translate into increased liquidity and user accessibility.

In conclusion, 0x (ZRX) plays a crucial role as a protocol for decentralized trading and holds substantial potential within the DeFi ecosystem. However, it's essential to conduct thorough research and understand the risks before investing in cryptocurrencies.

you guys dont pay attention to signs... 😁 it's chineese new year.. the year of Ox.. 🐂

ZRX token is doing good, it's almost reached its ATH. But I hardly see anyone active on their social media channels.

Telegram channel of ZRX is hard to find. Where can I see latest information about this project?

ZRX is a good investment. The price went up with 138% in the past 90days.

Source: ZRX charts

Video from the February meeting, a meeting of 0x project developers, which discussed a number of issues related to the development of the project https://www.youtube.com/watch?v=2dC__Jm2T2g&feature=youtu.be

I've found an event for 0x in the Coindar site:

Swap
Migration to ETH Mainnet

Is there a Token Swap?
If I store 0x in MyEtherWallet should I do anything?

Latest 0x project news, OpenZKP presentation, zero proof of Rust implementation on their blog
https://blog.0xproject.com/introducing-openzkp-1dea6b22dceb

yes its very strong right now the future of 0x is bright and news about 0x project are coming vrey positive.
it looks like long term holding of this coin could worth a lot because price predictions yearly are quite great. team is working good on the project and hopefully it will be very success in future

This is very good news. I, as the holder of this coin, was scared. But the coin is very liquid and has more than 100 trading pairs.

The #1 objective at 0x in 2019 is liquidity. Today, cofounders Will Warren and Amir Bandeali join us to share their roadmap for the next 12 months, discussing their work in the realm of ZIEPs and 0x Mesh, the team’s collaboration with StarkWare, and the proposed changes to the 0x token economics model https://wyre-talks.simplecast.com/episodes/ep-44-powering-exchange-0x-roadmap-update

that's how the bug bounty works. Cooperation with the security company to always audit the platform is a must to ensure the platform will be free from the vulnerability at least it's not yet discovered by the hackers that can steal the amount.

Besides discovering the vulnerability, the team worked very quickly to fix it and everything is working perfectly as it was. The vulnerability was not exploited by hackers.

Shut down of 0x Exchange v2.0 contract and migration to patched version

Today (7/12) at approximately 4:30 PM PT, we were made aware of a potential exploit in the 0x v2.0 Exchange contract by a third-party security researcher samczsun. This vulnerability would allow an attacker to fill certain orders with invalid signatures. This vulnerability does not effect the ZRX token contract; your digital assets are safe. https://blog.0xproject.com/shut-down-of-0x-exchange-v2-0-contract-and-migration-to-patched-version-6185097a1f39

Interview with MARKET Protocol, dYdX’s CFL Integration, and New Launch Kit UIs
0x Ecosystem Update, June 2019

*General 0x Updates
*Interview with MARKET Protocol
*0x Network Data
*Project Updates

https://blog.0xproject.com/interview-with-market-protocol-dydxs-cfl-integration-and-new-launch-kit-uis-5c82099341fd

Dydxprotocol is now sourcing liquidity from 0x via  RadarRelay

https://twitter.com/0xProject/status/1144720944809705472

It could be big thing increasing liquidity  in decentralised exchanges.

New 0x price analysis:
https://cryptobriefing.com/0x-analysis-testing-bulls-patience/
It doesn't look too optimistic

the 0x price has been plateau https://www.coingecko.com/en/coins/0x

Some interesting news about ZRX:

Trade ZRX for Merchcoins, Tokenized Gift Cards, by Integrating Merchcoins DEX.
https://app.algory.io/app/cryptonews/797558/let-your-users-trade-zrx-for-merchcoins

0x hackhaton
https://app.algory.io/app/cryptonews/797087/the-inaugural-0x-team-hackathon

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And price analysis:
ZRX Value Forecast
https://app.algory.io/app/cryptonews/799026/ox-price-prediction-today-daily-zrx


So we have signs of developement but  ZRX do not give too much hope for trend reversal soon

0X is a good project, and I expect it to have a much higher price in the long term. Patience is required, although yes it is difficult to see other coins surge in the recent bull market wherea 0x has stagnated a bit. Long term it is still a very solid bet, but short term there are probably beter options out there.