The 0x Protocol

Lets get straight to 0x Protocol 🛠️

What is 0x Protocol?

The 0x (zero x) protocol is a protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain. The protocol itself is not, by definition, a decentralized exchange; it allows for the creation of decentralized exchanges that can be used in broad applications.

Built on the foundation of Ethereum token standards, 0x protocol acts as the critical infrastructure layer for the growing number of financial applications implementing the blockchain technology stack.

Goals of 0x

The goal of 0x Labs is to make the necessary infrastructure for the emerging cryptocurrency economy and enable markets to be created that couldn’t have existed before.

With every passing day, tokens are becoming an increasing part of the world’s financial value. Consequently, the requirement to trade digital assets and tokens securely and efficiently is growing. With its clearly defined message formats and smart contracts, the 0x protocol attempts to answer this need.

Can You Mine 0x?

0x is a protocol for the Ethereum blockchain. It facilitates peer-to-peer exchanges of assets built using Ethereum, so there is no token to mine.

That's it for the day, Web3Shala Signing Off 🚀🚀

Have a nice day :)Keep Learning 🙏🏻