Beginners Guide to 0x Cryptocurrency (ZRX)

Source : Beginners Guide to 0x Cryptocurrency (ZRX)
Table Of Contents

What is Protocol?
As you can spell and pronounce it’s name that easy, also, you can describe it easy. Open, limitless, wide open  protocol allowing you to trade ERC20 tokens on the blockchain.

Along with it’s main usage, developers can use protocol to build exchange applications.. .js is a Javascript library for interacting with the protocol alone.
Who are the brains behind?
Co-founders of this protocol are Will Warren and Amir Bandeali, the CEO and the CTO. Along with them, this project is made of blockchain engineers, software engineers, graphic designers, strategists, and so on.. Oh yes, the is founded in SF, which explains the neat design of their platform, and lots of options.

The protocol is funded by Pantera, Jen Advisors, Blockchain Capital, and Fintech Blockchain Group, which describes a wide-range of interests in this project.
Will as a eliminating middlemen with code, research assistant graduate, at Los Alamos national Laboratory, and Amir as a former trader at DRW, and Chopper Trading, have created the project that connects high vision people and allows them to safely trade their ERC20 tokens on blockchain.
What is their goal?
Warren and Amir have imagined the world to go around the blockchain, allowing assets to have everything from digital game items to stocks, gold, and fiat currencies. They imagined tons of different types of tokens, and an opportunity for improvement. Did you know that there is a huge possibility that by 2020., thousands of assets will be tokenized and transferred to blockchain? Yes, In the future, all cross-blockchain solutions will allow cryptocurrencies  to freely and move between blockchains, without limits.  They created a form where people interested in building a relayer can connect with one another.
What separates centralized and decentralized exchanges?
Centralized cryptocurrency exchanges are the most common, and are run by a single entity, while decentralized exchanges were developed to resolve the issue of vulnerability to theft. Users of centralized exchanges have to deposit their funds directly with the exchange, such as (a risky way to manage your funds and exchanges), while users of decentralized exchanges keep some control over their money. When you think about, you come to a conclusion that decentralized exchanges are much slower than centralized ones, but more secure.

 
How does improve on decentralized exchanges?
Since decentralized exchanges are secure, and better, project has chosen to be closer to them. has discovered many problems though with decentralized exchanges: expensive, slow, iliquid, and can’t be operated with each other, therefore, addresses all these issues by developing a standard protocol that can be applied to all orders which relay off the blockchain. With , the orders go back on the blockchain once settles instead of going back at every transaction, and this way has managed to speed up the whole process eliminating some of the unnecessary transaction fees.
Is it free?
Yes! is free, but, if someone chooses to create a decentralized exchange with the protocol, they can charge fees. But they are trying to reduce the reliance on the blockchain. While it offers you trustless exchange, shared liquidity, open source, simple and neat platform, any kind of charges would be nothing. You give, but you also get, more than you can imagine.
What else have they created?
to the side, and say hello to OTC, a consumer facing product that uses the protocol. It allows peers to exchange tokens without a relayer, and connect with directly. You have no limits on how you can send your orders, old-school with a pencil and paper, e-mail, social media, and etc.. You know why? Because it is relayed via the blockchain.

Tokens again
Another unique and perfect 0x aspect is token they have, called ZRX, which is used for paying the Relayer’s trading fees. Total supply of ZRX is 1,000,000,000, and a circulating supply is 473,207,599 ZRX! ZRX token is also used for decentralized governance over 0x protocol’s update mechanism which allows it’s underlying smart contracrts to be changed and improved over time. Token launch was recent, on August 15., 2017, and 50 percent of the tokens were released during the launch, with 15 percent being retained by 0x, followed by developer fund taking 15 percent, 10 percent being adopted by the founding time, and 10 percent by advisors and early backers.

 
Last few words
Everyone’s talking about ‘x protocol being a nice step and income to the crypto’world that’s effectively taking care of many of the flaws that decentralized exchanges contain. As many people are using the protocol, writing about the protocol, and talking about it, it is impossible for 0x not to grow quickly, and along with the marketing of the protocol, the ease of use, and availability of the protocol, it is well known that it won’t die.
Hot New ICOs
If you are a real hard-core crypto fan, I am sure you are on a hunt for new hot ICOs all the time. Make sure to check our list of upcoming ICOs.

 
How to buy it?Where to store it?
You can’t buy it directly for fiat on any exchange. You can choose the best BTC exchange for your region and buy BTC there, then trade it for ADT  on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.

Our recommendation is always check if is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. has acceptable fees and limits and it is a leading platform for buying BTC.

If doesn’t support your country, use .io – read how .io works – it is as good or even better than . Coinmama is also legit exchange for buying cryptocurrencies – click here to visit Coinmama.

If your country is not available on – check for best alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is secure place to buy crypto), instantly and directly to bitcoin.

Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Nano S or Wallet or KeepKey, those are the safest options.

You can read our articles on how to use Nano S wallet and where to buy it and Wallet Review or check out other top hardware bitcoin wallets here. You can also create a paper wallet – learn here more about crypto wallets.

We have also compared top 3 hardware wallets: vs vs KeepKey.

The post Beginners Guide to 0x Cryptocurrency (ZRX) appeared first on Captain Altcoin.

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