How & Where to Buy 0x (ZRX)
Step 1: Buy BTC or ETH at Coinbase
Sign up and purchase bitcoin (BTC) or Ethereum (ETH) at Coinbase.
If Coinbase is not available in your jurisdiction, view our list of exchanges that sell BTC or ETH for Government issued money.
Use 0x: Ways to send & spend ZRX
0x Price & Information
Current ZRX price and historical price chart
What is 0x?
0x is an open source, peer to peer, a free and decentralised protocol for low friction and trustless exchange of Ethereum-based coins, and offers a native currency called 0x protocol token (sym. ZRX).
Basically, 0x offers a platform and set of protocols to build user-facing DApps on Ethereum network.
History of 0x
0x is founded by Amir Bandeali and Will Warren.
In Q4 2016, the pre-alpha was released and tested on Ropsten testnet. The project went live in 2017 via a crowdsale on 15th April 2017 where people could purchase it against ETH.
There will be a fixed supply of 1,000,000,000 ZRX.
(more coming soon…)
How 0x Works
0x is basically a platform which wants to bring standards to the DApps creation on Ethereum network. It aims to improve and standardise the interoperability of different DApps. Different DApps offer different Smart Contracts and token which freely interact if they are built upon 0x platform. The only condition is that the DApps must conform to ERC20.
0x doesn’t offer a new network, rather it utilises the existing Ethereum blockchain.
0x tokens (ZRX) are used to pay the Relayers (think, miners) who host and maintain public order books (ledger). 0X tokens are also used to maintain the DAO created using the 0x platform.
0x is not a DApps but a platform for DApps standardisation. It comes with several advantages
- Tokenised World: 4.2 billion tokens are running on the Ethereum network as of 2017 and it is expected to grow even faster. A platform to bring standards to this chaos is highly valuable.
- Token Interoperability: 0x standardisations allows DApps to interact and interoperate easily. With Smart Contractual DApps and DAOs being formed at an increasing rate, 0x has a great potential.
- Off-chain Ledger: 0x maintains the records off-chain which massively reduces the friction and the power needed to be a miner/relayer. Only the transaction data is kept on the blockchain.
- Stability of Ethereum: 0x utilises the tried and tested Ethereum network which allows greater safety, security, stability and advanced features like Smart Contracts on the network.
- Prominent Backers: 0x team consists of Jeb McCaleb, inventor of eDonkey, Fred Ehsram, founder of Coinbase, and other experts of the field. With this team, the project is in good hands.
- Native Coin: 0x offers ZRX, a completely native coin of the network which brings liquidity and is a fully featured coin which can be traded at leading crypto-exchanges.