What Is 0X Protocol?
0x protocol is a powerful new protocol that allows the free market to efficiently trade off the ethernet-powered asset chains. The 0x protocol was developed by 0x Labs, a company based out of San Francisco which is dedicated to building new decentralized markets in the 0x platform. The team at 0x have made security and scalability very important to their clients. The team strives to secure a long-term and sustainable market place for both investors and traders by making improvements on both the server and client sides. The team is currently working on a private test network and public demo chain for both enterprise and beginner users.
The 0x protocol will enable any trader to transact any asset in the market from anywhere in the world, with the use of their smartphone or any other compatible device. Since the inception of this new protocol, there has been much discussion about its governance and how it will be controlled and maintained. Although the team is still in the early stages of development, they have released the source code and the first implementation of the 0x protocol for anyone who is interested to get involved. The governance plan and policy will be released soon, and once released, users will be able to download the software and test the protocol on their mobile devices. With this release of the protocol can be used to track and manage Meta-IDs and transfer of asset data between users, as well as monitor the performance of the liquidity provider.
Even though the team is still in early stages of development, there are many companies all over the world that have been utilizing the power of decentralized exchanges for quite some time. The most notable company that has been active in the market is E-trade. They have utilized the power of the open protocol to create an automated trading platform that has been utilized by thousands of traders worldwide. The 0x protocol could easily become similar in nature to this successful business if it were to gain the interest of the public. This will only happen if the protocol develops into a product that can be useful to the general public.
