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0x Protocol (ZRX)
0.67%
$ 0.156588
$ 0.001049
⇣ 0.156327
30 Nov
⇡ 0.159073
What is 0x (ZRX)?

0x (ZRX) is a cryptocurrency unit issued by the 0x platform in 2016. 0x (ZRX) is a cryptocurrency based on the Ethereum blockchain system, specifically an ERC-20 token.
0x serves as an open protocol for the Ethereum blockchain and decentralized exchanges. The developers of 0x believe that in the future, all assets will have a token equivalent, aiming to build a reliable platform that allows all these tokens to be interchangeable. This platform enables users to make exchanges through decentralized exchanges using smart contracts.
How Does 0x (ZRX) Work?
One of the most convenient and quickest ways to own cryptocurrency globally is to buy it on exchanges with real currency through bank or various payment methods. Centralized exchanges provide this service and take on the responsibility for security.
The fact that centralized exchanges are tied to a specific center is seen as unreliable by some users, leading them to prefer decentralized exchanges. Since decentralized exchanges are not tied to any one person or company, they do not have the risk of shutting down like centralized exchanges do. They also allow for the possibility of avoiding taxes on cryptocurrency transactions should governments impose legal regulations to tax these exchanges.
The disadvantages of decentralized exchanges include their very low volume and the fact that all transactions are carried out on the blockchain, resulting in very slow transaction times and high transaction fees. There is variability in transaction times and fees depending on the congestion in the blockchain network.
At this point, the 0x (ZRX) protocol aims to regulate the disadvantages of decentralized exchanges. In decentralized exchanges built on the 0x protocol, all transactions are first carried out outside the blockchain network and then processed on the blockchain network.
The 0x protocol does not charge a fee for this process, but decentralized exchanges built on the protocol may charge transaction fees.
How to Mine 0x (ZRX)?
0x (ZRX) is a type of cryptocurrency that does not undergo mining. The entire amount of 0x (ZRX) is produced by the company. A total of 1,000,000,000 ZRX will be produced. Currently, there are 625,958,624 ZRX in circulation.
How to Buy 0x (ZRX)?
In Turkey, contrary to what might be assumed, buying 0x (ZRX) with Turkish Lira is a very easy and fast process. You can buy 0x (ZRX) without needing any technical knowledge.
0x Protocol (ZRX)
0.67%
$ 0.156588
$ 0.001049
⇣ 0.156327
30 Nov
⇡ 0.159073
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