What is 0x Protocol?
A permissionless innovative exchanging P2P protocol which lets DEX and operates on Ethereum is identified as a 0x. The unusual characteristic of this platform is that developers have an ability to make exchanges using their own currencies. To make an accurate DEXs this Ethereum-based platform supports smart contracts and has off-chain transaction relayers. The main function of 0x is to perform payments to relayers and manage token to pass all the protocol upgrades. The 0x company has proclaimed that there are over 16 relayers that were formed on top of their protocol. After this announcement, everyone came to the conclusion that 0x has a good code implementation. But there are two risky moments for investors: the first is that because of the small size of the DEX market the share of 0x is limited and the second is that the exploitation of the relayers can bring to a system centralization. As of April 2019, circulation supply of the token is 587 million ZRX and the market capitalization is $159 million.