Overview

It is an open protocol providing the exchange that is decentralized and is based on the Ethereum tokens and assets. Developers utilize 0x to make their own exchange apps that are custom based along with a variety of the user-facing applications, that is, 0x OTC, a application that is decentralized and provides trustless over the counter trade based on the ethereum tokens. It is utilized by Makers and Takers for paying the transaction fee to the relayers, decentralized governance over the protocol’s update mechanism of the 0x enabling its underlying smart contracts to improve with time and be replaced.