0x (ZRX) Current Live Value

0x (ZRX)

0x (ZRX) is a cryptocurrency and decentralized exchange protocol that allows for the fast, cheap and efficient transfer of digital currencies that operate on the Ethereum blockchain. 0x goes beyond most other decentralized exchange efforts by taking a large portion of the transactions 'off-chain', which means that only essential data is being processed and stored on the blockchain. This allow for a more efficient central blockchain, while non-critical information is processed on sidechains. ZRX is the coin that is used to pay for transaction costs on the network, providing priority for those who are willing to pay more to process their transactions.

0x was launched just prior to the crypto boom and bust of 2018, so the value of 0x has been largely determined by this event. However, the coin managed to maintain elevated levels for a much longer period compared to most other digital currencies. That said, it eventually declined slowly back down to around the same price level that it was at launch. It is now a top 50 cryptocurrency by overall market cap.

0x operates on a simple sender/receiver confirmation process, which allows most of the transaction data to be stored on sidechains and only the most critical information to take up space on the main blockchain. While not claiming to be the absolute fastest decentralized exchange platform, it does aim to eventually drive transaction costs close to zero.