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0x is an open-source platform for exchanging cryptocurrencies based on the Ethereum blockchain. Decentralized exchanges (DEXs), wallets, and marketplaces can all benefit from this technology.

What is Ox Protocol?

Built on top of the Ethereum blockchain, 0x is a peer-to-peer cryptocurrency exchange protocol that is open-source.

The Ethereum network, according to the team, will be used to tokenize all kinds of assets in the future. Instead of going through an expensive and time-consuming legal and escrow process when selling your home, you can use a smart contract to transfer ownership of the property to your buyer. Real estate is transformed into a liquid asset by eliminating the need for any intermediaries and speeding up the entire process.

Anyone can build their own decentralized exchange (DEX) on top of 0x and start charging for their services using the 0x Launch Kit. Banks around the world use SWIFT to communicate about fiat currency transfers, and the 0x protocol is a standard message format similar to that used by SWIFT.

An application programming interface known as the 0x API (application programming interface) was also released, which combines liquidity across the network and allows customers to exchange assets at higher prices at any time.

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