0x white paper

0x Whitepaper overview

0x is an open protocol for decentralized exchange on the Ethereum blockchain.
We describe a protocol that facilitates low friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain. The protocol is intended to serve as an open standard and common building block, driving interoperability among decentralized applications (dApps) that incorporate exchange functionality. Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use and that any dApp can hook into.

DApps built on top of the protocol can access public liquidity pools or create their own liquidity pool and charge transaction fees on the resulting volume. The protocol is unopinionated: it does not impose costs on its users or arbitrarily extract value from one group of users to benefit another. Decentralized governance is used to continuously and securely integrate updates into the base protocol without disrupting dApps or end users.

Moreover, the 0x protocol is strategically positioned to drive the adoption of tokenized assets in the broader economy. As the digital economy grows, the ability to trade and exchange tokenized assets seamlessly will be crucial in unlocking new markets and opportunities. The protocol’s flexibility allows developers to build customized solutions for various industries, from finance to gaming, that require secure and efficient asset exchange. By enabling this fluid exchange of value, 0x is laying the groundwork for a more decentralized, efficient, and inclusive financial system, making it an essential infrastructure in the evolution of the crypto economy.

0x aims to creating a tokenized world where all value can flow freely.
0x is an important infrastructure for the emerging crypto economy and enables markets to be created that couldn’t have existed before. As more assets become tokenized, public blockchains provide the opportunity to establish a new financial stack that is more efficient, transparent, and equitable than any system in the past.

0x Whitepaper pdf
0x_white_paper