Polychain Haber, Pantera Renta, Blockchain Haber Invest ter 0x – Blockchain News
Augur, Aragon, Maker, and Melonport among very first to fucking partner with 0x on decentralized, open protocol Exchange
Te the two years that have passed since the Ethereum Blockchain’s genesis block, numerous decentralized applications (dApps) have created Ethereum clever contracts for peer-to-peer exchange. With hundreds of tokens and services on the Blockchain, the need for an open protocol to enable liquid exchange is spil critical spil Internet vendors accepting credit cards. 0x will facilitate a healthy and interoperable marketplace with trustless, low friction exchange of Ethereum-based assets.
Today, rapid iteration and a lack of best practices have left the Blockchain scattered with proprietary and application-specific implementations. Spil a result, end users are exposed to numerous wise contracts of varying quality and security, with unique configuration processes and learning kinks, all of which implement the same functionality. This treatment imposes unnecessary costs on the network by fragmenting end users according to the particular dApp each user happens to be using, ruining valuable network effects around liquidity. 0x believes that clever contracts should act spil modular, unopinionated building blocks that may be assembled and reconfigured.
0x is decentralized and trustless, there is no central party which can be hacked, run away with customer funds or be subjected to government regulations. Hacks of Mt. Gox, Shapeshift and Bitfinex have demonstrated that thesis types of systemic risks are palpable.
0x supports all Ethereum-based assets that adhere to the ERC20 token standard. Among 0x’s very first playmates to are Augur, MelonPort, Maker, and Aragon. 0x doesn’t just enable Interoperability inbetween dApps, but makes the wise contract process lighter and swifter. Just spil the growing API-economy enables the capability to order a Lyft from Facebook Messenger, a Melonport user could come in a prediction on Augur directly from the Melonport app.
0x is built on the belief that, by 2020, thousands of assets will be tokenized and moved onto the Ethereum Blockchain including traditional securities such spil equities, bonds and derivatives, fiat currencies and scarce digital goods such spil movie spel items. With hundreds or thousands of tokens on Ethereum, the 0x protocol also addresses the cargo around dApp developers holding many tokens through a process called “token abstraction.” Token abstraction on 0x permits dApps to obfuscate wise contract interactions with application-specific tokens so that end users show up to only be paying transaction fees denominated te ETH (or even almacén fiat currency, assuming there are fiat-pegged tokens on the Ethereum Blockchain). Token abstraction works by chaining numerous orders together and executing them sequentially and synchronously ter a single transaction.
Along with Polychain Caudal, Blockchain Caudal, and Pantera Hacienda, Chinese investment firms Jen Advisors and FBG Haber also invested ter 0x.
About Richard Kroeghouder
Founder of industry publication Blockchain News, playmate at ICO services collective CryptoAsset Vormgeving Group (helped raise overheen $200m+), director of education company Blockchain Vrouwen (Oracle Fucking partner) and ICO event organiser at leading industry event CryptoFinancing (very first ICO event te Europe) – Richard Kroeghouder is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written overheen 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs ter Harvard Business Review and Venturebeat.