Are 0x relayers using ZRX  Yes and no - The Block Are 0x relayers using ZRX Yes and no - The Block
Coinbase recently started trading of 0x's ZRX to the surprise of many. ZRX was Coinbase's first ERC-20 token and is relatively new compared to other crypto assets in the space.  While 0x has established itself as part of the core infrastructure for building out Ethereums decentralized finance ecosystem, the utility of its native token ZRX is debatable. The 0x white paper outlined two core use cases of the ZRX token (1) governance and (2) transaction fees. The theory follows that because relayers built on ZRX have an interest in the development of the protocol, they will acquire ZRX to have some influence on its development. Relayers are middlemen who match buyers and sellers off the Ethereum blockchain, to avoid the costs and bloat associated with on-chain transactions. This article was first seen by us on January 08, 2019 9:59 PM. Share this content on social media: You may want to visit www.theblockcrypto.com for more similar content.   Log In to Comment

Relayers Archives - The Block Relayers Archives - The Block
© 2019 The Block. All Rights Reserved. This information was found by us on January 08, 2019 9:58 PM. Share this content on social media: Have a look at www.theblockcrypto.com for more.   Log In to Comment


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