0x Project (ZRX) Announces the Launch of Version 2.0
Will Warren, the co-founder of the 0x project announced on Monday that the Mainnet testing is complete and the next version is now live.
The new version was released after a year of development and multiple rounds of security audits by both internal and external teams according to their Blog. Will mentions “we are confident that this new system of Ethereum smart contracts is one of the most highly vetted systems on the Ethereum blockchain.”
The main use case of 0x till now has been the peer to peer exchange of ERC-20 tokens, trading platforms like Ethfinex, Paradex, Radar, etc have used the 0x protocol, a total of $300 Million has been traded on the platform so far.
The new version of the protocol includes a new architecture for smart contracts, support for new token standards like ERC-721, improvement in efficiency of order matching, support for new types of signatures, ability to create “filter contracts” for permissioned liquidity pools and much more.
0x protocol v2.0 is live!https://t.co/ZNroZY31FM
— 0x (@0xProject) September 24, 2018
Focus on Gaming?
The new version of 0x will be supporting non-fungible tokens (ERC-721 standard) which is a major use case for gaming. 0x is prioritizing the gaming use case for now as it could be a good use case for the Blockchain technology and could pave the way for the long-term vision of tokenizing the world.
A new game called ‘Gods Unchained’ announced that they will be building their player marketplace using 0x protocol which means that the users will be able to exchange NFT’s such as cards via 0x protocol eliminating the need for a central exchange.
Gods Unchained Tweeted:
It’s official – we’re building our player marketplace on the new 0x V2! Huge congratulations go out to the team over at @0xProject for this recent release. We're thankful for your significant contributions in building a tokenized world where all value can flow freely.
— Gods Unchained (@GodsUnchained) September 25, 2018
Recent developments and price action
Recently, David Sachs the former COO of Paypal joined 0x as an advisor. This development was a result of the partnership with Harbor which is backed by David.
0x (ZRX) is also being explored to be added to Coinbase along with 4 other tokens. If added, 0x will get an exposure to Millions of users of Coinbase.
ZRX is currently trading at $0.6 with a market cap of over $325 Million. It reached a high of $0.73 this week rallying all the way from $0.51.
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