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Compound 0x priceCZRX
Compound 0x price live data summary
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About Compound 0x (CZRX)
Cryptocurrency Compound 0x, often referred to as simply "0x," is an open-source protocol that facilitates decentralized exchanges on the Ethereum blockchain. Launched in 2016, 0x has gained significant attention in the cryptocurrency space due to its unique features and potential to revolutionize the way digital assets are traded. One of the key features of 0x is its ability to enable trustless and peer-to-peer exchanges directly on the Ethereum blockchain. This means that users can trade different ERC-20 tokens without the need for an intermediary, such as a centralized exchange. By eliminating the middleman, 0x aims to increase transparency, reduce costs, and enhance security in cryptocurrency trading. Another crucial aspect of 0x is its focus on interoperability. The protocol is designed to be compatible with other decentralized applications (DApps) and smart contracts, allowing developers to integrate it seamlessly into their projects. This interoperability opens up a world of possibilities for building decentralized exchanges and other decentralized financial applications. 0x operates through a system of smart contracts known as "relayers," which serve as decentralized marketplaces for token trading. These relayers host order books and facilitate the matching and execution of trades. Users can select different relayers based on their preferences, such as fees, liquidity, or supported tokens, providing them with a choice and flexibility in their trading experience. Furthermore, 0x incorporates the concept of "off-chain orders" to improve efficiency and scalability. Instead of executing every trade directly on the Ethereum blockchain, orders can be signed and broadcasted off-chain, only settling on-chain when the trade is finalized. This approach reduces network congestion and fees while maintaining the security and trustlessness of on-chain settlements. 0x also introduces the idea of "0x API," which enables developers to access liquidity from multiple relayers simultaneously. This feature enhances the user experience by providing the best possible prices and ensuring order execution even during periods of high volatility or low liquidity. The native token of the 0x protocol is called ZRX, and it plays a vital role in the ecosystem. ZRX holders have the right to participate in the governance of the protocol, with voting power to shape its future developments and upgrades. Additionally, ZRX tokens are used for paying transaction fees on the 0x network. In conclusion, Compound 0x is a decentralized protocol that enables trustless peer-to-peer trading of ERC-20 tokens on the Ethereum blockchain. With its focus on interoperability, off-chain orders, and multiple relayers, 0x aims to revolutionize the decentralized exchange landscape. The native token ZRX adds governance and utility to the ecosystem, making it a significant player in the evolving world of cryptocurrencies.
Compound 0x Social Data
In the last 24 hours, the social media sentiment score for Compound 0x was 3, and the social media sentiment towards Compound 0x price trend was Bullish. The overall Compound 0x social media score was 0, which ranks 3449 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Compound 0x being mentioned with a frequency ratio of 0%, ranking 3448 among all cryptocurrencies.
In the last 24 hours, there were a total of 1 unique users discussing Compound 0x, with a total of Compound 0x mentions of 0. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has decrease by 0%.
On Twitter, there were a total of 0 tweets mentioning Compound 0x in the last 24 hours. Among them, 0% are bullish on Compound 0x, 0% are bearish on Compound 0x, and 100% are neutral on Compound 0x.
On Reddit, there were 1 posts mentioning Compound 0x in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
All social overview
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