FAQ
How does 0x work?
0x operates as a decentralized protocol that enables peer-to-peer trading of digital assets using both off-chain and on-chain components. Makers create orders off-chain, which are relayed via relayers to takers who settle the trade on-chain through smart contracts, ensuring secure and efficient transactions. This hybrid approach reduces gas fees and provides users with access to aggregated liquidity from over 130 sources across multiple blockchains.
Is 0x a secure platform?
Yes, 0x prioritizes security by employing audited smart contracts, advanced encryption, and continuous monitoring to safeguard transactions. It also features a governance model with a Security Council that can veto malicious proposals or rollback features if necessary, ensuring the integrity of the protocol. By combining these measures with decentralized infrastructure, 0x offers a robust and reliable platform for trading digital assets.
How to use 0x?
Users can interact with 0x through decentralized applications (dApps) that integrate its APIs, such as Swap API for token swaps or NFT Swap SDK for trading NFTs. To trade, users approve the 0x smart contract to access their tokens, create or fill orders via relayers, and finalize transactions on-chain. Developers can also build custom applications using 0x’s open infrastructure to embed seamless trading functionalities into their platforms.
What services does 0x offer?
0x provides a suite of services including liquidity aggregation through its Swap API, limit order creation via the Orderbook API, and NFT trading using its NFT Swap SDK. It also powers Matcha, a DEX aggregator that ensures users get the most favorable trade execution across multiple exchanges. These tools allow developers and users to access tokenized assets efficiently while minimizing costs and optimizing transaction execution.
