The best project under the version of Consensus 2017

0x is an open source protocol which enables p2p trading with ERC-20 tokens. This project appeared at the end of 2016 thanks to the efforts of Amir Bandeyli and Will Warren, while a test version was released in January 2017.

The project aims to ensure token trade without the participation of centralized structures - cryptocurrency exchanges. The 0x protocol allows you to create decentralized exchanges and applications that can communicate with each other through smart contracts.

On traditional cryptocurrency exchanges it is necessary to wait for a fairly long time before a new coin gets listed, whereas the 0x protocol allows you to start trading new ERC-20 tokens almost instantly after their creation.

However, the project has a disadvantage - low transaction speed in comparison with centralized exchanges, but this problem is being solved by the developers, so it can be stated with certainty that the 0x token price growth still has very high potential.

As of now this protocol is already using 19 decentralized exchanges and more than 20 decentralized applications. From the very beginning of its existence, all the crypto community appreciated the project and even awarded it with the title of the best project following the results of the "Consensus 2017" conference.

The project is supported by the largest investment crypto funds and has high prospects for development, because it is becoming clearer every day that the exchange of cryptocurrency assets should be carried out in a decentralized manner and the 0x protocol allows to solve this issue.

What do you think?