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0x (ZRX) stands for "Zero Exchange" and is a protocol on which decentralized exchanges can be made using blockchain technology. This protocol is built on the Ethereum blockchain, making it directly applicable for all ERC20 tokens. 0x has chosen to build a protocol so that the technology can be used by several decentralized exchanges. 0x tries to promote the switch to decentralized exchanges. In addition, 0x ensures that all decentralized exchanges that are built on the 0x protocol share the liquidity with each other. In this way, more demand and supply are created on decentralized exchanges, which is often still a problem to date.
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