0x: an open protocol for trustless, low friction exchange of ERC20 tokens

0x: an open protocol for trustless, low friction exchange of ERC20 tokens

In the two years that have passed since the Ethereum blockchain’s genesis block, numerous decentralized applications (dApps) have created Ethereum smart contracts for peer-to-peer exchange. Rapid iteration and a lack of best practices have left the blockchain scattered with proprietary and application-specific implementations. As a result, end users are exposed to numerous smart contracts of varying quality and security, with unique configuration processes and learning curves, all of which implement the same functionality. This approach imposes unnecessary costs on the network by fragmenting end users according to the particular dApp each user happens to be using, destroying valuable network effects around liquidity. We present 0x: an open protocol and shared settlement layer for trustless, low friction exchange of ERC20 tokens.

Will Warren is Co-founder at 0x where he is developing public infrastructure for peer-to-peer exchange on the Ethereum blockchain. After receiving a B.S. in Mechanical Engineering from UC San Diego, Will worked as a graduate research assistant at Los Alamos National Laboratory conducting applied physics research. Will spent two years in UC San Diego’s Structural Engineering doctoral program before dropping out to pursue an interest in Ethereum full time.