• The partnership will test a zero-knowledge proof solution called StarkDEX.
  • 0x has facilitated $713,000 worth of trades till date.

San Francisco-based decentralized exchange (DEX) startup 0x is partnering with the Israeli software-as-service company StarkWare to test a zero-knowledge proof solution called StarkDEX, which can process roughly 500 transactions per second. Zero-knowledge proof (ZKP) is a cryptographic solution championed by ZCash. It can be used to speed up a DEXs which have always been notoriously slow.

0x marketing lead Matt Taylor said:

”Our goal is that by the end of this year we’ll have this in production, on mainnet, so that people can actually use this technology. … We intend to have this be a core part of the 0x DEX stack.”

Taylor added that since its foundation in 2017, the company has facilitated $713,000 worth of trades. Presently, DEXs using 0x handle between a few hundred and roughly 3,100 trades a day. Commenting on these scalability challenges, StarkWare CEO Uri Kolodny said: 

“A marketplace where only three trades per second can be settled is a very illiquid market.”

Kolodny concedes that it will take months before this alpha test leads to a professional service for 0x relayers and other blockchain companies. StarkWare attracted investment from ConsenSys Ventures like Vitalik Buterin and the Zcash company. Taylor also revealed that 0x plans to use StarkDEX solutions to “scale our infrastructure as well as the infrastructure for the rest of the crypto economy.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Opportunity in Bitcoin for bargain hunters

First, the strong bullish move yesterday by Bitcoin, which gained more than $1,000 in 60 minutes. The movement has placed the BTC/USD pair above all major moving averages and opens the door to further rises in the absence of relevant resistance.

More Bitcoin News

Ripple’s XRP recovery from April lows marks the beginning to breakout

Ripple has dived massively from the recent highs. The breakout above both the 50 Simple Moving Average (SMA) 1-D and the 100 SMA 1-D propelled XRP past critical hurdles. For the first in 2019, the price exchanged hands above $0.5. 

More Ripple News

Litecoin market overview: LTC/USD oversold and ready to bounce

Litecoin is showing signs of exhaustion from the downtrend experienced from the beginning of July. Recovery to June highs around $146 has been impossible with the path of least resistance having an affinity to the south.

More Litecoin News

Ethereum 2.0 January 3, 2020 launch date remains unconfirmed

The Ethereum ecosystem is preparing for what is known as the biggest milestone for the network, Ethereum 2.0. The new protocol is still in the development stages and researchers have recently told the community that it is possible that there will be a delay in the launch.

More Ethereum News

Bitcoin Weekly Forecast: bulls lick wounds after major sell-off

The cryptocurrency market has lived through a dreadful week as Bitcoin(BTC), and all major altcoins crashed below several important support levels. 

Read the weekly forecast

BTC

ETH

XRP