- A new line of APIs launched by the blockchain infrastructure provider 0x
- New line 0x APIs to help crypto developers
0x is a protocol that allows Ethereum-based assets to be exchanged peer-to-peer (P2P). 0x labs developed protocol serves the developer requiring exchange abilities as an open standard and basic DeFi building component. 0x delivers secure, certified smart contracts, developer tools specialized to the 0x ecosystem, a decentralized worldwide P2P order book (0x Mesh), and an API with easy access to aggregated liquidity provided by an increasing number of exchange networks.
0x is an information provider which has recently rolled out a new line of APIs (application program interfaces) designed in such a way that will help the crypto developers with tools to build financial products that will help in a faster trading experience, improved prices, and better user experience as well.
According to the statement, the new project contains five APIs, which include “Swap API” which helps in connecting developers to more than 100 exchanges, and the “Tx Replay API” which facilitates transactions without gas expenses.
AN API is a method for two or more computer programs to communicate with one another. A software interface form that provides the services required by a program. An API specification is a document or standard that defines how to construct an interface. An API is said to be implemented or exposed by a computer system that meets his standard. Both, a specification and the implementation can be referred to as an API.
0x’s co-founder Will Warren explained on Thursday in an interview, regarding the announcement that this launch of APIs “represents a big shift for us”. Metamask, Robinhood Wallet, and Coinbase Wallet are the previously built retail-focused apps by 0x. With the inclusion of this new line of APIs and the new product the company now seems to be better equipped to provide professional-grade tools to the institutions.
0x, which was founded in 2017 with the objective of “creating a tokenized world where all value can freely flow,” envisions a world in which all kinds of value are tokenized on public blockchains. Fiat currencies, stocks, commodities, bonds, debt instruments, real estate, video game items, software licenses, digital collectibles, personal tokens, and much more are all included.
0x Labs aims to create a global financial system that is more efficient, transparent, and equitable than any system that has existed in the past by combining it with other freely-composable DeFi building blocks. The new line o APIs will give them an upper hand in creating financial tools which could make complex things easier for the developers and will also help to build quality financial products for crypto trading for the institutions.
DEX technology has been in an arms race constantly to provide better pricing. Warren added “Now there are a lot of different aggregators and Meta aggregators, providing the very best pricing and execution is always a challenge because the competition isn’t resting and neither are we”