Published on May 18th, 2017 | by bitcoin0
Etherum Token trading decentralized today
But what’s going under the hood of the application, called 0x OTC, is about more than just creating a new way for token owners to trade, according to 0x advisor and Coinbase co-founder Fred Ehrsam.
What it does
0x OTC is designed to let counterparties exchange tokens built using the ERC20 token standard without the assistance of a centralized exchange.
At launch, users will be able to trade ERC20 ether tokens, MakerDao tokens, Melon tokens, 0x protocol tokens, Augur tokens, Digix DAO tokens and Golem Network tokens.
The need for interoperability
The release of 0x OTC marks an advance towards a more decentralized infrastructure for building cryptocurrency applications, according to Ehrsam.
Last month, Ehrsam penned an article about why he believes the decentralized application market stalled in 2014, just when he was expecting it would explode.