The Ocean is the premier 0x-based relayer and liquidity pool for trading ERC20 Ethereum-based tokens. We achieve low fees, high performance, trustless trading, and deep liquidity. The project was developed during 2016 and all its architecture was mounted on the Amazon Webservices cloud. We have a team of more than 30 people distributed all over the world.
Creating a trading platform at the peak of cryptocurrency require an extra effort for two main reasons:
In first place, technology is emerging, making it a necessity to deal with the constant evolution of the technical context and having even to create new projects fron scratch, or cooperate in community projects to be able to continue the path that needs to be followed.
The second challenge was fulfil the security needs to implement a digital bank assets with great value, that are prone to constant hacking, a simple backdoor could ruin the business. For example, the attack to platform Mt.Gox, was much talked-about because a loft of their users were taken their assets.
The objective was to create a decentralized cryptocurrency exchange capable of supporting millions of users concurrently with a higher level of security and better performance than the ones that already existed.
We were in charge of building the TheOcean client library that would be used in the web application and by traders that wanted to integrate it in other platforms or workflows. We also lead the front end development, and real time services.
The 0x protocol
0x is an open protocol that is designed to offer a decentralized exchange as part of the Ethereum blockchain. 0x is important infrastructure for the emerging crypto economy and enables markets to be created that couldn’t have existed before. As more assets become tokenized, public blockchains provide the opportunity to establish a new financial stack that is more efficient, transparent, and equitable than any system in the past.