A protocol for next generation (b)0x-standard relays.

bZx is a a decentralized margin lending protocol & liquidation oracle marketplace on the Ethereum blockchain platform. bZx is the world's first fully decentralized, peer-to-peer margin funding and trading protocol.

Advantages of bZx is a protocol that powers decentralized margin trading and can be built into any exchange: 

* Safer lending: All bZx loans are insured with the bZx guarantee fund. bZx pools loans together in a decentralized clearinghouse. Lenders can lend to a whole pool of people, averaging risk across many borrowers, allowing for a more predictable income stream.

* Cheaper trading: Transaction of bZx transaction transaction is better than at.
  - Minimal Risk: Whether you’re a lender or borrower, you stay in control of your keys. Never worry about exchanges getting hacked or stealing your funds.
  - Passive Income: Make money with the assets you already hold in your wallet without giving up control of them. Interest rates on margin loans are often much higher than traditional loans while being far safer.
 - Lower Fees: Traders on centralized exchanges pay higher interest rates to compensate lenders for the risk of the exchange getting hacked. Decentralized margin lending makes trading more affordable.
.
* Decentralized margin trading: The BZRX token is used by relays to collect trading fees. Token holders decide how to upgrade the bZx protocol. bZx makes decentralized exchanges practical.  bZx decentralized exchanges need functionalities like margin lending and clearinghouses. They makes these possible through trustless smart contracts.

* More liquidity: bZx will address two issues of exchange-level liquidity of trading floors:
 - Low liquidity means that there is a low volume of buyers and sellers. It is can result in worse prices or difficulties filling large orders.
 - Large spreads are caused by large gaps between bids and asks. It is imposes large costs for entering and exiting positions.
   They bridges centralized and decentralized liquidity pools using tokenized margin loans. With bZx’s Universal Liquidity, you get access to the entire margin lending market. This means less slippage and tighter spreads. It is means less slippage and tighter spreads.

How bZx works: Taking a long position involves a simple swapping of one asset for another.Taking a short position is more complicated. It is betting that something will go down over time. Them require escrow, leverage, and margin calls. Leveraged positions use the same mechanics as short positions, but with leveraged positions you’re able to borrow more than you have.

Roadmap of bZx:
- August 5, 2017: Whitepaper development begins.
- September 29, 2017: First Github commit in the protocol contracts code repository.
- Late Jan-Early Feb, 2018: bZx sponsors ETHDenver, attracting initial attention. bZx officially announces. “Welcome to bZx” published on Medium.
 - Feb 11, 2018: bZx officially releases the whitepaper after five months of concurrent coding development.
 - April 20, 2018: bZx protocol debuts its fully functional smart contracts onto the Ropsten Testnet.
- April 24, 2018: bZx portal and bZx.js library initial release.
- May 11, 2018: Security audits begin on the bZx protocol contracts.
- June-July, 2018: bZx launches full website. Closed beta mainnet release of the bZx protocol.
 - Late July-Early August, 2018: Mainnet release of bZx open to the public.

Token distribution:
Token of bZx: BZRX
 Total token released: 1,000,000,000 token
 Presale/Crowdsale: 500,000,000 USD
 Price at crowdsale: 0.73 usd/ token
 Presale hardcap:  7,300,000 USD
 Crowdsale hardcap: 29,200,000 USD
 Total hardcap:  36,500,000 USD

For more information about bZx and the bounty program, visit:
 Website: https://bZx.network
Telegram: https://t.me/b0xNet
Twitter: https://twitter.com/b0xNet 
Github: https://github.com/b0xNetwork
Email: hello@b0x.network

Disclaimer:
This article was created in exchange for a potential token reward through Bounty0x

This content publishing and intellectual rights of articlet freely over to: bZx
Writen by a member bounty0x  @bathu89