San Francisco's blockchain company 0x and Israel's StarkWare reportedly entered into partnership targeting the creation of StarkDEX, which will enable decentralized crypto platforms process about 500 transactions per second.
As the company representatives commented, the new solution will be based on zero-knowledge proofs and is believed to promote the development of scalable non-custody trading services.
Notably, the technology is at the alpha stage now, so the developers will require months to become ready for mass implementation.
Meanwhile, the spokesperson of San Francisco's company commented that the exchange has processed transactions for $713,000 since it came into operation in 2017.
For reference, the analytical data showed that the decentralized platforms based similar protocol as 0x runs handles up to 3,100 deals per day. These figures are believed to be very low for the decentralized exchanges which make this segment low liquid.
Last summer, Bitmain, Polychain, Floodgate, Vitalik Buterin and Coinbase co-founder backed StarkWare investing $6 million in total. In late 2018 StarkWare managed to receive another $30 million funding from different investors including such market giants as Intel Capital, Sequoia, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund.