• 0x Labs has launched a new transaction relay API built for Polygon and Ethereum.
• The API is designed to create a more streamlined experience for developers who are looking to build frictionless crypto experiences.
• 0x’s Tx Relay API allows users to switch between different networks while still maintaining their original asset balance and amount of value held in their originating wallet.

Introduction

0x Labs, the blockchain development team behind 0x Protocol, has launched a new transaction relay API built for Polygon and Ethereum. According to 0x Labs, the transaction relay API (application program interface) is designed to create a more streamlined experience for developers who are looking to build frictionless crypto experiences.

Problems with Web3

For the most part of its early innovations, Web3 has required users to hold and maintain a certain amount of balance from a specific chain’s native token, a prerequisite that has often been recognized as a barrier of entry for users trying out different blockchains.

Solution with 0x’s Tx Relay API

With 0x’ Tx Relay API, the requirement can be dissolved, allowing users to directly enter a chain’s configuration without needing to have some balance to initialize transactions. The new Tx Relay API seeks to address this problem by providing developers and users with options to quickly and securely execute transactions between various networks. The service allows users to switch between different networks while still maintaining their original asset balance and amount of value held in their originating wallet. Without requiring another layer for operation, the Tx Relay API processes approvals, allowances, and swaps, thereby lessening the steps for a user to actually make use of a network’s utilities, with all other auxiliary processes abstracted into the contract’s backend.

Benefits

This means that someone who is, for example, a beginner in Web3, could straight out hit the ground running and gain more knowledge of how these ecosystems work together. What this relay interface implies for the blockchain space is that it sets a new level of interoperability with more ease of use across varying use cases in Web3 such as adoption & scale which opens up opportunities for users..

Partnership With Robinhood Wallet

0x Labs says that they have partnered with Robinhood Wallet which is one of the more popular e-wallets with secured crypto integration .In collaboration with Robinhood Wallet ,0X Labs strives make inter-chain transactions effortless & easily accessible .Having access multiple blockchains from single platform would give user capacity interact variety crypto projects across different chains in easy & straightforward manner improving usability & scalability .