> For the complete documentation index, see [llms.txt](https://docs.zeta.markets/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.zeta.markets/zeta-x/zeta-x-litepaper/zx.md).

# ZX

ZX will be a Solana rollup built to scale the trading experience. Settlement and consensus (data availability) will exist on the native Solana L1, whilst execution will be handled by an off-chain zkVM compatible matching engine. While perpetuals trading remains our primary focus, ZX is designed with the flexibility to facilitate a broader range of functionalities found across today's DeFi applications such as borrow-lend and spot trading.

### Core Features

* **High Throughput**: Capable of processing up to 10,000 transactions per second (TPS).
* **Speed**: Latency will be competitive with leading platforms like Binance with soft-confirmations ranging between 3-5 milliseconds.
* **User Experience**: Seamless, one-click trading, eliminating the need for users to sign each transaction.
* **Capital Efficiency**: Supports trading with up to 50x leverage with multiple forms of collateral.
* **Proof of Reserves**: On-chain transparency of the funds held by the exchange smart contract at all times. 
* **Verifiability and transparency**: ZX blocks will be publicly available for full node access on Solana L1 and have a trustless verification and dispute process.
* **REST/Websocket API**: A developer experience on par with centralised venues.