When we speak of verification, we may refer to:
Verifying sequenced transactions received from the Master Sequencer to ensure proper ordering.
Verifying transactions received from users (e.g., open orders) before execution in Zex AVS.
Once Zellular Clients receive a batch of sequenced transactions, verification is performed using a . This cryptographic method ensures that all transactions are correctly included in the sequence and have not been altered.
For a deeper understanding of this verification process, please refer to the .
In addition to sequence verification, we need a mechanism to verify and validate transactions to ensure they originate from legitimate sources. This verification process occurs within Zex AVS before execution.
To fully understand this verification flow, we must first elaborate on the internal structure of Zex AVS. In the following pages, we will:
Explain how a Centralized Exchange (CEX) operates, focusing on its order book, matching engine, and custodial control over user funds.
Illustrate how Zex enhances and improves the conventional CEX architecture, integrating decentralization while maintaining efficiency and high performance.
These topics will be covered in detail in the .