Binance exchange updated the procedure for confirming reserves (Proof-of-Reserves, PoR) starts integration zk-SNARK.
Our team made some upgrades to the #Binance Proof of Reserves (PoR) verification system this week.
🧵 Here’s a thread to summarize the updates. pic.twitter.com/TGFg4Q5WMu
— Binance (@binance) February 10, 2023
The following assets are available for verification: BTC, ETH, BNB, USDT, BUSD, USDC, LTC, XRP, SOL, LINK, CHZ, DOT and SHIB.
Koristuvachі can change, that the global balance of the skin appearance record is not zero, but all actives are part of the declared Binance net balance of client’s expenses.
The team announced the expansion of the range of coins, the collection of which is verified with the help of Proof-of-Reserves.
The PoR code is open for reference. Binance explained their task of securing a high level of transparency for the ability to use and create a mind for other gravity fields to promote technology.
Representatives of the stock exchange check the voucher for a potential abbreviation of the procedure.
Context. Previously, initiatives in the sphere of confirmation of reserves were implemented bitget, Gate.io i Huobi.