Our Proof-of-Reserves just got an update. We have now increased the number of tokens we cover by 11, to a total of 24. Find out more about our Proof-of-Reserves and this recent update with the blog below.
Introduced in late 2022 as part of a wider effort to provide users with greater transparency, Binance’s proof-of-reserves system uses Merkle trees to add up on-chain data, so that users can rest easy knowing that their assets are held for them 1:1 in our custody.
In February 2023, we made a major update to our PoR system, implementing zk-SNARKs, zero-knowledge protocols that increase the privacy and security of user data during the verification process.
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