OKX has integrated ZK-Starks, a type of zero-knowledge proof mechanism, with Proof of Reserves (PoR), which allows users to independently audit assets. while preserving the user’s sensitive personal information.
#OKX Proof of Reserves (PoR) is now powered by zero-knowledge (ZK) proof technology.
Our April PoR report offers industry-leading privacy protection via zk-STARKs and shows 100% reserve ratios for $BTC, $ETH, $USDT& 18 additional assets.
Verify: https://t.co/CDPCCaEuWg pic.twitter.com/DonPfh8nn3
— OKX (@okx) April 28, 2023
ZK-Stark (Zero-Knowledge Scalable Transparent Arguments of Knowledge) is a cryptographic mechanism. That claims to allow users to independently confirm the authenticity of the exchange’s reserves. without disclosing account balances to anyone else
Leveraging ZK-Stark technology, OKX’s Proof of Reserves (PoR) system will be a more privacy-focused verification of the exchange’s reserves for 21 crypto assets. OKX’s PoR requirements while maintaining user privacy — and account balances cannot be seen by others.”
As detailed in OKX’s latest PoR report, the total value of bitcoin, ether and tether reserves has increased.is $10.7 billion, an increase from $8.9 billionreported in March
refer : LINK
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