OKX Releases Fifth Proof of Reserves, Commits to Ongoing Upgrades
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OKX Releases Fifth Proof of Reserves, Commits to Ongoing Upgrades
OKX has officially released its fifth Proof of Reserves (PoR) report today, continuing its monthly publication. The reserve ratios for BTC, ETH, and USDT all exceed 100%, reaching 103%, 103%, and 102% respectively. In addition to maintaining 100% clean reserves, OKX is currently the only exchange that simultaneously provides open-source verification of Merkle trees, wallet address ownership, and on-chain assets. Previously, OKX announced plans to upgrade its Proof of Reserves in the coming months by adopting technologies such as Full Merkle Trees and Zero-Knowledge Proofs to demonstrate solvency.
Navigating Web3 tides with focused insightsTechFlow news, on March 21, according to an official announcement, OKX has released its fifth Proof of Reserves (PoR) report today, continuing its monthly publication of reserve transparency reports. The reserve ratios for BTC, ETH, and USDT all exceed 100%, reaching 103%, 103%, and 102% respectively.
It is understood that apart from maintaining 100% clean reserves, OKX is currently the only exchange that simultaneously provides open-source verification of Merkle trees, wallet address ownership, and on-chain assets.
Previously, OKX announced plans to upgrade its Proof of Reserves over the coming months by adopting Full-Scale Merkle Trees and zero-knowledge proofs to demonstrate solvency. The Full-Scale Merkle Tree will allow users to directly download and verify the completeness and accuracy of the total user assets published by the exchange.Original link
