TechFlow news: According to an official announcement, Huobi HTX has announced an upgrade to its 100% Proof of Reserves mechanism by adopting zero-knowledge proof technology, enabling users to verify asset security without exposing sensitive information.
As one of the earliest exchanges in the industry to implement Proof of Reserves, Huobi HTX has been conducting regular monthly Merkle tree-based reserve audits since the end of 2022 and publicly disclosing the results, ensuring users can safely deposit and withdraw assets anytime, in full amounts. Recently, following its Merkle tree-based Proof of Reserves approach, Huobi HTX has upgraded to a new ZK (zero-knowledge) version of Proof of Reserves, creating a more secure and privacy-preserving digital asset trading environment for its users.
