Binance, ee vun de gréisste Krypto-Austausch vun der Welt, huet säi Beweis vu Reserven (PoR) System aktualiséiert fir 11 nei Tokens ze enthalen. Dës enthalen Mask Network (Mask), Dogecoin (DOGE), Curve DAO Token (VRC), 1 Zoll (1iNCH), a méi.
Laut dem 7. Mäerz Aktualiséierung, Binance's PoR System reflektéiert elo d'Reserven déi fir déi addéiert nei Tokens zousätzlech zu den 13 virdru bäigefüügt ginn. D'total Reserven fir déi 24 Verméigen op Binance iwwerschratt $63 Milliarde vum 1. Mäerz.
USD Coin (USDC) hat den héchste Reserveverhältnis bei 54,90.54%. Binance huet $ 3.55 Milliarde Wäert vun USDC gehal, während d'Benotzer en Nettobalance vun $ 64.7 Millioune Wäert vun Verméigen hunn.
Binance USD (BUSD) hat den zweethéchste Reserveverhältnis bei 128.81%, während BNB (BNB) op enger zweeter Sekonn op 123.85% gefollegt ass.
Bitcoin (BTC) and Ethereum (ETH) of Binance customers are collateralized at just above 101% each. Binance holds 4.47 million ETH, and its BTC holdings stood at around 556,000 tokens.
Binance claims to have all user funds collateralized with at least a 1:1 ratio in addition to more reserves.
Binance’s attempt to gain user trust
After the FTX fallout, the whole crypto community asked for more transparency from exchanges on how user assets are stored and protected. So Binance became one of the first exchanges to publish PoR in late November 2022.
Binance’s PoR system uses Merkle trees to add up on-chain data so users can verify that their assets are safe in the exchange’s custody.
Leschte Mount, Binance aktualiséiert the PoR system to incorporate zk-SNARKs, zero-knowledge protocols that increase the privacy and security of user data during the verification process. The zk-SNARK verification process makes Binance’s proof of reserves more transparent, verifiable, and less prone to tampering, the exchange claims.
The update was in line with Ethereum co-founder Vitalik Buterin’s suggestion on making centralized exchanges more safe and trustless. Binance also made its PoR system code open-source.
Source: https://cryptoslate.com/binances-por-system-shows-over-63b-in-reserves-backing-24-assets/