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On October 31, Blockworks founder Yano posted on the X platform, stating that OKX has been continuously improving its Proof of Reserves (POR) mechanism throughout the year, making it a comprehensive and impressive initiative in the crypto space. OKX CEO Star subsequently retweeted this post and stated, "I believe that self-custody will be the future of the crypto industry. Cryptocurrency users do not need to trust any company but rather trust decentralized technology." In previous news, OKX officially launched its 12th POR on October 30, becoming the first exchange in the industry to complete the one-year milestone of POR. Over the past year, OKX has consistently released POR on a monthly basis, gradually increasing the number of publicly disclosed coins from 3 to 22, publishing more than 220,000 public wallet addresses, maintaining a reserve rate of over 100% for 12 consecutive months, and continuously upgrading the POR system with technologies such as Merkle Trees, Full View Merkle Trees, and zk-STARK, achieving multiple milestones. While protecting privacy, users can independently verify the solvency of OKX at any time. |
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Post time 4-11-2023 06:40:53