10 seconds ago | 2 mins read Exchange News This method enables Binance to demonstrate the status of its assets. The upgrade should greatly increase the safety and openness of the verification procedur...
Tag: zkSNARKs
Binance upgrades proof-of-reserves verification to include zk-SNARKs
On Feb 10, cryptocurrency exchange Binance announced a major upgrade to its proof-of-reserves verification system, saying it would now incorporate zk-SNARKs — a cutting-edge technology Binance reports...
Binance Upgrades Proof of Reserves Privacy With Zk-SNARKs
Binance announced that it would introduce zero-knowledge proofs to improve the quality of its Proof of Reserves report. Zk-SNARKs will allow Binance users to securely and privately confirm nonnegative...
Binance Aims to Improve Proof-of-Reserve System With zk-SNARKs
Binance said earlier today it had introduced zk-SNARKs to its proof-of-reserve system in an attempt to make it easier for users and other entities to verify its solvency. Additionally, the exchange ha...
Binance deploys zk-SNARKs on proof-of-reserves system
Binance, the biggest centralized cryptocurrency exchange by volume, has added zk-SNARKs’ zero-knowledge proof system to its proof-of-reserves (PoR) verification system to attest that funds held ...
Ethereum (ETH), Cosmos’ IBC Can Be Bridged Through ZK-SNARKS, Here’s How
Vladislav Sopov Ethereum (ETH) developers Garvit Goel and Jinank Jain propose revolutionary tech design set to advance Ethereum/Cosmos interoperability Contents Here’s how Ethereum-IBC interacti...
zk-STARKs vs. zk-SNARKs explained
zk-STARKs are one of the two transparent and scalable privacy-enhancing methods. The public availability of the randomness utilized by the verifier negates the need for a trusted setup. But, what does...
zkSNARKS Are Adding More Privacy And Scalability To Blockchain Networks
The need for privacy in DeFi and Web3 is a growing concern. In the current system, all transactions are recorded and stored in distributed public ledgers, making it easy for anyone to view a person’s ...