Gate.io Implements Zero-Knowledge Tech in New Proof of Reserves Method
Cryptocurrency exchange Gate.io has announced that it has implemented zero-knowledge technology into its new “proof of reserves” method. This system is designed to allow users to check with the exchange to ensure that the funds they have deposited are properly held in full. The zero-knowledge technology will allow the exchange to verify that these funds exist without actually revealing any confidential information about the user’s account. This could help to improve the trustworthiness of the system and build confidence in the security of the platform.