Binance Launches Zero-Knowledge Checks for 1:1 Reserve Backing

Binance has launched zero-knowledge proof verification for its latest proof-of-reserves (PoR) snapshot, giving users a way to check whether account balances on the exchange have at least 1:1 reserve backing. The verification applies to each user’s own assets, Binance said. At a 1:1 ratio, the reserves backing an account balance are at least equal to the balance being checked. Binance said the new proof lets customers confirm that relationship directly. The release follows the exchange’s Nov. 4 update on the seventh stage of recovery work tied to a security incident.

Source: TokenPost