Gate Implements PoSEC, Ensuring 104.58% Coverage of User Funds
Photo: Coinfomania
Gate's new Proof of Security covers 104.58% of user assets, enhancing trust in the platform. Here's why it matters. Gate has unveiled its new Proof of Security (PoSEC), claiming to cover 104.58% of user assets. This initiative aims to provide transparency on fund backing and storage locations, a critical aspect for user confidence in cryptocurrency platforms. As noted in a tweet by @cryptoquant_com, this could significantly enhance user trust and attract new users seeking secure trading options. The broader crypto market currently exhibits mixed signals, yet Gate’s announcement has generated considerable attention on social media.
Source: Coinfomania
