On October 31st, OKX released its 24th reserve certificate, marking OKX as the first cryptocurrency exchange in the industry to achieve the second anniversary of POR release. During these two years, OKX has consistently released PoRs on a monthly basis, with a reserve ratio exceeding 100% for 24 consecutive months. The number of publicly disclosed currencies has increased from 3 to 22, and the PoR system has been continuously upgraded through technologies such as Merkle tree, panoramic Merkle tree, and zk STARK, achieving multiple milestones. Recently, OKX POR has also completed an efficiency upgrade, reducing the size of the proof file used for user verification from 2.55GB to 598KB.

According to the 24th POR report of OKX, the reserve ratios of BTC, ETH, USDT, and USDC are 104%, 102%, 106%, and 100% respectively, with a total value of 20.3 billion US dollars. Under the premise of protecting privacy, users can independently verify the solvency of Ouyi OKX at any time, which has been rated as the highest level of PoR quality representing mainstream exchanges by memory blockchain expert Nic Carter.

details

This article is provided by the official and does not represent the position or investment advice of our website. Readers must make their own careful evaluations.