Binance Tightens Security With Zero-Knowledge Proof Upgrade

Binance, the world’s largest crypto exchange by volume, has continued to deploy new measures to strengthen security on its exchange after it suffered the biggest cyberattack ever seen in the history of crypto late last month. In a bid to foster transparency and regain its users' trust, Binance has just announced the completion of a major upgrade to further strengthen its security. In an announcement shared on November 14, Binance said that it has generated a new zero-knowledge proof for its Proof of Reserves (PoR) system. According to Binance, the upgrade allows users to independently verify that it holds sufficient assets to cover their account balances on a 1:1 basis.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to U.Today.