OKX PoR 2nd Anniversary: Committed to monthly releases, reserve ratio has exceeded 100% for 24 consecutive months.

Nov 2, 2024#web3 #okx89

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On October 31, OKX released its 24th proof of reserves (PoR), marking two years since it became the first crypto exchange to achieve this milestone. Over the past two years, OKX has consistently published monthly PoR reports, maintaining a reserve ratio above 100% for 24 consecutive months and increasing the number of supported currencies from 3 to 22. The PoR system has been upgraded using technologies like Merkle trees and zk-STARK, achieving significant milestones. Recently, the efficiency of the PoR was improved, reducing the proof document size from 2.55GB to 598KB. According to the latest report, the reserve ratios for BTC, ETH, USDT, and USDC are 104%, 102%, 106%, and 100%, respectively, totaling a value of $20.3 billion. Users can independently verify OKX's solvency while maintaining privacy, with blockchain expert Nic Carter recognizing it as a high standard for mainstream exchanges' PoR quality.

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On October 31, OKX released the 24th Proof of Reserves (PoR), marking OKX as the first cryptocurrency exchange in the industry to reach the two-year anniversary of PoR publication. During these two years, OKX has consistently published PoR monthly, with the reserve ratio exceeding 100% for 24 consecutive months, and the number of publicly listed currencies increasing from 3 to 22. The PoR system has been continuously upgraded through technologies such as Merkle trees, full Merkle trees, and zk-STARK, achieving multiple milestones. Recently, OKX's PoR also completed an efficiency upgrade, reducing the proof document size used for user verification from 2.55GB to 598KB.

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