Backpack exchange launches real-time Proof of Reserves, published daily and verified by ZK.

Odaily News Backpack exchange announced the official launch of the real-time Proof of Reserves constructed and verified by OtterSec, and committed to daily public disclosure. The system is based on zk-SNARKs technology, covering Spot, Margin, and unrealized PNL, allowing users to verify their account balance through Merkle trees without exposing privacy. Compared to the industry-standard monthly disclosures, Backpack achieves daily public disclosure and internal verification every 10 minutes, and in the future, it will gradually achieve complete public access to code and data, providing on-chain verifiability for centralized exchanges.

ZK-1.83%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)