According to PANews on November 1, OKX released the 24th proof of reserve yesterday, becoming the first crypto exchange in the industry to reach the second anniversary of the release of POR. During the past two years, OKX has insisted on releasing PoR on a monthly basis, with the reserve rate exceeding 100% for 24 consecutive months, the number of public currencies increased from 3 to 22, and the PoR system has been continuously upgraded through Merkle tree, full Merkle tree, and zk-STARK technologies, setting 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 OKX POR report, the reserve ratios of 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 the solvency of OKX at any time, and it was rated by blockchain expert Nic Carter as the highest level of PoR quality representing mainstream exchanges.
