To further enhance the transparency of user assets, Binance will deploy zk-SNARKs in its asset reserve proof system (PoR). zk-SNARKs is a zero-knowledge proof verification method that will improve the privacy and security of sensitive information.

In addition to the upgrade, the system also added support for four new tokens: SHIB, DOT, CHZ, and SOL, bringing the total number of the most popular verifiable token assets on the Binance platform to 13.

The system will be open sourced to increase transparency in the community and provide a reference for other industry players to adopt the technology.

Announcement: https://www.binancezh.jp/zh-CN/support/announcement/d8e1e2ed54d343c1b40bf812f0914236

Open source code: https://github.com/binance/zkmerkle-proof-of-solvency/

Community feedback: https://www.binance.com/zh-CN/my/user-support/feedback/entry

Proof of Reserves System: https://www.binance.com/en/proof-of-reserves