According to Binance’s announcement, in order 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 enhance 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.

Changpeng Zhao (CZ), founder and CEO of Binance, said, “Binance continues to work hard to improve transparency. Deploying zk-SNARKs in the Proof of Reserve (PoR) system originated from the idea of ​​Ethereum founder Vitalik Buterin. We have now implemented it and continue to build on it.”