PANews reported on February 10 that Binance announced that it has adopted Vitalik Buterin's idea (using zk-SNARK technology) to upgrade its Proof of Reserve (PoR) verification system. This is a zero-knowledge verification method designed to make sensitive information more private and secure. In addition to the upgrade, the system also supports four new tokens: SHIB, DOT, CHZ, SOL, so far, the total number of verifiable asset tokens on Binance has reached 13. In the coming weeks, Binance will gradually support more token assets in the Proof of Reserve (PoR) system.

Earlier news, Vitalik talked about the security of centralized exchanges: using ZK-SNARKs to improve the trust of exchanges.

Related reading: Vitalik: How to build a safer centralized exchange?