OKX CEO Star: Self-custody is the future of the crypto industry

2023-10-31 14:59:31

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ChainCatcher news, Blockworks founder Yano tweeted that OKX has been continuously improving its proof of reserves method for a whole year, making it the most comprehensive proof of reserves program in the crypto space, which is impressive. OKX CEO Star promptly retweeted this post and stated, "I believe self-custody will be the future of the crypto industry. Cryptocurrency users do not need to trust any company, but rather trust decentralized technology."

Previously, OKX officially released the 12th proof of reserves on October 30, becoming the first exchange in the industry to reach the one-year milestone of POR. Over the past year, OKX has consistently published POR monthly, gradually increasing the number of publicly listed cryptocurrencies from 3 to 22, releasing over 220,000 public wallet addresses, maintaining a reserve ratio of over 100% for 12 consecutive months, and continuously upgrading the POR system through technologies such as Merkle trees, full Merkle trees, and zk-STARK, setting multiple milestones. Under the premise of protecting privacy, users can independently verify OKX's solvency at any time.

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OKX Star Proof of Reserves

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