Market panic sentiment continues to spread, with the crypto market sentiment index only at 27 points. At this moment, the most tormenting question isn't price fluctuations, but the old adage—are my assets truly safe?
Recently, a technological breakthrough may change this situation. Security audit firm Primus Labs and the project team Succinct Labs have jointly launched a reserve proof scheme based on zero-knowledge proofs (ZK). It sounds very academic, but it's essentially a cryptography-level "self-innocence" verification system.
How to understand this? Traditional exchange audits rely on submitting reports, and users can only choose to trust or not trust. The new scheme is different—platforms use mathematics and cryptography to prove their asset reserves to the world in real-time. The core technologies include two parts: zkTLS, responsible for securely obtaining off-chain bank account data and on-chain wallet information, with complete privacy protection during the process; and SP1, used for efficiently verifying large-scale computations. The final result is that the platform can automatically and transparently demonstrate to everyone: "My on-chain and off-chain assets fully cover user deposits, with no discrepancies."
@@@This has significant implications for the current market. If mainstream exchanges dare to publicly verify reserves using this technology, panic withdrawals and various FUD (fear, uncertainty, doubt) will be greatly reduced. Trust is no longer just a verbal promise but a verifiable mathematical proof.
From a technical perspective, this is a breakthrough application of cryptography in real-world scenarios. From a user perspective, it means that assets stored on CEXs are backed by an additional layer of reliable assurance.
What do you think? Which exchange will be the first to adopt this scheme? If it really becomes widespread, would you be more willing to store assets on centralized exchanges? Share your thoughts.
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rekt_but_not_broke
· 12-20 09:00
Sounds good, but honestly I still trust my cold wallet more... CEX has too many tricks.
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ShibaSunglasses
· 12-20 08:58
Sounds good, but I still don't quite trust exchanges. No matter how much mathematical proof there is, it can't withstand their attempts to cause trouble.
Market panic sentiment continues to spread, with the crypto market sentiment index only at 27 points. At this moment, the most tormenting question isn't price fluctuations, but the old adage—are my assets truly safe?
Recently, a technological breakthrough may change this situation. Security audit firm Primus Labs and the project team Succinct Labs have jointly launched a reserve proof scheme based on zero-knowledge proofs (ZK). It sounds very academic, but it's essentially a cryptography-level "self-innocence" verification system.
How to understand this? Traditional exchange audits rely on submitting reports, and users can only choose to trust or not trust. The new scheme is different—platforms use mathematics and cryptography to prove their asset reserves to the world in real-time. The core technologies include two parts: zkTLS, responsible for securely obtaining off-chain bank account data and on-chain wallet information, with complete privacy protection during the process; and SP1, used for efficiently verifying large-scale computations. The final result is that the platform can automatically and transparently demonstrate to everyone: "My on-chain and off-chain assets fully cover user deposits, with no discrepancies."
@@@This has significant implications for the current market. If mainstream exchanges dare to publicly verify reserves using this technology, panic withdrawals and various FUD (fear, uncertainty, doubt) will be greatly reduced. Trust is no longer just a verbal promise but a verifiable mathematical proof.
From a technical perspective, this is a breakthrough application of cryptography in real-world scenarios. From a user perspective, it means that assets stored on CEXs are backed by an additional layer of reliable assurance.
What do you think? Which exchange will be the first to adopt this scheme? If it really becomes widespread, would you be more willing to store assets on centralized exchanges? Share your thoughts.