AI-generated summary
On October 31, OKX released its 24th proof of reserves (PoR), marking two years since it became the first crypto exchange to publish PoR. Over these two years, OKX has consistently published monthly PoR reports, maintaining a reserve ratio above 100% for 24 consecutive months and increasing the number of supported cryptocurrencies from 3 to 22. The PoR system has been upgraded using technologies like Merkle trees and zk-STARK, achieving significant milestones. Recently, the efficiency of the PoR was improved, reducing the proof document size from 2.55GB to 598KB. According to the latest report, the reserve ratios for BTC, ETH, USDT, and USDC are 104%, 102%, 106%, and 100%, respectively, with a total value of $20.3 billion. Users can independently verify OKX's solvency while maintaining privacy, and blockchain expert Nic Carter has praised the quality of OKX's PoR as the highest among mainstream exchanges.