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As a trusted exchange with 13 million users, Gate.io understands the importance of fund security. In May 2020, Gate.io became one of the earliest exchanges to implement Proof of Reserves and has since been a leader in this field. Following the FTX incident, Proof of Reserves has gained significant attention as a solution. Now, Gate.io is pleased to announce a major upgrade to 100% proof of reserves, utilizing zk-SNARK technology to enhance privacy, transparency, and authenticity, further safeguarding user funds.

This article provides basic information and principles of zk-SNARKs and zk-STARKs, as well as a comparison of their respective advantages and disadvantages.

This article is dedicated to providing a quick overview of what defines "web3 social," including types of projects, key roles, dominant narratives, etc., ensuring a comprehensive understanding of the content we are focused on.