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Proof of Reserves showed the assets are there. Now we’re asking where they sit.
Gate pioneered PoR. Today we’re launching Proof of Security (PoSEC), a new security standard for exchanges: publish how user funds are stored, and keep cold storage covering all user assets.
Our number: 104.58%. Even if every hot wallet asset were lost, cold storage alone covers all user assets.
We’d love to see more exchanges share theirs. Explore PoSEC: gate.com/proof-of-secur…
Gate pioneered PoR. Today we’re launching Proof of Security (PoSEC), a new security standard for exchanges: publish how user funds are stored, and keep cold storage covering all user assets.
Our number: 104.58%. Even if every hot wallet asset were lost, cold storage alone covers all user assets.
We’d love to see more exchanges share theirs. Explore PoSEC: gate.com/proof-of-secur…
INSIGHT: After the @Binance hack exposed the limits of Proof of Reserves, @Gate is pushing for something more: Proof of Security.View quoted post on X
Its new PoSEC standard asks a simple question, if hackers drained your entire hot wallet, would users still be covered?
Gate says yes, with cold storage at 104.58% of user assets.