Ouyi OKX Upgrades Reserve Certification System with zk STARK Encryption Technology

According to the announcement, Ouyi OKX officially upgraded the reserve certification POR system, becoming the first transaction platform in the industry to use zk STARK (zero knowledge extensible transparent knowledge demonstration) encryption certification technology in the reserve certification system, and simultaneously open source the system. This technology is developed from the theory of V God and aims to ensure the integrity and privacy of computing through blockchain. OKX has added three conditions: total balance constraint, non negative constraint, and inclusion constraint to ensure the accuracy and effectiveness of user asset data held by the certification platform, continuously leading the industry’s transparency standards.

Ouyi OKX Upgrades POR System through zk STARK Technology

Introduction

Ouyi OKX has announced the official launch of its upgraded reserve certification POR system. The platform has become the first transaction platform to incorporate zk STARK encryption certification technology in its reserve certification system. Simultaneously, Ouyi OKX has made the system open source.

What is zk STARK encryption certification technology?

Zk STARK encryption certification technology is a privacy-centric method of ensuring the integrity of computing through blockchain technology. Developed from the theory of V God, this technology aims to maintain the privacy and confidentiality of user data. By using the zk STARK encryption certification technology, Ouyi OKX ensures that the user data held by the certification platform is accurate and effective, leading the industry in transparency standards.

The Three Conditions Added by OKX

To ensure the accuracy and effectiveness of user asset data held by the certification platform, Ouyi OKX has added three constraints:
1. Total Balance Constraint: This constraint ensures that the sum of all the user’s assets is equal to the total that is held by the certification platform.
2. Non-Negative Constraint: This constraint ensures that the user’s total assets are always non-negative.
3. Inclusion Constraint: This constraint ensures that the user’s assets and liabilities are accurately reflected in the certification data.

Why is zk STARK Encryption important for Ouyi OKX?

As Ouyi OKX expands, it is vital to make sure that users’ funds are protected from any fraudulent activities. Incorporating the zk STARK encryption certification technology ensures that the user data held by the certification platform is accurate and secure, improving the transparency and security of the platform.

The Advantages of Using the Ouyi OKX Reservation Certification POR System

The Ouyi OKX Reservation Certification POR (Proof of Reservation) system allows users to deposit digital assets as reserves, which can be used for future transactions. The system is fully automated, making it more comfortable for users to deposit, withdraw, or transfer their funds. The POR system also provides users with different investment plans, allowing users to earn interest while their digital assets are held in reserve.

Conclusion

In summary, incorporation of the zk STARK Encryption Certification Technology improves the accuracy, transparency, and security of user data held by the certification platform. With the addition of three constraints, the Ouyi OKX Reservation Certification POR system ensures that user assets are correctly reflected in the certification data. Additionally, the POR system provides numerous benefits to users, such as automated deposit/withdrawal, investment plans, and interest earnings.

FAQs

1. What is zk STARK encryption certification technology?
zk STARK encryption certification technology is a privacy-centric method of ensuring the integrity of computing through blockchain technology. Developed from the theory of V God, this technology aims to maintain the privacy and confidentiality of user data.
2. Why is Ouyi OKX using zk STARK encryption technology?
As Ouyi OKX expands, it is vital to make sure that users’ funds are protected from any fraudulent activities. Incorporating the zk STARK encryption certification technology ensures that the user data held by the certification platform is accurate and secure, improving the transparency and security of the platform.
3. What are the advantages of using the Ouyi OKX Reservation Certification POR system?
The POR system allows users to deposit digital assets as reserves, which can be used for future transactions. The system is fully automated, making it more comfortable for users to deposit, withdraw, or transfer their funds. The POR system also provides users with different investment plans, allowing users to earn interest while their digital assets are held in reserve.