tl;dr
Gate.io, a prominent crypto exchange and Web3 innovator, received a positive security review from Hacken for its Proof of Reserves (PoR) methodology. The review, which covered various aspects of the PoR, highlighted the platform's commitment to user asset safety and the integrity of the blockchain i...
Gate.io, a prominent crypto exchange and Web3 innovator, received a positive security review from Hacken for its Proof of Reserves (PoR) methodology. The review, which covered various aspects of the PoR, highlighted the platform's commitment to user asset safety and the integrity of the blockchain industry. Gate.io plans to make improvements based on the review and has expanded its PoR data to cover 171 assets, showing reserves exceeding user deposits by more than 100%. Established in 2013, Gate.io is a leader in the cryptocurrency exchange industry, offering diverse trading services and serving over 13 million active users worldwide.
Jan 22nd, Panama – Gate.io, a leading crypto exchange and Web3 innovator, announced that its latest Proof of Reserves (PoR) methodology passed a comprehensive security review conducted by Hacken, a pioneer in blockchain and Web3 security auditing. The accompanying report found no severe issues. Released on January 3, the report describes Gate.io’s PoR method as a balance of functionality and complexity and that it “contributes significantly to the field, demonstrating a clear understanding and application of key principles in blockchain technology and cryptographic systems.”
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