Binance Adds 11 More Altcoins to PoR

Binance, the world’s largest cryptocurrency exchange, has added 11 new altcoins, including Dogecoin (DOGE), to its verifiable assets in its proof-of-reserve system (PoR).

Binance announced on its official website on March 7 that as part of the proof-of-reserve movement, Mask Network (MASK), Enjin Coin (ENJ), WazirX (WRX), The Graph (GRT), Chromia (CHR), Curve DAO (CRV), 1inch (1INCH), Hashflow (HFT), SSV Network (SSV) and Dogecoin (DOGE) have also added eleven new assets that are very popular among cryptocurrency users to its verifiable assets. According to the statement, with the latest update, the total amount of funds that can be verified on Binance has exceeded $ 63 billion.

With 11 added tokens, the number of verifiable assets on Binance has increased to 24. Verifiable assets on Binance prior to the update: Tether (USDT), Binance USD (BUSD), BNB (BNB), Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Solana (SOL), Chainlink ( LINK), Chiliz (CHZ), Polkadot (DOT), and Shiba Inu (SHIB). Earlier last month, Binance CEO Changpeng Zhao (CZ) announced that they had integrated the zero-knowledge proof (zk-SNARK) system into the exchange’s proof of reserve.