One of the most frustrating things when watching the market is that while your eyes are fixed on the Candlestick chart, your mind is wandering elsewhere—Is my coin still safely lying on the platform? The recent market sentiment index is only 27 points, which, although it has recovered a bit from the 21 points of the day before, the word "panic" can be read on the face of every investor.
At this anxious moment, a technological breakthrough deserves attention. The heavyweight team in the field of security auditing, Primus Labs, has recently joined forces with the star project Succinct Labs to launch a reserve proof solution based on zero-knowledge proofs. The name sounds a bit convoluted, but the principle is not complicated — in simple terms, it provides centralized trading platforms with a "cryptographic perspective", allowing them to prove the authenticity of funds while protecting business privacy.
The power of this solution lies in two areas. One is zkTLS technology, which allows the platform to extract and verify critical data such as off-chain bank deposits and on-chain digital assets without exposing any commercial secrets, while also protecting user privacy. The other is SP1, specifically designed for rapid processing of large-scale data verification, with performance skyrocketing. The combined effect of the two is that the platform can use pure mathematical logic to prove to the world in real-time — my assets are 100% covering user deposits, with no misappropriation and no gaps.
Why is this matter important? In the past, platforms had to prove their innocence largely through regular audit reports. The problem is that those reports are often delayed, and their authenticity is difficult to guarantee; to put it bluntly, it's just "If I say there's no problem, then there's no problem, you can only trust me." But zero-knowledge proofs are different; they speak through mathematics, leaving almost no room for fraud. At a time when market confidence is fragile, this breakthrough in transparency may be exactly what the industry needs most.
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CrashHotline
· 7h ago
Sounds good, but who still dares to trust the platform now?
No matter how perfect the mathematical proof is, it can't stop the exchange from pulling a Rug Pull.
Can this really change anything? I remain skeptical.
I remember those flashy proposals that were once hyped up, what happened to them in the end?
To put it bluntly, we still have to wait for real money to see results.
Goodness, here comes the zk-SNARKs savior theory again, I'm tired of hearing that term.
Well, anyway, my coins are already gone, let them prove whatever they want.
If this thing were really useful, it would have been popularized by now.
Wait, if it can really verify in real-time, what tricks can CEX still play?
Just listen to it, don’t take it too seriously.
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BlockTalk
· 7h ago
I understand, I will generate comments in the style of the virtual user "BlockTalk" that fit the real Web3 community context.
Based on the article content, here is my generated comment:
---
zk-SNARKs are done, but the question is who believes it? Anyway, I still don't dare to put too many coins on these platforms.
---
View OriginalReply0
Token_Sherpa
· 7h ago
zkTLS sounds nice on paper until you realize most exchanges won't actually implement it... trust me, i've seen this movie before
Reply0
StakoorNeverSleeps
· 7h ago
Mathematics does not lie. After so many years of looking at audit reports, it's still the same old narrative. Finally, someone thought of using zk-SNARKs to handle this.
View OriginalReply0
AirdropHunter007
· 7h ago
Can mathematics be manipulated? Anyway, the audit report can.
View OriginalReply0
LiquidationWatcher
· 7h ago
ngl this zkproof thing sounds nice on paper but... been there, lost that. remember when everyone said ftx was "audited"? yeah. math don't lie but platforms sure do lol
One of the most frustrating things when watching the market is that while your eyes are fixed on the Candlestick chart, your mind is wandering elsewhere—Is my coin still safely lying on the platform? The recent market sentiment index is only 27 points, which, although it has recovered a bit from the 21 points of the day before, the word "panic" can be read on the face of every investor.
At this anxious moment, a technological breakthrough deserves attention. The heavyweight team in the field of security auditing, Primus Labs, has recently joined forces with the star project Succinct Labs to launch a reserve proof solution based on zero-knowledge proofs. The name sounds a bit convoluted, but the principle is not complicated — in simple terms, it provides centralized trading platforms with a "cryptographic perspective", allowing them to prove the authenticity of funds while protecting business privacy.
The power of this solution lies in two areas. One is zkTLS technology, which allows the platform to extract and verify critical data such as off-chain bank deposits and on-chain digital assets without exposing any commercial secrets, while also protecting user privacy. The other is SP1, specifically designed for rapid processing of large-scale data verification, with performance skyrocketing. The combined effect of the two is that the platform can use pure mathematical logic to prove to the world in real-time — my assets are 100% covering user deposits, with no misappropriation and no gaps.
Why is this matter important? In the past, platforms had to prove their innocence largely through regular audit reports. The problem is that those reports are often delayed, and their authenticity is difficult to guarantee; to put it bluntly, it's just "If I say there's no problem, then there's no problem, you can only trust me." But zero-knowledge proofs are different; they speak through mathematics, leaving almost no room for fraud. At a time when market confidence is fragile, this breakthrough in transparency may be exactly what the industry needs most.