• Binance, a cryptocurrency exchange, announced on February 10th that it will be using zk-SNARKs as part of its proof-of-reserves verification system. • This new technology should greatly increase the safety and openness of the verification procedure while keeping sensitive information private. • Binance CEO Changpeng Zhao believes this upgrade will provide users with increased privacy and security. Binance Introduces zk-SNARKs Binance, a cryptocurrency exchange, stated on February 10 that it will be using zk-SNARKs as part of its proof-of-reserves verification system. This cutting-edge technology should greatly increase the safety and openness of the verification procedure while keeping sensitive information...