Shiba Inu And 3 Cryptocurrencies Have Been Added To Binance’s List Of Verified Digital Assets

Key Points:

• Shiba Inu SHIB, DOT, CHZ, and SOL are the four new tokens that have been introduced into the system. This brings the total number of verified assets on Binance to 13, all of which are popular tokens.
• Investors should anticipate that Binance will add further digital assets to its POR list in the coming weeks, as the exchange has stated that this is something they can look forward to.

Shiba Inu (SHIB) and three other altcoins are going to be added to the list of verified cryptocurrencies that are traded on the world’s largest cryptocurrency exchange by volume.

Binance also announced that it will be providing support for four alternative cryptocurrencies, namely Shiba Inu SHIB, Polkadot (DOT), Solana (SOL), and Chiliz (CHZ). Binance is thrilled to unveil zk-SNARK, a zero-knowledge verification method that keeps sensitive information private and more secure, for its proof of reserve (POR) verification system. This is part of our ongoing efforts to give transparency regarding user money.

In a recent article on the business blog, Binance announced that it will be enhancing the information protection capabilities of its proof-of-reserve identification system by including a verification technique known as zero-knowledge (zk) SNARKS.

The following four extra tokens have been added to the system: Shiba Inu SHIB, DOT, CHZ, and SOL. This is in addition to the enhancement that has been made. Binance now has a total of 13 verifiable assets, all of which are popular tokens. This raises the overall amount of popular tokens to 13.

Binance has indicated that investors may anticipate the addition of further digital assets to its POR list in the coming weeks. Given that the exchange has mentioned that this is something investors can look forward to, investors can assume that Binance will do so. In the month of November of the previous year, Binance published the proof of reserve list in order to offer evidence that it continues to have a reserve ratio of one-to-one for the assets held by investors.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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