Binance CEO CZ begins working on Vitalik Buterin’s ‘safe CEX’ ideas By Cointelegraph
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Binance CEO CZ begins working on Vitalik Buterin’s ‘safe CEX’ ideasThe collapse of numerous major crypto ecosystems in 2022 revealed the urgent need for revamping the way crypto exchanges operate. co-founder Vitalik Buterin believed in exploring beyond “fiat” methods to ensure the stability of crypto exchanges, including technologies such as Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs).
Following a discussion with angel investor Balaji Srinivasan and crypto exchanges such as Coinbase (NASDAQ:), Kraken and Binance, Buterin recommended options for the creation of cryptographic proofs of on-chain funds that can cover investor liabilities when required, also known as safe centralized exchanges (CEX).
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Binance CEO CZ begins working on Vitalik Buterin’s ‘safe CEX’ ideasThe collapse of numerous major crypto ecosystems in 2022 revealed the urgent need for revamping the way crypto exchanges operate. co-founder Vitalik Buterin believed in exploring beyond “fiat” methods to ensure the stability of crypto exchanges, including technologies such as Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs).
Following a discussion with angel investor Balaji Srinivasan and crypto exchanges such as Coinbase (NASDAQ:), Kraken and Binance, Buterin recommended options for the creation of cryptographic proofs of on-chain funds that can cover investor liabilities when required, also known as safe centralized exchanges (CEX).
Continue Reading on Coin Telegraph
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