<?xml version="1.0" encoding="UTF-8"?> <article key="pdf/10013807" mdate="2024-09-09 00:00:00"> <author>Sam and Ng and Lewis Leighton and Sam Atkinson and Carson Yan and Landan Hu and Leslie Cheung and Brian Yap and Kent Lung and Ketat Sarakune</author> <title>ZeroKnowledge ProofofReserve A Confidential Approach to Cryptocurrency Asset Verification</title> <pages>582 - 587</pages> <year>2024</year> <volume>18</volume> <number>9</number> <journal>International Journal of Computer and Information Engineering</journal> <ee>https://publications.waset.org/pdf/10013807</ee> <url>https://publications.waset.org/vol/213</url> <publisher>World Academy of Science, Engineering and Technology</publisher> <abstract>This paper presents a method for verifying cryptocurrency reserves that balances the need for both transparency and data confidentiality. Our methodology employs cryptographic techniques, including Merkle Trees, Bulletproof, and zkSnark, to verify that total assets equal or exceed total liabilities, represented by customer funds. Notably, this verification is achieved without disclosing sensitive information such as the total asset value, customer count, or cold wallet addresses. We delve into the construction and implementation of this methodology. While the system is robust and scalable, we also identify areas for potential enhancements to improve its efficiency and versatility. As the digital asset landscape continues to evolve, our approach provides a solid foundation for ensuring continued trust and security in digital asset platforms.</abstract> <index>Open Science Index 213, 2024</index> </article>