Lending Giant Celsius Network Supports Zero-knowledge Proofs

Published on: 23.04.2021

Crypto lending giant Celsius Network will be the first user of the newly created X-Margin  Credit System for their borrowers. 

This new international credit sourcing platform is formed by trading tech firm X-Margin with the help of crypto custody provider Fireblocks.

With this new credit system, lenders have knowledge of borrower’s trading portfolio without divulging the entire trading strategy.

The new credit system will ensure better credit risk management and boost credit confidence.

The credit system utilizes ZPKs (zero-knowledge proofs),a protocol that acts as  a way for a “prover” to convince a “verifier” that a statement about some secret information is true without revealing the secret itself. 

#SmartCrypto

 

 

Market Stats:
BTC Dominance: 64.66%(+0.28%/24h)
ETH Dominance: 8.98%(-0.10%/24h)
Defi Market Cap: $103.9B(-3.09%/24h)
Total Market Cap: $3258.51B(-1.71%/24h)
Total Trading Volume 24h: $98.16B(-3.04%/24h)
ETH Market Cap: $292.53B
Defi to ETH Ratio: 35.52%
Defi Dominance: 3.08%
Altcoin Market Cap: $1151.43B
Altcoin Volume 24h: $55.54B
Total Cryptocurrencies: 34987
Active Cryptocurrencies: 9518
Active Market Pairs: 104107
Active Exchanges: 830
Total Exchanges: 10586
BTC: 105871.88$(-0.39%/1H)
ETH: 2422.6$(-0.25%/1H)
AVAX: 17.14$(-0.79%/1H)
BNB: 645.31$(-0.22%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.54$(-0.8%/1H)
DOT: 3.3$(-0.83%/1H)
UNI: 6.91$(-0.35%/1H)
CAKE: 2.25$(-0.5%/1H)
SUSHI: 0.58$(-0.77%/1H)
ONE: 0.01$(-1.12%/1H)