Lending Giant Celsius Network Supports Zero-knowledge Proofs
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.
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