Gate Pioneers Proof of Security (PoSEC), Achieving 104.58% Cold Storage Coverage to Solidify Asset Security

Gate has officially introduced Proof of Security (PoSEC), a new asset security verification framework, becoming the first digital asset trading platform in the industry to launch a PoSEC security verification system.

Since its founding in 2013, Gate has consistently placed user asset security at the forefront of its priorities.

With the introduction of PoSEC, Gate extends security verification beyond reserve adequacy to include asset storage structures and risk coverage capabilities, further solidifying safeguards for user assets and providing a new practical approach to advancing industry security standards.

PoSEC Focuses on Asset Storage Security and Quantifies Extreme-Risk Coverage Capabilities Unlike Proof of Reserves (PoR), which primarily verifies the adequacy of asset reserves, PoSEC places additional emphasis on asset storage security.

By publicly disclosing the distribution of assets between platform cold storage and hot wallets, PoSEC provides visibility into asset storage structures and their ability to cover potential losses under extreme scenarios.

PoSEC introduces the cold storage coverage ratio as a key metric to measure the extent to which cold storage covers total user assets.

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