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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
UK startup Optalysys launches blockchain servers using fully homomorphic encryption technology.
Gate News bot news, the British startup Optalysys, focused on secure computing, has launched what is claimed to be the world's first blockchain server capable of processing data on a large scale without the need for decryption.
The company's LightLocker node is a server that uses fully homomorphic encryption (FHE), a mathematical technique that allows computations to be carried out on encrypted data without compromising the encryption.
Last year, several companies raised funds to explore the application of FHE in the cryptocurrency field. Optalysys stated that its server hardware is specifically designed for blockchain encryption, providing a more cost-effective alternative to expensive and inefficient GPU systems, with energy consumption reduced by 40%.
Optalysys is headquartered in Leeds, UK, and was founded in 2013 by CEO Dr. Nick New and CTO Robert Todd. The company completed its Series A funding round of £21 million ($28 million) in July 2023.
Source: CoinDesk