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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
Conflux (CFX) Announces v2.5.0 Testnet Hardfork Upgrade
Felix Pinkston
Feb 24, 2025 20:13
Conflux (CFX) reveals its v2.5.0-testnet hardfork, urging node operators to upgrade before March 3 to avoid protocol incompatibility. The upgrade includes a crucial security fix.
Conflux (CFX), a blockchain network known for its innovative approach to scalability and security, has announced a significant upgrade with the release of its v2.5.0-testnet. This hardfork is scheduled to occur before the network reaches epoch number 208160000, estimated around March 3, 2025, according to the Conflux Forum.
Security Fix and Upgrade Details
The v2.5.0-testnet release addresses a critical security issue, emphasizing the importance for all node operators to upgrade promptly. The upgrade process involves replacing the current ‘conflux.exe’ file with the new version provided in the v2.5.0-testnet package and then restarting the node. Operators are advised to complete this upgrade within two days to ensure seamless network participation.
Implications of Delaying the Upgrade
Operators failing to upgrade before the specified epoch will face the need to delete all existing data and restart their nodes. Delayed upgrades could lead to nodes becoming incompatible with the updated Conflux protocol, potentially disabling key functionalities such as block synchronization and mining.
Community Acknowledgment
Conflux extends its gratitude to its community and developers for their ongoing support and contributions. The collaborative efforts have been pivotal in steering the network towards enhanced performance and security. This hardfork represents another step in fortifying Conflux’s infrastructure and maintaining its commitment to a robust blockchain ecosystem.
Node operators are encouraged to download the latest version of Conflux v2.5.0-testnet to stay aligned with the network’s developments and ensure continued participation in the evolving Conflux ecosystem.
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