• Bitget, the largest crypto copy trading platform, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing.
• This partnership aims to provide Bitget users with unparalleled transparency of exchange operations through a tamperproof audit trail of data and computation.
• The collaboration between the two platforms will allow Bitget to offer its users verifiable evidence that the exchange holds assets on behalf of its clients and full transparency about the exchange’s activity, liquidity, assets, and liabilities.
Bitget Announces Strategic Partnership with Decentralized Data Warehousing Leader Space and Time
Bitget, the largest crypto copy trading platform, has entered into a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The aim of this collaboration is to provide unparalleled transparency of exchange operations for Bitget users through a tamperproof audit trail of data and computation.
Transparency for Users
Centralized crypto exchanges typically publish proofs to assure users that their assets exist but the accounting of financial operations is usually conducted in opaque black-box systems. Through this partnership, Bitget can now offer proof of accounting which will allow its users to trust that all exchange operations are both valid and verifiable.
The Benefits Of Using Space And Time
Space and Time is the first decentralized data warehouse which combines both tamperproof on-chain as well as off-chain data. Additionally, it has developed an innovative cryptography called Proof of SQL which cryptographically proves that query computations were done accurately while ensuring that both the query as well as the data are tamperproof.
What This Means For Bitget
Gracy Chen, Managing Director at Bitget commented: “Bitgets strives to be an all-in-one global trading platform, our partnership with Space & Time emphasizes our commitment towards providing our users with utmost transparency”. This move by Bitgets allows them to assure their customers that they have accurate records regarding their own assets as well as those belonging to other customers they store on their platforms.
Conclusion
This collaboration between these two platforms promises great improvements for both sides involved; especially for customers who can now rest assured knowing exactly what information is being stored about them by these companies in order to help protect their privacy rights better than ever before!