What does Proof of Reserves (PoR) prove? No worries—the class study rep is here to explain:
Proof of Reserves (PoR) is publicly disclosed evidence from an exchange showing that it holds enough assets to cover users’ balances on the platform.
PoR only shows how reserves compare with user balances at a specific point in time. It cannot provide a complete picture of the platform’s other liabilities or its business operations.
You only learn after paying too much tuition: read the manual first.
$BNB 735.69（-2.05%）
#BNB
Proof of Reserves (PoR) is publicly disclosed evidence from an exchange showing that it holds enough assets to cover users’ balances on the platform.
PoR only shows how reserves compare with user balances at a specific point in time. It cannot provide a complete picture of the platform’s other liabilities or its business operations.
You only learn after paying too much tuition: read the manual first.
$BNB 735.69（-2.05%）
#BNB