🔍 Blockchain Industry | Proof of Reserves
· What it is: Proof of Reserves reflects a snapshot at a specific point in time. Asset changes between reports can only be seen in the next report.
· How it works: Proof of Reserves only shows whether reserves cover user balances at the moment of the snapshot; it cannot fully reflect the platform’s other liabilities or operating conditions.
· Practical tip: When reviewing a reserves report, pay attention to the snapshot date and the range of assets covered. Don’t focus only on the overall reserve ratio.
$BNB 736.29 (-2.13%)
#BNB
· What it is: Proof of Reserves reflects a snapshot at a specific point in time. Asset changes between reports can only be seen in the next report.
· How it works: Proof of Reserves only shows whether reserves cover user balances at the moment of the snapshot; it cannot fully reflect the platform’s other liabilities or operating conditions.
· Practical tip: When reviewing a reserves report, pay attention to the snapshot date and the range of assets covered. Don’t focus only on the overall reserve ratio.
$BNB 736.29 (-2.13%)
#BNB