Let's talk about proof of reserves.
Common proof-of-reserves systems use a Merkle tree to organize all users' balances, so each user can use their own Merkle path to check whether their balance has been included.
Honestly, here's something I hadn't paid attention to before: when reading a proof-of-reserves report, check the snapshot date and the range of assets covered, rather than looking only at the overall coverage ratio.
In Binance's proof of reserves, users can independently verify whether assets such as $BNB in their accounts have been included.
Verify information across multiple sources before taking action; don't rely on just one person's claims.
#BNB
Common proof-of-reserves systems use a Merkle tree to organize all users' balances, so each user can use their own Merkle path to check whether their balance has been included.
Honestly, here's something I hadn't paid attention to before: when reading a proof-of-reserves report, check the snapshot date and the range of assets covered, rather than looking only at the overall coverage ratio.
In Binance's proof of reserves, users can independently verify whether assets such as $BNB in their accounts have been included.
Verify information across multiple sources before taking action; don't rely on just one person's claims.
#BNB