📌 Today's useful insight: Proof of Reserves
A common Proof of Reserves method uses a Merkle tree to aggregate all users' balances. Each user can use their own Merkle path to verify whether their balance has been included.
When reading a Proof of Reserves report, pay attention to the snapshot date and the range of assets covered—don't just look at the overall coverage ratio.
It's okay to take things slowly. Staying in the game matters far more than making a big profit once.
In Binance's Proof of Reserves, users can independently verify whether assets such as $BNB in their account have been included. Current price: 743.93.
#BNB
A common Proof of Reserves method uses a Merkle tree to aggregate all users' balances. Each user can use their own Merkle path to verify whether their balance has been included.
When reading a Proof of Reserves report, pay attention to the snapshot date and the range of assets covered—don't just look at the overall coverage ratio.
It's okay to take things slowly. Staying in the game matters far more than making a big profit once.
In Binance's Proof of Reserves, users can independently verify whether assets such as $BNB in their account have been included. Current price: 743.93.
#BNB