The platform says, “User assets are backed 1:1.” How can ordinary users verify this for themselves?
It’s worth understanding proof of reserves.
The purpose of a Merkle tree is that, once a root hash is published, each user can independently confirm that their balance is included—without disclosing everyone’s account details.
Take the time to understand the rules before getting involved. Don’t place an order on impulse.
With Binance’s proof of reserves, users can check for themselves whether assets such as $BNB in their account have been included.
#BNB
It’s worth understanding proof of reserves.
The purpose of a Merkle tree is that, once a root hash is published, each user can independently confirm that their balance is included—without disclosing everyone’s account details.
Take the time to understand the rules before getting involved. Don’t place an order on impulse.
With Binance’s proof of reserves, users can check for themselves whether assets such as $BNB in their account have been included.
#BNB