Study Notes | Proof of Reserves
① The zk-SNARK scheme can prove that every user’s net balance is non-negative and included in the published total, without revealing any individual user’s balance.
② Binance launched Proof of Reserves in November 2022 and introduced zk-SNARK zero-knowledge proofs in February 2023.
③ When reviewing reserve reports, pay attention to the snapshot date and the assets covered—not just the overall coverage ratio.
$BNB 745.76（-1.03%）
#BNB
① The zk-SNARK scheme can prove that every user’s net balance is non-negative and included in the published total, without revealing any individual user’s balance.
② Binance launched Proof of Reserves in November 2022 and introduced zk-SNARK zero-knowledge proofs in February 2023.
③ When reviewing reserve reports, pay attention to the snapshot date and the assets covered—not just the overall coverage ratio.
$BNB 745.76（-1.03%）
#BNB