Blockchain industry | What does Proof of Reserves (PoR) prove?
Binance launched its Proof of Reserves in November 2022 and introduced zk-SNARK zero-knowledge proofs in February 2023.
Proof of Reserves only shows how reserves covered user balances at the time of the snapshot; it cannot provide a full picture of the platform’s other liabilities or business operations.
With Binance’s Proof of Reserves, users can independently verify whether assets such as $BNB in their accounts have been included.
Don’t put all your savings on a single bet.
Binance launched its Proof of Reserves in November 2022 and introduced zk-SNARK zero-knowledge proofs in February 2023.
Proof of Reserves only shows how reserves covered user balances at the time of the snapshot; it cannot provide a full picture of the platform’s other liabilities or business operations.
With Binance’s Proof of Reserves, users can independently verify whether assets such as $BNB in their accounts have been included.
Don’t put all your savings on a single bet.