Blockchain Industry | What can Proof of Reserves (PoR) prove?
A zk-SNARK solution can prove that every user’s net balance is non-negative and included in the published total, without revealing any individual user’s balance.
A Proof of Reserves only shows the relationship between reserves and user balances at the time of the snapshot; it cannot fully reflect the platform’s other liabilities or operating conditions.
In Binance’s Proof of Reserves, users can independently verify whether assets such as $BNB in their accounts are included. Current price: 731.46.
Don’t rush into action just because everyone else is buying.
A zk-SNARK solution can prove that every user’s net balance is non-negative and included in the published total, without revealing any individual user’s balance.
A Proof of Reserves only shows the relationship between reserves and user balances at the time of the snapshot; it cannot fully reflect the platform’s other liabilities or operating conditions.
In Binance’s Proof of Reserves, users can independently verify whether assets such as $BNB in their accounts are included. Current price: 731.46.
Don’t rush into action just because everyone else is buying.