🔢 Blockchain Industry | Proof of Reserves
· Definition: A common proof-of-reserves method uses a Merkle tree to aggregate all users’ balances. Each user can use their own Merkle path to check whether their balance has been included.
· How it works: Proof of reserves only shows how reserves compare with user balances at the time of the snapshot; it cannot fully reflect the platform’s other liabilities or financial condition.
· Note: When reviewing a reserve report, pay attention to the snapshot date and the range of assets covered. Don’t look only at the overall reserve ratio.
$BNB 730.88（+1.12%）
· Definition: A common proof-of-reserves method uses a Merkle tree to aggregate all users’ balances. Each user can use their own Merkle path to check whether their balance has been included.
· How it works: Proof of reserves only shows how reserves compare with user balances at the time of the snapshot; it cannot fully reflect the platform’s other liabilities or financial condition.
· Note: When reviewing a reserve report, pay attention to the snapshot date and the range of assets covered. Don’t look only at the overall reserve ratio.
$BNB 730.88（+1.12%）