Blockchain Industry | What Can Proof of Reserves (PoR) Prove?
Common proof-of-reserves methods use a Merkle tree to organize all users’ balances, allowing each user to check whether their balance was included using their own Merkle path.
Proof of reserves only shows how reserves covered user balances at the time of the snapshot; it cannot fully reflect a platform’s other liabilities or business condition.
In Binance’s proof of reserves, users can independently verify whether assets such as $BNB in their accounts were included.
Every potential return comes with corresponding risks. Consider carefully how much you could afford to lose in the worst-case scenario.
#BNB
Just sharing some thoughts—what you do is up to you.
Common proof-of-reserves methods use a Merkle tree to organize all users’ balances, allowing each user to check whether their balance was included using their own Merkle path.
Proof of reserves only shows how reserves covered user balances at the time of the snapshot; it cannot fully reflect a platform’s other liabilities or business condition.
In Binance’s proof of reserves, users can independently verify whether assets such as $BNB in their accounts were included.
Every potential return comes with corresponding risks. Consider carefully how much you could afford to lose in the worst-case scenario.
#BNB
Just sharing some thoughts—what you do is up to you.