Blockchain Industry | What can Proof of Reserves (PoR) prove?
Proof of Reserves is a snapshot taken at a specific point in time. Changes in assets between two reports can only be seen in the next report.
Proof of Reserves only shows whether reserves covered user balances at the time of the snapshot; it does not provide a complete picture of the platform’s other liabilities or its operating conditions.
In Binance’s Proof of Reserves, users can independently check whether assets such as $BNB in their accounts have been included.
Don’t use products you don’t understand. It’s safer to start with a small amount.
Markets involve risks, so proceed with caution.
Proof of Reserves is a snapshot taken at a specific point in time. Changes in assets between two reports can only be seen in the next report.
Proof of Reserves only shows whether reserves covered user balances at the time of the snapshot; it does not provide a complete picture of the platform’s other liabilities or its operating conditions.
In Binance’s Proof of Reserves, users can independently check whether assets such as $BNB in their accounts have been included.
Don’t use products you don’t understand. It’s safer to start with a small amount.
Markets involve risks, so proceed with caution.