Someone asked: What can Proof of Reserves (PoR) prove?
My answer: A zk-SNARK scheme can prove that every user's net balance is non-negative and included in the published total, without revealing any individual user's balance. Proof of Reserves only shows the relationship between reserves and user balances at the time of the snapshot; it cannot provide a comprehensive picture of the platform's other liabilities or operating conditions.
$BNB 730.41 (+0.38%)
What topic would you like to see next? DeFi or something else?
#BNB
My answer: A zk-SNARK scheme can prove that every user's net balance is non-negative and included in the published total, without revealing any individual user's balance. Proof of Reserves only shows the relationship between reserves and user balances at the time of the snapshot; it cannot provide a comprehensive picture of the platform's other liabilities or operating conditions.
$BNB 730.41 (+0.38%)
What topic would you like to see next? DeFi or something else?
#BNB