Before looking at fund flows, get the basics straight. Today, we're talking about proof of reserves.
A zk-SNARK scheme can prove that every user's net balance is non-negative and that all balances are included in the published total, without revealing any individual user's balance.
When reviewing a proof-of-reserves report, pay attention to the snapshot date and the range of assets covered—don't just look at the overall reserve ratio.
With Binance's proof of reserves, users can independently verify whether assets such as $BNB in their accounts have been included. Currently, 702.62.
#BNB
A zk-SNARK scheme can prove that every user's net balance is non-negative and that all balances are included in the published total, without revealing any individual user's balance.
When reviewing a proof-of-reserves report, pay attention to the snapshot date and the range of assets covered—don't just look at the overall reserve ratio.
With Binance's proof of reserves, users can independently verify whether assets such as $BNB in their accounts have been included. Currently, 702.62.
#BNB
