[One-Minute Explainer] What can Proof of Reserves (PoR) prove?
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.
The purpose of a Merkle tree is that, by publishing just one root hash, each user can independently verify that their balance is included, without making everyone's account details public.
With Binance's Proof of Reserves, users can check for themselves whether assets such as $BNB in their accounts have been included. Currently: 696.34.
Markets are always full of surprises. What if you set things in advance and get it wrong?
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.
The purpose of a Merkle tree is that, by publishing just one root hash, each user can independently verify that their balance is included, without making everyone's account details public.
With Binance's Proof of Reserves, users can check for themselves whether assets such as $BNB in their accounts have been included. Currently: 696.34.
Markets are always full of surprises. What if you set things in advance and get it wrong?
