What can Proof of Reserves (PoR) prove?
Common Proof of Reserves reports use a Merkle tree to organize all users' balances, allowing each user to verify whether their balance was included using their own Merkle path.
Proof of Reserves (PoR) is public evidence from an exchange showing that the platform holds enough assets to cover users' balances on the platform.
The most important thing to remember when managing funds: when reading a reserve report, pay attention to the snapshot date and the range of assets covered, rather than looking only at the overall coverage ratio.
$BNB 697.9（+0.49%）
Common Proof of Reserves reports use a Merkle tree to organize all users' balances, allowing each user to verify whether their balance was included using their own Merkle path.
Proof of Reserves (PoR) is public evidence from an exchange showing that the platform holds enough assets to cover users' balances on the platform.
The most important thing to remember when managing funds: when reading a reserve report, pay attention to the snapshot date and the range of assets covered, rather than looking only at the overall coverage ratio.
$BNB 697.9（+0.49%）