Before keeping an eye on funds, get the basics down. Today, let’s talk about proof of reserves.
A common method for proof of reserves uses a Merkle tree to summarize all users’ balances. Each user can use their own Merkle path to check whether their balance has been included.
If a platform provides proof of reserves, you can follow its official instructions and verify for yourself whether your balance has been included.
With Binance’s proof of reserves, users can independently check whether assets such as $BNB in their accounts have been included.