What does Proof of Reserves (PoR) prove? Many people can’t answer!
Binance introduced Proof of Reserves in November 2022 and zk-SNARK zero-knowledge proofs in February 2023.
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 disclosing everyone’s details.
Every return comes with a corresponding risk. Think carefully about how much you could lose in the worst case.
$BNB 681.24（+0.09%）
#BNB
Binance introduced Proof of Reserves in November 2022 and zk-SNARK zero-knowledge proofs in February 2023.
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 disclosing everyone’s details.
Every return comes with a corresponding risk. Think carefully about how much you could lose in the worst case.
$BNB 681.24（+0.09%）
#BNB
