Blockchain Industry | What Can Proof of Reserves (PoR) Prove?
Binance launched Proof of Reserves in November 2022 and introduced 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 confirm that their balance is included, without making everyone’s account details public.
With Binance’s Proof of Reserves, users can independently verify whether assets in their accounts, such as $BNB , are included.
Don’t invest with borrowed money; the pressure can easily lead you to make the wrong decisions.
Binance launched Proof of Reserves in November 2022 and introduced 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 confirm that their balance is included, without making everyone’s account details public.
With Binance’s Proof of Reserves, users can independently verify whether assets in their accounts, such as $BNB , are included.
Don’t invest with borrowed money; the pressure can easily lead you to make the wrong decisions.
