What does Proof of Reserves (PoR) prove?
Proof of Reserves reflects a snapshot at a specific point in time. Asset changes between two reports can only be seen in the next report.
A common Proof of Reserves method uses a Merkle tree to aggregate all users' balances. Each user can use their own Merkle path to check whether their balance has been included.
The most important thing to remember when managing funds: when looking at a reserve report, pay attention to the snapshot date and the range of currencies covered. Don't just look at the overall reserve ratio.
$BNB 594.84（-3.3%）
#BNB
NFA, do your own research.
Proof of Reserves reflects a snapshot at a specific point in time. Asset changes between two reports can only be seen in the next report.
A common Proof of Reserves method uses a Merkle tree to aggregate all users' balances. Each user can use their own Merkle path to check whether their balance has been included.
The most important thing to remember when managing funds: when looking at a reserve report, pay attention to the snapshot date and the range of currencies covered. Don't just look at the overall reserve ratio.
$BNB 594.84（-3.3%）
#BNB
NFA, do your own research.