In the Binance AMA Twitter Space, Binance founder and CEO Changpeng Zhao (CZ) explained the Merkle Tree Reserve Proof, saying that the proof is a mathematical method that can prove that the user's balance is included in the calculation method and included in the final balance, and the Merkle Tree Reserve Proof is not a new thing, it has existed for many years. Therefore, CZ said that he wanted to propose a new reserve proof protocol, which is expected to take several weeks, which is why Binance previously announced the addresses of cold and hot wallets so that users can directly see the addresses of our wallets. Although it is not better than the Merkle Tree Reserve Proof, it can at least provide users with a reference.