$DOGE on an exchange is a line in its ledger. A reserves proof shows the line was counted: a Merkle tree lets you check your balance is in the audited set; an outside auditor checks the tree. Not shown: any later moment, the auditor's own independence, off-chain liabilities. Academy, 18 Oct: binance.com/en/academy/articles/what-is-proof-of-reserves-and-how-it-works-on-binance
#Dogecoin #Blockchain $DOGE
Not financial advice.