Changpeng Zhao: Multiple products will be released around Binance’s Proof of Reserve and Proof of Solvency

Binance’s official blog released a summary of the content of the AMA on January 14. Binance CEO Changpeng Zhao revealed that Binance’s next big product aims to solve the problem of trust and transparency, and will focus on Binance’s proof of reserves and proof of solvency. products to provide greater transparency and a roadmap for public release. On the topic of DeFi, Binance will continue to invest in making DeFi more accessible and usable. Finally, the product team aims to achieve 1 billion verified Binance users by further simplifying the KYC process. In response to how Binance ensures scalability between its products, Changpeng Zhao stated that his solution to the technical challenges of scalability is to hire the best talent from the largest traditional, Internet, and financial applications to tackle these challenges , so far this approach works well.